Hello Kickstarter supporters of Cirrus Cycles.
I have recently been appointed CEO of Cirrus and wanted to reply to you directly and respond to some of the posts I have seen coming to us.
We sincerely appreciate every Kickstarter supporter very much and realize the company would not be as far along as it is without your support in the beginning. The company has tried to spend the invested money it has received in the very best way to get a proven product to market as soon as possible and insure success in meeting its business plan objectives.
That said, I would like to apologize for some of the mis-communication and poor job of answering your posted questions more specifically. There was never any intention to mislead or suggest some action was being taken when it was not but things change in starting up a new company. As some of you may know, start-ups are very difficult and almost always take more time and money than initially planned. Speaking for the company now, we pledge to do a better job of responding to your posted concerns and to delivering your Kickstarter rewards as soon as possible.
I have accepted the challenge of leading the company, at the request of the founders, because I believe as most of you do I am sure, that the company has a great product, selling into a substantial market with opportunity for real success. It is very exciting and rewarding to be part of this type of product launch. And for those of you concerned that the management of the company should not be expanded or even paid before Kickstarter obligations are fulfilled completely, let me assure you that we are not! We have small equity stakes in the company but are not currently being paid without additional investment in the company. The founders have continued to support the company with their time and money to help move it forward at times of inadequate capital.
As previously stated, Cirrus has finally evolved the BodyFloat to a tested and proven design, ready for limited production in December 2013. Product made since that time has gone to industry market influencers to help build validity and credibility, to limited influential retail bike dealers to begin the task of establishing dealer sales base, to OEMs to evaluate the product for potential future partnerships and to limited Kickstarter fulfillment.
While we would like to use every unit produced to ship all Kickstarter rewards immediately, it would severely handicap the company’s probability for success going forward. We will continue to meet our obligation to you and send Kickstarter rewards as soon as possible and at this time are committing to ship at least 10 Kickstarter rewards per month until investment in our most recent Offering round allows us to increase that number. In an effort to be as fair as possible, we will ship in the order that initial support investment was received by us from you.
Thank you again for your support and patience and we look forward to getting you on the product you requested as soon as possible.
David Calapp, CEO
Cirrus Cycles Inc.