Billion $ net worth company creating kickstarter... - eviltoast

Philips has a net worth in the billions, $20.67 billion as of July 12, 2023. (Source link) Yet they decided to create a kickstarter, charging “early bird” buyers these earphones that’s designed for wearing while sleeping, basically the same as any other earphones, just slimmed down and cables running around your head.

What’s infuriating is that there’s dumbasses who actually gave them money to make a product ($500k million in total), so Philips is most likely not taking any risk making this, but will enjoy the profits.

The kickstarter - https://www.kickstarter.com/projects/kokoon/sleep-headphones/posts

I thought the whole point of a kickstarter was people with a product, but lacking the funds to get the project actually going getting a kick start to get going… Not for billion dollar companies to beg for cash.

  • Molochalter@lemmynsfw.com
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    1 year ago

    Of course they can, but why should they? There’s nothing to lose for them (or anyone really) if they crowdfund it instead. It’s essentially a preorder and market research.

    Like, you wouldn’t catch me dead paying into it but there’s nothing wrong with this strategy, until they steal the money and run, which they won’t because companies care about PR more than KS scammers do.