What many crowdfunders don’t realise is that they aren’t preordering but are investing in a product
if the minimum target isn’t met then everyone gets their money back, if the target is met then the developers get the money and start going
If it was guaranteed then they could go to the bank and get a business loan or to a standard investor and then just pay back the original loan/investment plus some percentage on top
The product is then priced on the cost including paying back the investment and everyone is happy - as long as it sells
Thats not easy when you’ve got a new idea or it’s a twist on something that’s already out there.
A separate benefit of crowdfunding is free advertising, if you have something quirky then it gets picked up and passed around for more free advertising.
Your investors become your first buyers, so you’ve lost the risk of not selling anything
in this case the cost of getting to market has turned out to be double that first thought of, but they are still working on it
There is an extra risk of crow funding that your investors could be all of your customers, this screws up some of the figures as by giving them the offer of cheaper products you’ve cut the product margin and if they are the bulk of your customs then there’s no further profit to be made
From the look of it production has been more complex and they have given up on that as an ongoing product, (the investors & preorders are the only people who are going to receive the 500 being manufactured)
It’s not seeming to be a very viable product, as there are already the cheap option of disposable pyro or the more expensive option of reusable pyro. This is meant to be the perfect reusable, has taken longer to develop, cost more than originally anticipated (1 no sh*t, 2 a risk of too successful crowdfunding), recently approved (that would have been more fun on Facebook of the police said no), and will eventually be arriving with investors/pre orders