oakie

if Eric Migicovsky is seriously confused as to why Silicon Valley investors are no longer investing in him, let's lay out the facts: he began over 4 years ago on kickstarter, preselling a metric buttload of their $99 "Classic" for $140 and up, claiming they would retail for $200+. instead of shipping these kickstarter presales, he diverted the majority to fulfilling a Best Buy order that occurred once they saw the popularity. even worse, they were then being sold at retail for $150. hilarity ensues amongst kickstarter "backers." after 2 years, entries from Samsung and other Android manufacturers convinced him to make a metal one, a round one, a metal round one and a "premium" one. despite having had a hand in making Blackberry's failed smartwatch many moons ago, a 2 year head start on the Android market alone, promotion from every tech oriented website on earth and nearly 5 years after launching their original kickstarter presale, Eric Migicovsky has failed to create enough profit to make the business self-sustaining. where have the profits gone? don't say "invested in new products" when your every model was launched using funds from kickstarter presales. gee, i wonder why investors aren't clamoring to send money his way?