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57 points

From their FAQ, emphasis mine:

You shouldn’t get one if…

You need a perfectly polished smartwatch. This project is a labour of love rather than a startup trying to sell millions of watches. There may be some rough edges (literally). Things will get delayed. Some features will not be ready at launch. Things could break. Things could not last as long as you’d like. The only thing we can guarantee is that it will be awesome and a lot of fun! Every time you look down at your watch, you will smile

So yeah, I’d say your take is pretty accurate. At least they’re honest lol

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4 points

My concern isn’t that things will get delayed, it’s that I’ll give them my money and get nothing in return

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4 points

Understandable, which is why I’m choosing to not preorder. However, they also have a full refund policy that’s good until your unit is being prepared to ship, and several notifications leading up to that point. One of the best ways to handle preorders I’ve encountered.

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3 points

That’s. Uh… the entire idea of a kickstarter.

It may crash and burn. Don’t want that, don’t back anything on kickstarter.

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1 point

… so I shouldn’t use the CEOs history of bankruptcy and failed a Kickstarter when judging if I think it is going to succeed or not?

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1 point

Honestly that is something I’ve always been ok with on Kickstarter. But it’s 50% scams now of people who never intended to deliver anything in the first place and Kickstarter is taking a lot of steps to protect the scammers in this. The only reason I ever back anything on there anymore is because of campaigns by companies I trust will at least try. I trust Pebble will try, so I personally am very tempted.

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1 point

The idea is that you judge each Kickstarter venture on its likelihood of doing that vs actually delivering.

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