Crowdfunding project crashes

Discussion in 'Off-Topic' started by nsaspook, Nov 18, 2015.

  1. nsaspook

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    http://www.bbc.com/news/technology-34858171

    https://www.indiegogo.com/projects/robot-dragonfly-micro-aerial-vehicle#/updates
     
  2. Papabravo

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    The VC (Venture Capitalist) Bible says that eight out of ten investments will fail. One will break even, and one will be a home, run returning ten times the original investment. Failures are an expected part of the business -- why should anybody be surprised or take any special note?
     
  3. wayneh

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    Making changes to your Christmas list plans?
     
  4. nsaspook

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    I would think most Venture Capitalist know the difference between a business plan and a scam (spend the rest of the money or head to the beach) that a large amount of these failed Crowd funding projects IMO are.

    http://www.ripoffreport.com/r/ZANO-...r-ZANO-kickstarter-scam-vaporware-doe-1202412

    http://arstechnica.com/business/201...europes-largest-kickstarter-in-over-its-head/
    They used all the good techno scam factoids including the "you can do the impossible with assembly language" one.
     
    Last edited: Nov 18, 2015
  5. nsaspook

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  6. Papabravo

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    There is plenty of scamming in most business plans since they purport to predict the future. Last time I checked, there ain't nobody with a monopoly on that gig.
     
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  7. nsaspook

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    True that. Nothing really special about this one other than it hit the 'product' scanner.
    All of the risk of an investor with none of the gain.

    The SEC has rules for 'real' investor Crowdfunding.
    http://www.kelleydrye.com/publications/client_advisories/1000
     
    Last edited: Nov 18, 2015
  8. GopherT

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    I've had a lot of fun with micro-cap stocks. A bit beyond VC but not much. There is definitely due diligence required but real assets, experts and real products is a start.
     
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  9. Papabravo

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    The point at which a company has publicly tradeable stock is about the time when the VC's cash out. The VC action is generally in years 0-5 before the company goes public. By the time the public is involved they're long gone and onto the next "new new thing".
     
  10. nsaspook

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    If you can keep a secret I'm buying a Hubsan X4 clone for the little one.
     
  11. joeyd999

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    But I can!
     
  12. spinnaker

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    Translation: I'm buying a Hubsan X4 clone for the little one but I will be the only one to play with it. ;)
     
  13. JoeJester

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    And yet they didn't get you as a consultant.

    Man's credulity has no limits.
     
  14. nsaspook

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    I really suck at RC control gadgets but someone has to teach her to fly it.;)
     
  15. JoeJester

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    Here is a nice crowdfunding flowchart from INC.com

    Good luck in funding your ideas.

    [​IMG]
     
  16. nsaspook

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    Fish on!!
     
  17. JohnInTX

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    Me too.
     
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  18. GopherT

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    Learn? The kids charge those things up and they fly. I had no idea when the first one was brought into our basement. We had a small fleet here for a while. I think your best strategy will be to start maneuvering before the plastic box is opened. Convince them how difficult it is to set up and operate and how expensive it is if they break it. Then you might get a short turn.
     
  19. nsaspook

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    OK, you convinced me, I'll get two. :D
     
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  20. Papabravo

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    Been there, did it better, now retired!
     
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