I cannot understand how so many people backing this campaign can be so blind to the marketing bullshit.
4,183 of them have thrown away USD222k so far.
Even my 21 year old daughter, who is by no means an EE or physics expert was saying to me – “That looks like bullshit to me Dad”… And that was without any bias or prompting from me. I simply sent her the URL and asked her if she thought it was a good concept.
This is exactly what she said:
“Good concept, but after googling it, some guy called Dave Jones has got some YT saying its bullshit.
I don’t understand exactly what he is doing or saying in some of his videos, but there is a forum site that has a load of people agreeing him.
The thing looks like a bullshit lie to me.”
Then she asks me: “Have you seen the eevblog site?”… I laughed…
In my most humble opinion I believe that Indiegogo are as culpable to fraud as the Batteroo villains.
They (Indiegogo) stand to make money out of this and don’t want to put an end to it regardless of the fact that it is morally wrong to take money off people for snake oil.
To put things into perspective, I have backed campaigns on both IGG and KS, however I have always done my research into the “real” feasibility of the project. Everything I have backed has delivered so far... So I am not at all against the concept of crowd funding, I just think the crowd funding websites need to have a more rigid panel of “sanity checkers” that are looking for the fraudsters.
With the amount of money they are earing they can easily afford to pay a panel of experts in the relative field to veto the application to start a campaign and therefore preserve their own future revenue by only allowing achievable projects, even if they are only mildly achievable.
As IGG and KS become less credible I am far less likely to invest and this will cripple the people who have genuinely sound and clear projects to deliver to the world.
It is a pity the crowd funding sites are so greedy and appear to have deviated from their original moral principles.
My 10c...