.folderol wrote: ↑Fri Aug 19, 2022 6:34 pm Kickstarter is just like any other speculative investment. You don't commit funds you can't afford to lose. There is no comparison with a large established organisation that has regular supplies and significant stocks. Also such a small concern as Mod is right at the bottom of the pecking order when it comes to component suppliers, so it's no surprise they got hit particularly hard by all the disruption
Except it's not really like any other speculative investment. Try getting investment for a business from a bank by promising them a gift bag or a pre-order "maybe" and then not showing them any breakdown of how you are going to spend that money. A pre-order is not an investment and phrasing these kickstarter tier awards is such is sketchy and it causes bad feeling (as evidenced in the thread) when they don't appear because it acts effectively like an exemption for consumer law.
What unfounded assumptions I have made, you aren't even disagreeing. They can't deliver unless they have more money, that's their position. They even state themselves they started crowd funding after/to compensate for COVID disruption to their supply chain. It's not even vaguely ethical to use kickstarter to prop up an already failing business.I've spoken to the Mod guys on several occasions at LACs, and had a little correspondence with them. To me, they come over as unconventional but genuine. I'm not in the market for any of their kit, but if I were, I would have committed funds like others have. I would have been upset to have potentially made a loss (it aint over till the fat lady sings), but wouldn't have belly-ached about it.
The Mod team have already said they will try to honour commitments, but they can't do it if they have no money, no materials, no workplace.
Finally, it doesn't pay to make unfounded assumptions. I have in fact read through the thread mentioned, and am fairly clear on on what some people seem to think. Doesn't alter any facts.