Your right, I totally missed that bit. And I agree strongly that the execution risk here incredible. I'll add them to the Ouya and Pebble guys of people who've bitten off way more than they expected.
Say what you will about Ouya but I believe that Pebble will deliver. Allerta isn't a fly by night maker team. They are real company and have already made a smart watch product, the inPulse smart watch. I ordered one when they offered their special pricing here on HN and was pretty happy with it. Sure it has it's short comings but it seems like a good start and I feel that Pebble will deliver.
To be completely clear here, there will be Kickstarter successes, people who raise hundreds of thousands if not millions of dollars and deliver brilliantly. If only one in 10 post funding million dollar projects blows up, that one will dominate the story people hear about Kickstarter. Three of four of those, especially if a couple of their big failures turn out to be fairly obviously scammy, and that will be the end of this grand experiment.
Couldn't agree more. I think this actually already occurring. I have funded 13 projects since January, 2012 and in the 9 months since I have funded those I have only received 2 of them. This already makes me hesitant to fund more projects. I think that the slow production cycle and constant push backs will cause people to fall off from funding lots of projects.
