Nano Watch Kit Near $1M on Kickstarter

#1

Post by gursikh » Fri, Dec 17, 2010, 3:46 AM UTC

Nano Watch Kit Near $1M on Kickstarter
techcrunch.com

Re: Nano Watch Kit Near $1M on Kickstarter

#2

Post by nhangen » Fri, Dec 17, 2010, 3:59 AM UTC

I simply cannot believe this. I love the idea, and I love the execution, but then I realized that I'd look like an idiot wearing headphones on my watch.

As someone with a recently approved kickstarter, I'm enthusiastic about the attention that this device is bringing to the model.

Re: Nano Watch Kit Near $1M on Kickstarter

#3

Post by gursikh » Fri, Dec 17, 2010, 4:00 AM UTC

http://www.kickstarter.com/projects/1104350651/tiktok-lunati...

Here's Scott Wilson's update form China in which he walks through the process of getting the watches manufactured.

Integration with nike+ and perhaps a good set of bluetooth headphones make this the ideal running "watch".

Re: Nano Watch Kit Near $1M on Kickstarter

#4

Post by [deleted] » Fri, Dec 17, 2010, 4:09 AM UTC

nhangen wrote: post #2

I simply cannot believe this. I love the idea, and I love the execution, but then I realized that I'd look like an idiot wearing headphones on my watch. As someone with a recently approved kickstarter, I'm enthusiastic about the attention that this device is bringing to the model.

[deleted]

Re: Nano Watch Kit Near $1M on Kickstarter

#5

Post by sliverstorm » Fri, Dec 17, 2010, 4:14 AM UTC

What are they even going to do with all that funding? It really doesn't seem like the product is very complicated or expensive. (no offense or anything)

Re: Nano Watch Kit Near $1M on Kickstarter

#6

Post by maxawaytoolong » Fri, Dec 17, 2010, 4:18 AM UTC

sliverstorm wrote: post #5

What are they even going to do with all that funding? It really doesn't seem like the product is very complicated or expensive. (no offense or anything)

The pledges are actually orders for the watches.

Re: Nano Watch Kit Near $1M on Kickstarter

#7

Post by chaosmachine » Fri, Dec 17, 2010, 4:20 AM UTC

Back in June, Jason L. Baptiste wrote an article for HN called "How to become a millionaire in three years"[1]. Here's a quote:

"Look for the accessory ecosystem- iPod/iPhone/iPad case manufacturers are making a fortune."

[1] http://jasonlbaptiste.com/startups/how-to-become-a-millionai...

Re: Nano Watch Kit Near $1M on Kickstarter

#8

Post by zbanks » Fri, Dec 17, 2010, 4:23 AM UTC

sliverstorm wrote: post #5

What are they even going to do with all that funding? It really doesn't seem like the product is very complicated or expensive. (no offense or anything)

He does have to make and ship 18,000 watches.

I assume he planned for a lower quantity initial run, so his margins are probably pretty high now. The "fixed" costs of initiating manufacturing are probably the biggest component.

Re: Nano Watch Kit Near $1M on Kickstarter

#9

Post by Groxx » Fri, Dec 17, 2010, 4:42 AM UTC

Nice design. Now Apple just needs to open up an SDK for them; they could be much more than they are.

Re: Nano Watch Kit Near $1M on Kickstarter

#10

Post by dawie » Fri, Dec 17, 2010, 4:50 AM UTC

maxawaytoolong wrote: post #6

sliverstorm wrote: post #5

What are they even going to do with all that funding? It really doesn't seem like the product is very complicated or expensive. (no offense or anything)

The pledges are actually orders for the watches.

Depends on what you pledged. You basically paying for the opportunity to pre-order at the price they want...