Originally Posted by
downtube
You paid $1300ish 3-4 years ago. I don't believe backers paid him enough to create a factory and hire his own employees. He claimed that he invested $1 million of his own funds into this project. Therefore I would not be so demanding.
Additionally Kickstarter rules are clear. He owes backers nothing.
I worked at a startup where early VC investors were worried about the company folding. So they constantly called and emailed everyone until it folded. Kinda ironic.....I would keep quiet and show some appreciation.
Thanks
Yan
So with your anecdote you are implying that the company you worked for went broke because the VC investors phoned a lot? Seriously? You do know the difference between correlation and causality right? Of course you do, you have a PhD in math. So here I just shake my head.
While it is true that Helix doesn't owe a bike to the original investors, they do have the right to question what is going on in the company as they are investors. They put capital into a company and at the bare minimum he owes them communication. If they are lucky they get a bike at the end of this. You say "show some appreciation" and I say, it goes both ways. Peter should show some appreciation by keeping his backers fully aware of what is happening in the company. They should not have to beg for information.