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Reply To: Kickstarter: Wowstick – Powered pin vice for hobbying?

April 9, 2021 at 6:14 pm #1634083

limburger

21711xp

First red flag : kickstarter project type

It is an electronics project. Even with a fully functional prototype things can go wrong very quickly.

Second red flag : estimated cost
They ask for 5000 $ and have 3 people working … what the heck are they going to do if they encounter setbacks ?
What exactly are backers paying for ? Effective cost must be ridiculously low if they can sell a 50$-ish item and have money to produce +/- 100
I kind of doubt margins on this kind of product are that good … the Chinese would be flooding the market if that were true 😉
Remember : they only have a prototype at this stage !

Third red flag : status and quality of previous projects.
Similar ideas (battery powered gadgets) and backers complaining about not receiving product as well as low quality.

Final red flag : the competition
Dremel Lite 7760
2 hours battery life
https://us.dremel.com/en_US/products/-/show-product/tools/7760-dremel-lite-cordless-rotary-tool
Do they really think they can compete with *that* ?
I doubt they can do anything other than cardboard …

https://shop.dremel.com/dremel-lite-7760
50$ …

If it sounds too good to be true … it probably is.
You can not break the laws of physics and they’d have to break at least one to make this a useful gadget when you look at the competition who have been making this type of tool for more than a few years.