- Joined
- Mar 13, 2018
- Messages
- 1,981
- Reaction score
- 1,898
My guess or assumptions based on Mindstreams own testimony.
The Mindstream came about with 7 years plus of time invested and 10 million dollers of investers money on the line.
The inversters were not convinced by the amount of sales that actually occured once the unit was released. So the return on the investment or lack thereof had more to do with it. So the investers took the loss and moved on to something else more lucrative.
Mindstream basically stated this within the letter the wrote to its customer base.
I would not put blame on anyone here. This is nothing more than a buisness decision.
Can or should one blame the investors for no longer funding what they feel is a losing investment? Nope.
As far as the developers go, are they to blame? because of what? I cant fathome the costs associated with the mindstream, 10 million in my opinion was not enough from the start even if no salary was drawn.
The Mindstream came about with 7 years plus of time invested and 10 million dollers of investers money on the line.
The inversters were not convinced by the amount of sales that actually occured once the unit was released. So the return on the investment or lack thereof had more to do with it. So the investers took the loss and moved on to something else more lucrative.
Mindstream basically stated this within the letter the wrote to its customer base.
I would not put blame on anyone here. This is nothing more than a buisness decision.
Can or should one blame the investors for no longer funding what they feel is a losing investment? Nope.
As far as the developers go, are they to blame? because of what? I cant fathome the costs associated with the mindstream, 10 million in my opinion was not enough from the start even if no salary was drawn.