Funded! This project was successfully funded on July 8, 2012.

Update #2

18 Days to go.

Comment

I wanted to take the time to provide an update on things.

First, I wanted to comment on the recent slowdown in new backer growth.

The campaign has definitely slowed down but new backers continue to pledge every day, and as you know things can turn around very quickly on Kickstarter, so I’m confident there’s plenty of time to reach my goal.

I’ve been busy promoting the Kinkajou in my home town and all over the Internet. It’s been picked up by another blog and a large corporate newsletter here in my home town. I have a meeting this week to demo it to a local entrepreneur with a large following (this should help).

I’m also still hopeful that Kickstarter will make it a staff pick, which I think would bring enough attention to this project to ensure its success. Hint, Hint J

Secondly, it’s been great interacting with the various backers. I’ve received many emails from you with great feedback on the Kinkajou and I’ve also received a broad range of questions that I will share in this update.

Here are the some of the more popular questions.

Why am I looking for 75k and could I launch with less?

When I created this project, the most difficult decision was how much money to ask for. Asking for a smaller amount would help ensure the project got funded but could potentially put me at risk of not being able to deliver a product with the quality I envisioned. If I asked for too much the project could go nowhere.  After much deliberation I decided that I did not want to compromise the quality of the final product even if it meant that the project would not get funded. My asking for 75k is based on a Breaking-Even Model that allows for a large enough production run to take advantage of the economies of scale. By the time you subtract the 7% to 9% for Kickstarter and Amazon, the cost of the master mold, all the additional 30 + parts, the shipping cost, the assembly cost,  the additional cost of only using the highest level of quality parts, there is not much left over for unforeseen expenses.

My initial order will not be large enough to justify having it manufactured in China so I’m having the body manufactured in the United States. There is a higher cost to doing it this way but until the quantities are large enough I don’t have much of a choice. 

I guess we will know in 18 days if this was the correct strategy but the last thing I wanted was to get funded and deliver a crappy product.

Why did I pick 30 days and not 60 days?

This is my first Kickstarter project and therefore had no experience in the pro’s and con’s of asking for more time. The Kickstarter site recommends “that projects last 30 days or less. Shorter durations have higher success rates, and will create a helpful sense of urgency around your project.”

I took this advice and selected 30 days.

I really want to see this project funded, how can I help?

I think the biggest thing this project needs is exposure. That’s why I’ve been asking all backers to hit the like button under the pitch video. Also, if you have ideas on ways I can promote this project please send them to me.

I will be positing these questions / answers and others in the FAQ section of the project.

Thanks again for all your support.

Pat

1,087
Backers
$80,946
pledged of $75,000 goal
0
seconds to go
  • Pledge $1 or more
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    47 backers

    Pledge $1 or more, Thank You! I really appreciate your help! For your generosity you will get access to backer exclusive updates and notifications.

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    100 backers All gone!

    EARLY BIRDS!!! Help me get started. The first 100 backers of this reward will get one STANDARD KINKAJOU KIT (includes one Kinkajou bottle cutter in Bright White or Deep Black and one Standard Finishing Kit*). Includes shipping to the continental USA and Canada. (Add $15 for international shipping). (Add $15 to upgrade the Finishing Kit to the Deluxe Edition or $30 to upgrade the Finishing Kits to the Premium Edition) *See main text for Finishing Kit details.

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    388 backers

    STANDARD KINKAJOU KIT - COLOR VOTING OPTION !!! (includes one Kinkajou bottle cutter in the number one voted color and one Standard Finishing Kit*) see main text for details. Includes shipping to the continental USA and Canada. (Add $15 to upgrade the Finishing Kit to the Deluxe Edition or $30 to upgrade the Finishing Kits to the Premium Edition) (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    208 backers

    STANDARD KINKAJOU KIT (includes one Kinkajou bottle cutter in Bright White or Deep Black and one Standard Finishing Kit*). Includes shipping to the continental USA and Canada. (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    144 backers

    DELUXE KINKAJOU KIT (includes one Kinkajou bottle cutter in Bright White or Deep Black and one Deluxe Finishing Kit*). Includes shipping to the continental USA and Canada. (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    105 backers

    PREMIUM KINKAJOU KIT (includes one Kinkajou bottle cutter in Bright White or Deep Black plus one Premium Finishing Kit* with Starter Stencils / Bottle of Glass Etching Cream). Includes shipping to the continental USA and Canada. (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    35 backers

    TWO STANDARD KINKAJOU KITS (includes two Kinkajou bottle cutters in Bright White or Deep Black and two Standard Finishing Kits*). Includes shipping to the continental USA and Canada. (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    12 backers

    TWO DELUXE KINKAJOU KITS (includes two Kinkajou bottle cutters in Bright White or Deep Black and two Deluxe Finishing Kits*). Includes shipping to the continental USA and Canada. (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    26 backers

    TWO PREMIUM KINKAJOU KITS (includes two Kinkajou bottle cutters in Bright White or Deep Black plus two Premium Finishing Kits* with Starter Stencils / Bottle of Glass Etching Cream). Includes shipping to the continental USA and Canada. (Add $15 for international shipping.) *See main text for Finishing Kit details.

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    5 backers

    RETAIL STARTER KIT - You will receive 10 STANDARD KINKAJOU KITS - 5 Bright White, 5 Deep Black. A discount of 20% off MSRP. [Freight shipping to be paid for by the backer, based on location]

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    0 backers

    FULL RETAIL KIT - You will receive 50 STANDARD KINKAJOU KITS - 20 Bright White, 20 Deep Black, 10 in the #1 voted color. A discount of 30% off MSRP. [Freight shipping to be paid for by the backer, based on location]

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    3 backers

    DISTRIBUTOR KIT - You will receive 100 STANDARD KINKAJOU KITS - 40 Bright White, 40 Deep Black, 20 in the #1 voted color. A discount of 40% off MSRP. [Freight shipping to be paid for by the backer, based on location]

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Funding period

- (30 days)