Equipment & Techniques > Cameras, Lenses and Shooting gear
Drama at F-Stop Gear
NancyP:
Too bad, because they have good products. I did do the women's shorter-torso pack Kickstarter project, which was predictably several months late.The F stop people did send out monthly updates on the status.
razrblck:
--- Quote from: dwswager on August 04, 2016, 08:49:18 am ---The signal was a company as old and established as F-Stop using Kickstarter! At this point, if generated revenues were not sufficient to fund development of a new product, then the company has a problem that Kickstarter is not designed to solve. Especially in light of the CEOs spendthrift ways.
--- End quote ---
Agree. Kickstarter and crowdfunding in general are a great asset for startups and new ideas, but a company that has been working for many years shouldn't rely on such an unpredictable form of funding for their product development.
It truly is a sign something up top isn't right, it implies they can't get funding from investors nor banks which means they are most probably in deep debt and nobody trusts them anymore.
I'm sure that if/when they close, someone else will quickly take their place.
brandtb:
Alan - thanks for posting this...nice to finally get some clear info. on it the issue. /Brandt
Paul2660:
What is even more disturbing, is that their website appears to still be taking orders for products that more than likely will never arrive. I have been trying to order a Shinn for almost 1 year now, and it's only been in stock 1 time, but in the wrong color.
Right now you can go through the entire order process, to where they ask for a card info, there is no mention of if they are charging now? or when the product is in stock.
Just curious, as if they do declare bankruptcy and re-structure, all of those orders will be lost to the person who ordered (that is if they charge the card).
Paul C
Zorki5:
--- Quote from: dwswager on August 04, 2016, 08:49:18 am ---The signal was a company as old and established as F-Stop using Kickstarter!
--- End quote ---
That, in itself, is not a sign at all.
Lots of established and very well-off companies use Kickstarter these days for extra publicity, not for funding, even though that's arguably a nice extra for them (and get criticized for doing so, as it undermines the whole idea...)
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