I don't know if he was actually involved in this project or not, but that was the one thing that made me think that this maybe wasn't 100% a scam?
Anyway, the implication they make in their pitch isn't that it's an open laser, but that it is a laser confined to a fiberoptic wire which leaks into the hair when pressed against it. Gustavsson has published some papers on this a few years ago in which he refers to the concept as a TRASER.
Of course, if this really is such a revolutionary advance, why go to Kickstarter to bring it to market? Why not traditional investors. Gotta be easier to get funding for a significant manufacturing outlay, right? Just to not have to sell a piece of the company? To justify that there is a market?
I personally don't have the background to make any judgments about this and I definitely don't understand the article he published, but I just thought it didn't completely fail the smell test.
The obvious benefit being that you don't actually have to give Kickstarter "investors" any money back.
Kickstarter = funding without having to give anyone a stake.
Shouldn't that make them have strong check and balances in place to help people funding these projects?
Here is the article -http://www.huffingtonpost.com/2015/06/11/feds-regulate-crowd...
I agree. But they can somehow force the hands of Kickstarter and its competitors to have some mechanism in place to protect consumers from contributing to such bogus projects. I looked at the Kickstarter page and it seems any creature can post and request their projects be funded. Some of the scam are poorly disguised while others are masterfully disguised such as the one for which the is thread is created.
This is pretty interesting, so what's stopping new startups to make apps and publish on kickstarter to avoid paying the investors back later? Also, why do these "investors", more like donors, so willing to throw their money at the screen?
Absolutely nothing, plenty of niche games are funded through Kickstarter.
> why do these "investors", more like donors, so willing to throw their money at the screen?
Because someone is promising to try to build a thing they want, that no professional investor is willing to fund.
They want to get the thing made and out the door before scrutiny from FDA types would cost them more money than the actual product dev.
Dunno, but people cash out all the time. Race car drivers endorsing crappy mass produced cars, etc. I'm especially critical of anyone nearing or at retirement age. There's a "give no fucks, give me easy money" attitude that kicks in around then, as well as worrying about taking care of those you love after you pass. Not to mention, these people being way past their prime and perhaps trying to chase old glories via questionable methods.
>why go to Kickstarter to bring it to market?
Lets assume the tech isn't all snake-oil. Maybe investors know things that Joe Blow Internet Geek doesn't. Concerns about safety, power usage, lawsuits, regulations, etc. This seems like a nice way to side-step informed investing and push all the high risk liabilities onto random schmucks.
Or its a "semi-scam." I watched the video of the prototype and its clear that its just cutting using a hot wire, which seems to be heated up via some kind of light source, perhaps a laser. Sure its a "laser" cut, but not exactly what people are expecting.
I don't find them all to be money-grubbing hucksters -- but rather more concerned about doing what's right. I think a lot of people at that age are looking at their legacy (kids, business, etc.) and want to have a positive impact. My mom is such an example: quitting her private industry work to spend her last working decade at a non-profit.
And working in the start-up world, I know a lot of people my age and younger that are willing to bend ethical rules too far to make a quick buck.
The fact that they didn't have a video of someone actually shaving was icing on the cake. The video "demo" that's on youtube is such bullshit I wonder what they thought they'd accomplish by posting it. Show me someone putting laser to face, someone with warts, pimples and less-than-smooth complexion. Then, maybe then, we can talk.