A tail of two tech stories (7 Jun, 2018)

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A tail of two tech stories (7 Jun, 2018)

Postby aardvark_admin » Thu Jun 07, 2018 9:59 am

This column is archived at: https://aardvark.co.nz/daily/2018/0607.shtml

Venture capital funding is great... if you can get it. Perhaps the biggest value in VC funding is not the money so much as the experience and skill that comes along with it... and the fact that you can continue to develop your product whilst flying "under the radar".

If you go the crowdfunding way then you may be in for some very nasty surprises when it comes to negotiating the many hurdles between concept and commercialisation -- plus you're giving potential competitors access to your "brilliant ideas" before they're shipping.

The Skidio R1 is a textbook example of how to go about developing a hi-tech, game-changing product the right way.

The ZX Vega Plus console epitomises all that is wrong with crowdfunding.

Have you had any crowdfunding experiences -- either as a funder or as a recipient of funding? How did that work out?
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Re: A tail of two tech stories (7 Jun, 2018)

Postby kermiedefrog » Thu Jun 07, 2018 11:17 am

Bragi Dashes were one crowdfunding success products that worked out for me ...

However, the Lily Cam Drone was an failure at the extreme - I ordered two of them - and even though there is supposed to be a refund coming, I doubt I will see even half that ...

but my biggest venture failures were local business start ups where I was the tech and the 'managers' couldn't sell it; so the investors, including myself, lost a lot of cash (note the tech was ready, the managers weren't) ... lost 100s thousands over them all .. have I learnt - hell no - onto my next money losing venture - haha :-)
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Re: A tail of two tech stories (7 Jun, 2018)

Postby latewings » Thu Jun 07, 2018 12:01 pm

Have you had any crowdfunding experiences

Not personally, but my father-in-law did, by way of Bridgecorp. Essentially the piggy bank for Rod Petricevic's lifestyle choices.

I tend to work on the 'if it sounds too good to be true, it is' white shoulder Angel overriding the red shoulder Angel's whispers of 'ooh shiny, lets buy it'.
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Re: A tail of two tech stories (7 Jun, 2018)

Postby GSVNoFixedAbode » Thu Jun 07, 2018 3:07 pm

I've tried a few Kickstarter projects, among which one was good (Zackees Turn signal cycle gloves) and the other was a complete burn of the $300 spent on it, the Tiko 3D printer.

The gloves were delayed but still a good product. The Tiko was a much bigger investment, but I did go in knowing it was a large risk as well. What I didn't expect was the dishonesty of the project team and the complete washing-of-hands by Kickstarter (let's just call them Herod). The Tiko had potential but was over-sold, under-engineered, and under-managed. I eventually paid less for a better printer 2 years later.
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Re: A tail of two tech stories (7 Jun, 2018)

Postby greven » Sat Jun 09, 2018 1:51 pm

I've always been reluctant to back any tech based crowd funding pitches, but I've backed a bunch of board game & related projects. They are often delivered really late, but I haven't had any go belly up so far.
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