Post
Topic
Board Service Discussion
Re: Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence
by
crazy_rabbit
on 20/09/2012, 16:52:49 UTC
To be honest- at this point BFL is a functioning company with R&D costs like any other. If this new revelation explains anything, I think it more  likely explains why they needed to offer pre-orders: with a history of Mail Fraud it might be impossible for BFL to get outside venture capital, or even borrow money from the bank, thus the community pre-order's bankroll the next iteration of equipment.
Inaba stated that that preorders were not used to fund development and that outside investments (VC, etc) were taken.
Ah. Hmm, there goes that theory I guess! :-)