Quote from: c2m on June 04, 2014, 05:56:45 PM

Quote from: Syke on June 04, 2014, 05:25:32 PM

Nice generic names. So who are you, really? Facebook, LinkedIn, anything? Are you an cutives/038283.htm]EVP of Oracle? Are you a dead heavy metal drummer? Are you a basketball player?

+1 !!

Hi Novello - please let us know:
1) You state that your miners will be covered by 2y warranty YES/NO?
2) You state that your team have extensive exp. but fail to introduce key people in your team - I do not need CVs, but as all here said, what is your exp. in related fields - at least business & tech fields (any previous successful businesses /or relevant employers) ? Even significantly smaller projects on IGG care to introduce their teams shortly...
3) You go for 4 mil USD IGG campaign & said there, that you expect to need at least 1mil for chip R&D - yet you go for flexible funding option on IGG - which means you will take whatever money raised - what will you do, when you have not raised targeted 4 mil ? Will you close business ? Or do you have some risk management plan for this ? And what about your customers - will you refund them ? Whats the plan here ? Did not see it on your campaign page...
4) Last one - will you offer full refund, if you are not able to start delivery by late December ? Will you commit to this or offer any other compensation ? Again not a word about it in your post or on IGG campaign page.

Thank you very much in advance for honest reply and good luck with your IGG campaign!

Thanks for your very pertinent post, I'm please to answer what i can at present:

1. Yes, warranty is 2 years. If you look at the section about the chip, you'll see that our design spec is for maximum die temperature of
   75C. That should ensure the chips have a long lifetime.

2. Please see our earlier post about this. Our engineers have extensive experience in mil/aero systems design and in industrial control, to
   name but a few. Problem is, you can never really trust what people say about themselves online, can you? We expect people to look at
   our whole proposal, not just one bit. It's not all about the chips, this is a carefully thought out and structured plan.

3. We have set a target on IGG to show what need to do the job properly. We are trying to source funds from other avenues to supplement
   this, including funds of our own. It won't come as any surprise to anyone that's read our plan that we have worked out several options if
   we don't reach our target. Before we did anything including drawing down the IGG funds - we don't get funds until after the campaign
   ends - we'd go to our customers with these different plans and ask their approval to proceed. If they say no, then we don't take the
   money, simple as that.

4, We have targeted delivery for the end of December as you say. Naturally as engineers we have built in some padding in our timescales
   to allow for the inevitable problems that will appear. We will keep our contributors and other customer fully informed about what we
   are doing, good and bad, just as we did in our plan, but if there was going to be a substantial delay then we would give customers an
   option to cancel and get their full payments back.

If you would like any further information, please feel free to ask or email us directly.