Thread: Helix Update?
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Old 02-11-19, 10:42 AM
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Originally Posted by berlinonaut View Post
Well, the 10k-claim/assumption came from you... Let's take the 51k then: For at least 2 of the 3,5 years he did not have employees as far as I know.
According to his timeline, he should have started setting up the factory / adjust component / adjust design by September 2015, which all need manpower. What have he done for two years then?

Originally Posted by berlinonaut View Post
Let's assume your 6 people as current and possibly less before the actual "completing the bikes" phase started - 2 people?
What I am saying again is that such a few people cannot make "a new paradigm for bike manufacturing and value proposition".

Originally Posted by berlinonaut View Post
Plus in a startup typically there are lower wages than average.
You need to pay enough to hire good people, whether it is a startup or not.

Originally Posted by berlinonaut View Post
Even 6 people at 51k$ each for 3,5 years would equal 6*3,5*51.000$ = 1.070.000$ - about half of what he got in backings and definitvely far more people in your assumption than he employed in reality.
He still need to get the equipment, lease the space, buy parts for >1,000 bikes, make the frame, assemble the bike and ship them with the money.

Originally Posted by berlinonaut View Post
Fascinating how you still believe the whole thing would be a scam though the bikes get actually delivered right now.
Delivering a handful of bikes does not prove that his business is actually sustainable.

Last edited by Raxel; 02-11-19 at 10:48 AM.
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