Ingenuity Powder System

Im an early stage VC in very advanced medical technology and software with some very large corporate partners. We have some amazing innovators in our portfolio but we rarely keep the CEOs, who are all highly technical and scientists. Most of our nightmares are self inflicted failures are due to poor management by founders who refuse to step aside and we no longer invest founders arent willing to do so if needed.

As it relates to IP - I do wish Paul would fill people in on whats going on - but thats up to him. I have the Hybrid system and will buy the powder drop when it's available - so it really doesnt matter what he does. I would do it differently but I also dont invent things, thats not my skill set, so my mind works different - not better or worse - just different. In his case if he's just waiting on a machine to be fixed still - not much he can do - other than tell people whats going on and offer the system as it stands with the ability to just buy the dropper without the electronics and motor later. That being said, have no idea what his production is like or if this is even feasible or even worth it. If this system works as intended - he will sell a lot of them regardless of whats going on.
So it sounds like your experience with tech start up founders is identical to mine.

In his case if he's just waiting on a machine to be fixed still - not much he can do
Well, I'm not sure I agree. Prob too late in the game to do anything, but one of the tenets of product development PM is risk identification and mitigation plans. In the case of this one man company and a small project, that would in large part be identifying manf risks (like your machine is broken) and setting up alternate parts sources for a relatively simple manf. machining job.

As it relates to IP - I do wish Paul would fill people in on whats going on - but thats up to him.
Yes, it certainly is up to him but it is also certainly a valid point of criticism.

Cheers
 
According to a Mr. Mercury it's been kicked all over the place.
In all seriousness: The massive lack of conversation is still something that I've seldomly seen before. I'll see if I can drop him an email and if he responds I'll circle it back here.
 
:ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO:

What a joke. Glad I got in on that preorder 3 years ago. 💀
I was dead set on the thought that it was definitely just in 2023 and thus only 2 years ago but you're totally right - we are nearing the 3 year mark and the "It's finally here" by F Class Gavin was on July 3rd 2024. Dang...
Direct quote from his reply:
It will be around the end of November for your order number
Emphasis is mine.
 
September and October just skipped over like they aren’t even months

Website unupdated like it’s not even there

People left in silence like there’s not even sound
Inelastic demand is a cruel mistress.

Everyone bitching will still open up their wallets...next year....and he knows it.
 
Honestly I follow this to see the delays stack up. I gave up on it the first year when he told me end of summer first part of fall on the phone. Then it delayed late fall but once he said end of winter I bought a v4 instead. I dont know how a product that never made it to market has such a cult following. I think if everyone would stop supporting it maybe he would realize because it is horrible I can honestly say I've never seen anything like this
 
I know you like and have your V4 tuned but I'm telling you it is no where near the V3 with the IP electronics...EVERYTHING with the V3/IP set up is easier and faster from set up to tear down.
I am sure that is true. However, many folks cannot afford to just dump the V4 and put more $$ into another system. I have mine running well with aftermarket stuff I developed with MK machining. 8-10 seconds is as fast as I can make it go without overthrowing but that works with my process flow. I am kicking myself for selling my V3.
 
Honestly I follow this to see the delays stack up. I gave up on it the first year when he told me end of summer first part of fall on the phone. Then it delayed late fall but once he said end of winter I bought a v4 instead. I dont know how a product that never made it to market has such a cult following. I think if everyone would stop supporting it maybe he would realize because it is horrible I can honestly say I've never seen anything like this
It's because the IP trickler is absolute money; so the following will gladly pay $600+ for the bulk dropper and the 1980s 10-key, I guess.

I'm sure it will be the best thing out there, so there's that, also.
 
It's because the IP trickler is absolute money; so the following will gladly pay $600+ for the bulk dropper and the 1980s 10-key, I guess.

I'm sure it will be the best thing out there, so there's that, also.
There is no proof it is the best thing out there though. If this was hornady people would be up in arms over it. What happens if something breaks is the wait going to be like this for replacement parts....... ive heard good things about the trickler but there is the printed precision now that works
 
I dont know how a product that never made it to market has such a cult following.
I think it's several things coming together.
  • Humans, and men particularly, are hardwired to seek out scarce resources. This is scarce. When/if it finally 'drops', loyal customers/watchers will feel like insiders, part of an exclusive club, rewarded for their loyalty. The anticipation of this stimulates the dopamine system, and especially when the drop is unpredictable, as this one is.
  • Sunk cost fallacy. People have an emotional/ego investment in this and are loth, as is human nature, to let that go and so allow that to affect their future decisions.
  • The extensive pretty machining is attractive. Just like blue- and red-coloured hose ends look good under the hood of a muscle car. Adds zero functional value, but significant perceived value. All the bits-and-bobs (symptom of poor design) look good.
  • So then we get inverse elasticity. It's a Gucci product (see above) and the value perception is high.
  • "It's almost here!" Like Charlie Brown, we want to believe that this time the football will not be snatched away, as trustworthy people project that trust onto others. Also stimulates the gambling behavior of "this pull of the lever will win!"
  • The demos look good. The concept - dropping instead of a rotating drum - is excellent. So it might work really well across many powders. Other things are good enough, but this appears to be better.
I don't think this is a deliberate strategy, I think it's a competency issue. But it's nonetheless effective.

There are emerging alternatives.
 
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Reality is that most who want this have probably already bought the available electronics and trickler and are using either a V3 or a manual dropper. We are just waiting for the bulk dropper. Right now I like the available system and it will be better.