He just wanted $15,000...

[Abel]

So this guy was just looking to raise $15,000 for his iPod nano watch product and instead he raised nearly $1,000,000. Wow. How about that for overachieving!?

http://www.kickstarter.com/projects/...uch-watch-kits

[ngoduyviet]

Damn, I had the same idea, but with a self-rechargable band using kinetic energy and blue-tooth enabled comm for wireless applications. Anyone wanna invest?

[TheFantasticG]

iPod nano watch? Apple is o.k. with him using their trademarks? Dang. Thats a new one.

[kenw]

whole wall of these at Fry's at lunch today, somebody beat him to it. And I'm glad he got more than 15k, his tooling costs will be more than that.
http://www.frys.com/search?search_ty...no+watch&cat=0

both of these sell for under $20, he wants $35. non starter folks....

[Snarfy]

I really love kick starter. The power of the internet to determine what types of retail products and projects we want.

[ggeen]

Really neat concept and design. I'm sure there is a big market for something like this. I'd even consider getting a Nano to take advantage of a product like this. -G

[Abel]

They have a new one coming out in december that I'd consider getting even tho I don't own a nano. :)

[Nikonfan]

Funny. I had never heard of kickstarter until a few days ago. There is a brewery in Denton called Armadillo that is trying to open. They have raised $34,000 on the site. I was showing it to my wife.

I haven't really looked into it but I thought the money being raised were just donations. If that's the case, I don't see why people in the nano example would keep giving there money to this guy if he already has way more than he asked for. Now if it is considered an invetment and they are being promised to share in the profits I could understand. However, I find that hard to believe since that would mean Kickstarter would have to comply with a ton of financial regulations.

[Abel]

Originally Posted by Nikonfan

I haven't really looked into it but I thought the money being raised were just donations. If that's the case, I don't see why people in the nano example would keep giving there money to this guy if he already has way more than he asked for. Now if it is considered an invetment and they are being promised to share in the profits I could understand. However, I find that hard to believe since that would mean Kickstarter would have to comply with a ton of financial regulations.

this is different... you're getting the product for your donation depending on your level of donation. here's the break down from the link above:

PLEDGE $1 OR MORE
128 BACKERS
Every dollar counts. If your dollar helps make this a reality you will be able to buy the TikTok or LunaTik online or hopefully someday, if successful, at an Apple Store near you. Be a part of making a cool product that no one else would take the risk on and enabling a design firm to produce its own undiluted product.

PLEDGE $25 OR MORE
2432 BACKERS
For $25 pledge you are pre-ordering and will receive the TiKTok Multi-Touch Watch Kit which will sell for $34.95 at retail. Includes shipping within the USA. (Shipping to Canada add $10, International add $15 to pledge amount)

PLEDGE $50 OR MORE
5013 BACKERS
For a $50 pledge you are pre-ordering and will receive the LunaTik Multitouch Watch Conversion Kit. The Lunatik is hot-stamped and CNC'd out of aerospace grade aluminum at one of Apple's suppliers. The LunaTik will sell for $69.95 online and at retail. Includes shipping within the USA. (Shipping to Canada add $10, International add $15 to pledge amount)

PLEDGE $70 OR MORE
4390 BACKERS
The Collection pre-order gets you both the TikTok and LunaTik. Includes shipping within the USA. (Shipping to Canada add $10, International add $15 to pledge amount)

PLEDGE $150 OR MORE
1398 BACKERS
A serialized, red-anodized LunaTik Kickstarter Backer Edition signed via laser by the designer, Scott Wilson. While you wait for your custom color we will also send you a TikTok to boot. Includes shipping within the USA. (Shipping to Canada add $10, International add $15 to pledge amount)

PLEDGE $500 OR MORE
100 BACKERS SOLD OUT (0 of 100 remaining)
Spread the Love Party Pack. You will get a serialized red-anodized LunaTik Kickstarter Backer Edition (with 8GB iPod Nano included) signed via laser by the designer, Scott Wilson. We will also send you 5 silver anodized LunaTiks and 5 TikToks to give to your friends and family to replace their current old school timeware. (Shipping to Canada add $25, International add $50 to pledge amount)

[Nikonfan]

Thanks Abel. Now it makes sense.

[ggeen]

Abel. Thanks for the explanation on how Kickstart works. I wish I knew about something like that back when I adapted a water bottle cage to mount on a crutch.

Many years back I broke my leg mountain biking. Just getting a glass of water from the kitchen to the living room was impossible. I adapted a water bottle cage from my bike to attach to one of my crutches. I then just filled a water bottle, put it in the cage and I was able to move about with easy. All the doctors and nurses at Baylor Medical Center loved the concept.

[r0xikat]

I saw this a few months ago when the total was maybe.. 30 or 50k. My friend showed me when he bought one. good to see it's going strong!

[Abel]

they got a nice plug in todays Apple press conference...

apple introduced 16 new clock faces...

[Cajungaltx]

I'm assuming that you will get the watch piece that you paid for - IF - they actually get made. Is there a money back guarantee if they aren't able to actually produce the item that they suggested that they would?

[ggeen]

You are not paying for a product, you are investing in a start up. So if the product never makes it to market, then no, you would not receive the "bonus". I look at it as a dividend.