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[ChuckT]

Originally Posted by som99

Bankrupt? How unlikely is that when they got 9.5 million dollars? Ive seen more unlikely scenarios with small scale productions driven by communities make it happen with a lot less money and production of less then 4k custom OMAP boards.
It's not like no one will take action and file a class action lawsuit when we are talking that mount of money?

You still have to pay the IRS, budget your time and money, understand complications, etc:

"Kickstarter can be a blessing to artists and entrepreneurs—sometimes too much of a blessing. Earlier this year, a slew of crowd-funded projects received money that was an order of magnitude more than requested. Such windfalls can turn a dream into a nightmare: They often bury ill-prepared creators and lead to manufacturing delays, lawsuits, defective products, and irate backers. Here are a few projects that got slammed with excess success."

http://www.wired.com/design/2012/07/...2&viewall=true

[Quote]
Printrbot: Your First 3D Printer
Deliverables: Brook Drumm, a web designer in Lincoln, California, wanted to make cheap 3-D printing kits.

Funding goal: $25,000

Amount received: $830,827

Complications: The IRS immediately smacked him with a $330,000 bill. "To be honest, there's very little money left," Drumm says. But try telling that to backers: "There's a crushing amount of customer support needed; they're just calling all day long."

[EndQuote]
-ibid.

[Quote]Complications: "We would have been more than happy to make a thousand watches," cofounder Eric Migicovsky says. They had orders for 85,000. The company went from three staffers to 10 and had to hire outside customer support.

End date: September ... maybe.
[EndQuote]

See the article:
http://www.wired.com/design/2012/07/...2&viewall=true

[ChuckT]

[Quote]
Pen Type-A
Deliverables: Brooklyn artist- designers Taylor Levy and Che-Wei Wang planned to produce a small run of sturdy, minimalist steel pens.

Funding goal: $2,500

Amount received: $281,989

Complications: The duo got orders for about 6,000 pens, not the planned 50. After meeting funding goals, they got a cease-and-desist letter from an alleged copyright holder, which required legal counsel. A trip to China revealed that the initial manufacturer was incapable of meeting product specs. Then a new manufacturer also proved unsatisfactory, requiring more legal counsel. "We made a lot of mistakes," Levy says. "I do get that people are frustrated."

[EndQuote]

http://www.wired.com/design/2012/07/...2&viewall=true

[som99]

Sure things can go down the drain because of many reasons, but looking at their team and background I think they might know a lill what they are doing. But sure things can still go wrong.
The thing that makes me think it will work out for them is their simple path, using Tegra 3 SoC's and going with android, just keeping it simple. But if it will become a commercial success only god knows.
Tho I do not know a lot about other part's besides manufacturing the hardware/case etc but those lines are quite straight forward.
Other Administrative parts I do not know jack about. But I still hopes it works out so I can get myself a toy to put Angstrom on

[ChuckT]

I work for a company that makes 12 million dollars a year. Sure, I have experience there but I don't run it. We've been having problems with our supplier and if you put me in charge, I couldn't do a better job. My company probably wouldn't put me in charge but what happens when you get someone with no experience in running a company doing it? Will they win or fail? Time will tell.

The OUYA looks like a development kit that someone else made. Sure, they have experience in some areas but does that translate into experience in running a company, supervising quality control in manufacturing and shipping?

I didn't invest in OUYA so I am not emotionally or financially involved. I hope it works out the best for everyone who invested.

The fact is that 33% of kickstarter tech is successful. That means over half or 77% failed. That means you can flip a coin and have better odds that OUYA will succeed.

[NovaCoder]

Looks like an interesting little console, I think we'll see quite a few of these cheap Android computers.

Something like this could be the final nail-in-the-coffin for traditional game consoles.

It's becoming more about online services and less about hardware now.

[persia]

It's basically the Android equivalent of an Apple TV.

[NovaCoder]

http://www.google.com/tv/

[persia]

Yeah, why as so many treating an Android TV as the second coming?