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Geek Pulse: Geek desktop DAC/AMP by Light Harmonics - Page 13

post #181 of 12011

From what I can tell.. Light Harmonic builds their most popular (and accomplished) product to date, the Da Vinci DAC, by hand.  This is something they're able to do in house due to the cost of the DAC ($30K?) and the smaller/more manageable demand.

 

They wanted to develop a DAC/amp 'for the masses'.. and something that's much smaller in size.. which means SMD parts and such.. so they need enough 'backers'/capital to make mass production of the Geek products a reality (opposed to building each Geek Out/Pulse unit by hand, in house).  So, the crowd sourcing campaigns' intent is to raise money so they can produce the Geek Out/Pulse in (relatively) large volumes via mass production techniques.

 

..or so I gather.

post #182 of 12011

You are almost certainly misreading their contribution site.  Yes - it IS more of a "preorder" thing.  They are using the money to develop the product - it is prototype only at the moment (and when it is in production it will retail for $500).  You get the benefit of a lower price, but assume certain risks - one of which is that the product might never come to fruition.  The company benefits by getting funds to establish tooling etc. up-front.  This is becoming a more common arrangement.  Surely you have heard of "Kickstarter" before ?

 

Contributions of $1 are just contributions, at the moment a contribution of $249 will get you one of the final products.  Contributions of $50 or $100 get you a "gift card" to purchase the product when it is finally available for (nominally) $349 instead of $500, then MINUS the $50 or $100 you have already contributed.  I promise you, it makes far more sense than you are thinking at the moment.  I'd re-read the website (especially the sidebar on the right) again.


Edited by NinjaHamster - 11/5/13 at 2:30am
post #183 of 12011
Thread Starter 

Hi Guyz!

 

Just sent and been received, our ongoing polls (as of 05-Nov-2013)  to the Geek Pulse Team.

 

Sorry that we could not edit our poll to reflect various changes/additions.

 

However we could still convey out thoughts here, or through their IGG page, or directrly thru geekpulse@lightharmonic.com

 

Thanks!


Edited by m-i-c-k-e-y - 11/5/13 at 4:45am
post #184 of 12011
Quote:
Originally Posted by m-i-c-k-e-y View Post

Hi Guyz!

Just sent and been received, our ongoing polls (as of 05-Nov-2013)  to the Geek Pulse Team.

Sorry that we could not edit our poll to reflect various changes/additions.

However we could still convey out thoughts here, or through their IGG page, or directrly thru geekpulse@lightharmonic.com

Thanks!

Thanks for the efforts! This is one problem with polls, since they cant be changed mid stream. They can end up not reflecting what people really want. This happened with the HifiM8. Somehow a mini xlr was left off of the original choice list for balanced out and it turned out the had it been there a good number of people would have picked it over other choices that ended up going to production.
Edited by FraGGleR - 11/5/13 at 6:00am
post #185 of 12011
Quote:
Originally Posted by FraGGleR View Post


Thanks for the efforts! This is one problem with polls, since they cant be changed mid stream. They can end up not reflecting what people really want. This happened with the HifiM8. Somehow a mini xlr was left off of the original choice list for balanced out and it turned out the had it been there a good number of people would have picked it over other choices that ended up going to production.


They mentioned that they were setting up their own website with polling. They were looking to have it live sometime this week. Hopefully, with a good starting point here, they can flush out what is possible at their price-point and get more accurate results. 


 


Edited by Zoo Animal - 11/8/13 at 9:24am
post #186 of 12011

What about the power supply?  Just a wall wart?

post #187 of 12011

I think it's anyones guess at this point. My guess is that it will come standard with a SMPS (wall wart) and you will have the option to upgrade to linear power supply once the campaign has ended and they send out backer kits. Similar to what they did with the small Geek Out and upgrading it to super or super-duper.

post #188 of 12011
Quote:
Originally Posted by Asr View Post
 

 

Ok that makes sense, and if that's true, then I totally mis-read their contribution site. Seems like it's more of a pre-order going on then?

 

I still don't get what it is that people are "contributing" to though, and why I should bother to contribute $1. What are they doing with the $1 and all the other money that they're taking upfront? Why does a company need "contributions" from the consumers that it's selling to? It still just seems really odd to me. Is the Geek Pulse still a prototype or is it in production?

 

I've just never heard of a company taking this level of money upfront for anything before, and if I were to "contribute" anything I'd sure want to know what they're doing with my money for 6 months!

Yep I agree, which is why I don't "invest" in vaporware. Until the product actually ships out, that's all it is. That may sound harsh, but it is what it is, and going the crowdfunding route from a business such as this is borderline IMO.


Edited by brunk - 11/5/13 at 8:08am
post #189 of 12011
Quote:
Originally Posted by NinjaHamster View Post
You are almost certainly misreading their contribution site.  Yes - it IS more of a "preorder" thing.  They are using the money to develop the product - it is prototype only at the moment (and when it is in production it will retail for $500).  You get the benefit of a lower price, but assume certain risks - one of which is that the product might never come to fruition.  The company benefits by getting funds to establish tooling etc. up-front.  This is becoming a more common arrangement.  Surely you have heard of "Kickstarter" before ?

 

So if "the product might never come to fruition", everyone is effectively funding vaporware, as stated above? That makes absolutely no sense to do and I think I'm going to keep my money until the product is out.

 

No I've never heard of Kickstarter before, but honestly this whole thing still just seems completely ludicrous to me. If Light Harmonic needs venture capital, there are venture capitalists for that, I don't know what makes them entitled to ask consumers for money and why anyone with a sane mind is giving them hundreds of dollars without knowing for certain that the product will come out next year, or at all.

post #190 of 12011

Well, that is the whole point of these types of fund-raising sites... to bypass the venture capitalists. Usually it is for people who have an idea but not the means to bring it to fruition. In this case it is an established company, so I think they certainly could have raised the money in more traditional ways. However, taking the money and not delivering would be corporate suicide for the company and the reputation of its founders, so I wouldn't be overly worried. But those averse to any risk might want to stay away.

post #191 of 12011
Quote:
Originally Posted by Asr View Post
 

 

So if "the product might never come to fruition", everyone is effectively funding vaporware, as stated above? That makes absolutely no sense to do and I think I'm going to keep my money until the product is out.

 

No I've never heard of Kickstarter before, but honestly this whole thing still just seems completely ludicrous to me. If Light Harmonic needs venture capital, there are venture capitalists for that, I don't know what makes them entitled to ask consumers for money and why anyone with a sane mind is giving them hundreds of dollars without knowing for certain that the product will come out next year, or at all.

You have every right to not to back it and eventually pay the $500 retail for the unit if you choose. They are giving an incentive in exchange for early backing.

 

It is in the best interest of the company to actually deliver a product, and they have done so successfully in the past. How is that ludicrous? Nothing in life is guaranteed.

 

I applaud having the choice to back them, or decide on paying retail later, instead of having no choice and paying retail. I also applaud the fact that they use backer's input to improve upon the final design. This is how many small start ups will begin, because most "venture capitalists" could care less about such start ups.

post #192 of 12011
Quote:
Originally Posted by Asr View Post
 

 

So if "the product might never come to fruition", everyone is effectively funding vaporware, as stated above? That makes absolutely no sense to do and I think I'm going to keep my money until the product is out.

 

No I've never heard of Kickstarter before, but honestly this whole thing still just seems completely ludicrous to me. If Light Harmonic needs venture capital, there are venture capitalists for that, I don't know what makes them entitled to ask consumers for money and why anyone with a sane mind is giving them hundreds of dollars without knowing for certain that the product will come out next year, or at all.

well its america, and no one is making anyone do anything, no arms being twisted. we all have the option of saying no.

i can just speak for myself, its kinda fun. i've certainly wasted more money on something fun before.

hell, one meal for two at a nice restaurant can be more than that.

now having said that, i would really hate to throw away $300-$400 and not get  product.

i feel that an established company, who hand builds $30k dac's to order, who is well known in the hi-fi industry,

and hopes to sell more of them, isn't going to leave a bunch of folks flapping out in the wind.

i've been wrong before, and some folks have said i'm not quite sane.

to each his own , and its just for fun, its a hobby, no big deal, just my $.02,

post #193 of 12011
Quote:
Originally Posted by bhazard View Post
 

You have every right to not to back it and eventually pay the $500 retail for the unit if you choose. They are giving an incentive in exchange for early backing.

 

It is in the best interest of the company to actually deliver a product, and they have done so successfully in the past. How is that ludicrous? Nothing in life is guaranteed.

 

I applaud having the choice to back them, or decide on paying retail later, instead of having no choice and paying retail. I also applaud the fact that they use backer's input to improve upon the final design. This is how many small start ups will begin, because most "venture capitalists" could care less about such start ups.

Big +1 to this.

I have backed a couple of dozen Kickstarters. Of those who have funded none have failed to deliver (being late is common but so far no actual defaults - even in cases where issues arose in production).

Of course it isn't guaranteed but neither is the stock market. I consider it as an investment (and in fact that is how it is usually presented).

post #194 of 12011
Quote:
Originally Posted by bhazard View Post
 

You have every right to not to back it and eventually pay the $500 retail for the unit if you choose. They are giving an incentive in exchange for early backing.

 

It is in the best interest of the company to actually deliver a product, and they have done so successfully in the past. How is that ludicrous? Nothing in life is guaranteed.

 

I applaud having the choice to back them, or decide on paying retail later, instead of having no choice and paying retail. I also applaud the fact that they use backer's input to improve upon the final design. This is how many small start ups will begin, because most "venture capitalists" could care less about such start ups.

 

The ventures capital comes with huge strings, typical majority shares and fingers deep into daily running of the business. Profit motive will always come before quality design in these cases. There are actually very few independent equipment manufactures left around. Many of these have been sold off to venture capital and carry little left of the original product except exterior design, name badge and high retail prices.

 

Myself, I wouldn't fund every project the comes along through crowd funding but this seems like a natural for audio between gauging support, getting some feedback before production actually begins and keeping original design intent intact. You are directly voting with your dollars without the typical static of funders, distributors and retailers all having their say.

post #195 of 12011

Ok I'm starting to understand why some of you have decided to contribute. The counter-arguments are valid and would be compelling but I for one will not give them any money until the Geek Pulse is out next year.

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