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The worlds worst IoT idea is almost fully funded

kickstarter.com

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Re: The worlds worst IoT idea is almost fully funded

#9
post #8

Sometimes I wonder if some KickStarter campaigns are simply money laundering efforts. Create something that no one in their right mind would want and have your mules make pledges.

I had the same thought, especially since 73% of their funding is owed to the $10,000 nondescript "retail package" tier.

I can see people throwing away their money at a silly Kickstarter idea, but I have a hard time believing that not one but two "retail entities" saw this and came to the conclusion that $80 retail price for one candle is viable enough to pledge 10 grand for a mystery custom retail package.

Re: The worlds worst IoT idea is almost fully funded

#10
post #8

Sometimes I wonder if some KickStarter campaigns are simply money laundering efforts. Create something that no one in their right mind would want and have your mules make pledges.

I had the same thought, especially since 73% of their funding is owed to the $10,000 nondescript "retail package" tier. I can see people throwing away their money at a silly Kickstarter idea, but I have a hard time believing that not one but two "retail entities" saw this and came to the conclusion that $80 retail price for one candle is viable enough to pledge 10 grand for a mystery custom retail package.

The guys on the Grumpy Old Geeks podcast are always laughing because the hacks they envision when looking at new products (software, IoT, SmartAnything) often show up some number of months later. I wonder whether we'll see this in a newspaper headline in a couple years.

https://gog.show/

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