Take A Look Inside The Video Spy Glasses That Conquered Kickstarter

Tangentially related to this story, are there any legal requirements that Kickstarter projects have to adhere to? What is to stop someone from pitching an awesome project idea, obtain funding and just walk away with the cash?

"I have two profoundly different takes on this video. Take one: “Ok, I can see how these components will work together, and I can see how they could fit well into the frame they’ve selected.” Take two: “Wait, seriously? You don’t even have a prototype yet? Not even a sloppy prototype? You’re just showing me a bunch of parts and telling me you’re going to make magic with them. WTF?"

Is this really that surprising? Diaspora raised 200k+ without many lines of code.

As someone who is familiar with consumer electronics startups, I think their Winter 2011 expected shipdate is too aggressive. It's a great concept, their component timing is pretty good (just look at the teardowns for the EyeFi to see how crazy surface mount tech is these days). But be wary of companies that accept payment before demonstrating a working prototype.

I can't tell if the video is perpetually out of focus or if the quality is just incredibly down-scaled. Perhaps the uploader intentionally chose latter as a result of the former.

He's awfully skeptical considering he was one of the people who donated.