11-05-2013, 10:29 PM
#1
  • Teiste
  • Moderator Emeritus
  • Salt Lake City,UT
User Info

Seems like a good project and a good cream. Hope he can make it. The more options , the better !

86 7,124
Reply
 11-05-2013, 10:51 PM
#2
  • tgutc
  • Senior Member
  • Michigan
User Info
It seems like he is actually trying to put a solid product in mass market and working to spread traditional shaving. I would try it.

45 3,955
Reply
 11-05-2013, 11:28 PM
#3
User Info
Is this a kickstarter campaign?

9 2,988
Reply
 11-06-2013, 01:12 AM
#4
User Info
It's Indiegogo, same concept as Kickstarter.

10 2,062
Reply
 11-06-2013, 02:55 AM
#5
User Info
(11-06-2013, 01:12 AM)taborcarn Wrote: It's Indiegogo, same concept as Kickstarter.


For those wondering the difference.

With Kick Starter if they do not reach their goal, all of the money pledged reverts back to those who pledged it.

With Indiegogo, all the money that is pledged goes to the campaign, even though their goal was not reached.

4 309
Reply
 11-06-2013, 04:28 AM
#6
User Info
No...he owns and operates a business. He should seek capital through other means than donation. I would help him out by buying and trying his product

2 697
Reply
 11-06-2013, 06:59 AM
#7
  • Johnny
  • Super Moderator
  • Wausau, Wisconsin, USA
User Info
Simple answer, NO.

173 23,559
Reply
 11-06-2013, 09:06 AM
#8
  • bullgoose
  • The Enabler
  • Redondo Beach, California, U.S.A
User Info
Absolutely not!!

45 16,364
Reply
 11-06-2013, 09:09 AM
#9
  • Teiste
  • Moderator Emeritus
  • Salt Lake City,UT
User Info
(11-06-2013, 02:55 AM)hudson Wrote:
(11-06-2013, 01:12 AM)taborcarn Wrote: It's Indiegogo, same concept as Kickstarter.


For those wondering the difference.

With Kick Starter if they do not reach their goal, all of the money pledged reverts back to those who pledged it.

With Indiegogo, all the money that is pledged goes to the campaign, even though their goal was not reached.

Right.I thought that Indiegogo worked as kickstarter. I should have researched.That raises a red flag , to be honest !

(11-06-2013, 06:59 AM)Johnny Wrote: Simple answer, NO.

(11-06-2013, 09:06 AM)bullgoose Wrote: Absolutely not!!

Is it because what Taborcarn have explained of there is another reason behind ?

86 7,124
Reply
 11-06-2013, 09:27 AM
#10
User Info
I would have to say no too.

6 358
Reply
 11-06-2013, 10:12 AM
#11
  • Johnny
  • Super Moderator
  • Wausau, Wisconsin, USA
User Info
(11-06-2013, 09:09 AM)Teiste Wrote:
(11-06-2013, 02:55 AM)hudson Wrote:
(11-06-2013, 01:12 AM)taborcarn Wrote: It's Indiegogo, same concept as Kickstarter.


For those wondering the difference.

With Kick Starter if they do not reach their goal, all of the money pledged reverts back to those who pledged it.

With Indiegogo, all the money that is pledged goes to the campaign, even though their goal was not reached.

Right.I thought that Indiegogo worked as kickstarter. I should have researched.That raises a red flag , to be honest !

(11-06-2013, 06:59 AM)Johnny Wrote: Simple answer, NO.

(11-06-2013, 09:06 AM)bullgoose Wrote: Absolutely not!!

Is it because what Taborcarn have explained of there is another reason behind ?

That's part of the reason. Most folks go to the bank to get their venture capital to grow their business. You borrow the money, you make the product, and you sell the product to repay the loan and eventually make a profit.

You just don't raise funds this way, IMHO.

173 23,559
Reply
 11-06-2013, 10:56 AM
#12
  • Teiste
  • Moderator Emeritus
  • Salt Lake City,UT
User Info
(11-06-2013, 10:12 AM)Johnny Wrote:
(11-06-2013, 09:09 AM)Teiste Wrote:
(11-06-2013, 02:55 AM)hudson Wrote: For those wondering the difference.

With Kick Starter if they do not reach their goal, all of the money pledged reverts back to those who pledged it.

With Indiegogo, all the money that is pledged goes to the campaign, even though their goal was not reached.

Right.I thought that Indiegogo worked as kickstarter. I should have researched.That raises a red flag , to be honest !

(11-06-2013, 06:59 AM)Johnny Wrote: Simple answer, NO.

(11-06-2013, 09:06 AM)bullgoose Wrote: Absolutely not!!

Is it because what Taborcarn have explained of there is another reason behind ?

That's part of the reason. Most folks go to the bank to get their venture capital to grow their business. You borrow the money, you make the product, and you sell the product to repay the loan and eventually make a profit.

You just don't raise funds this way, IMHO.

Yeah , I do agree with that.As I said , I thought that Indiegogo worked like Kickstarter. Now that I know the difference , no thanks.

86 7,124
Reply
 11-06-2013, 01:59 PM
#13
User Info
That business model sounds like it's trying to make Angel investors out of normal folks, but without the large returns on investment, it doesn't work. Also, with angel investors, they won't invest until the funding goal is reached as well. Not to mention the investors take a huge chunk of ownership.

9 2,988
Reply
 11-06-2013, 08:28 PM
#14
User Info
Viewing his website, it seems as though he has enough capital to make the cream and then sell it to individuals if he really wanted to spread the word about his cream. Isn't that how all small artisans do it. To me, the ad just seems a bit too slick, but to each their own!
I would like to know the ingredients' list, though.

75 20,884
Reply
 11-06-2013, 09:03 PM
#15
  • bullgoose
  • The Enabler
  • Redondo Beach, California, U.S.A
User Info
(11-06-2013, 08:28 PM)celestino Wrote: Viewing his website, it seems as though he has enough capital to make the cream and then sell it to individuals if he really wanted to spread the word about his cream. Isn't that how all small artisans do it. To me, the ad just seems a bit too slick, but to each their own!
I would like to know the ingredients' list, though.

Yes, it just does not pass the "smell test".

45 16,364
Reply
 11-12-2013, 10:01 AM
#16
User Info
There are plenty of genuinely poor entrepreneurs in the third world to help out through donations to organizations like Kiva http://www.kiva.org/, but for a media savvy guy who makes t.v. appearances to solicit funds from strangers to launch his business? Something smells fishy here.

0 225
Reply
 11-12-2013, 10:08 AM
#17
  • Agravic
  • Emeritus
  • Pennsylvania, USA
User Info
I agree, Michelle.

There is something inherently ungenuine about this whole routine ... a rather slick and well-crafted plea for someone who's in 'need'. Makes one wonder how this fellow defines 'need'.

There are many legitimate causes out there that will get my money before shysters like this do.

102 17,672
Reply
 11-12-2013, 12:12 PM
#18
  • MaxP
  • Senior Member
  • Madison, WI
User Info
I would "just say NO".

47 1,382
Reply
 11-12-2013, 12:35 PM
#19
User Info
Don't think I'll be doing this, just seems to "scammy" to me.

4 952
Reply
 11-18-2013, 07:59 AM
#20
User Info
NO, but I might try his product.

18 201
Reply
Users browsing this thread: 1 Guest(s)