Wednesday, 19 October 2016

Chinese manufacturers taking Kickstarter ideas and selling them faster

10-1

Yekutiel Sherman invented a selfie stick that collapses into a smartphone case. He launched the project on Kickstater. Chinese manufacturers were selling it on Ali Express before Sherman's funding window closed.

From Fresh as Fuck:

Sherman was shocked to realize that the vendors were selling the exact copy of his product. Worse, they priced them for as low as $8 each, while his product was set at $47.41.

As a result, Sherman’s backers went into backlash, accusing him of cheating on pricing. The project, however, was able to raise $43,000 from their initial goal of $40,600 goal.



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