EEVblog #751 - How To Debunk A Product (The Batteriser)

[dr_frost_dk]

This comment would normally have been deleted by the batteiser team, but going on 3 days now.... cant belive they would run off with so little money so it can't possible be that.

Also no update for 10 Days now...

[Wytnucls]

If the project gets canned, the IGG funds would be used to fill the hole at SKTA first. I don't think there would be much left over for the Roohparvar brothers.

[drussell]

This comment would normally have been deleted by the batteiser team, but going on 3 days now.... cant belive they would run off with so little money so it can't possible be that.

Also no update for 10 Days now...

Yeah, I was surprised that comment hadn't been deleted when I noticed it a couple days ago.  I'm even more surprised it is still there now.  They're certainly not paying much attention to that IGG page recently.  That is one of the only even remotely critical comments to have survived on there for even a matter of hours. 

Out of curiosity, is this Marcel_X one of the members here on EEVblog?

[photon]

Korean SKTA is not really a big player in the VC California world. They haven't been around for more than a couple of years. They are focusing on reviving the Silicon Valley hardware business, instead of investing in software, like other VC companies. Batteroo is their first venture into the consumer product arena. By the look of things, not much 'energy' went into assessing the final product performance.
Up to one million dollars is allocated to each start-up, for an equity of 25%, with a revenue stream or acquisition within 3 years. Their overall initial funding was 10 million dollars in 2013.
They have 5 start-ups on their books (incubator space for 11), with, AFAIK, no return on investment yet (target 8~10%).
Incidentally, the tech start-up failure rate in California is hovering around 90%. The failure rate for VC-backed companies is still about 75%.
The odds don't look good for SKTA.

Excellent review of SKTA credentials. An inexperienced VC with money, but no tech savvy, falling for the story of a self-aggrandizing, but mediocre, technical leadership. A short expected lifetime.

[LabSpokane]

Korean SKTA is not really a big player in the VC California world. They haven't been around for more than a couple of years. They are focusing on reviving the Silicon Valley hardware business, instead of investing in software, like other VC companies. Batteroo is their first venture into the consumer product arena. By the look of things, not much 'energy' went into assessing the final product performance.
Up to one million dollars is allocated to each start-up, for an equity of 25%, with a revenue stream or acquisition within 3 years. Their overall initial funding was 10 million dollars in 2013.
They have 5 start-ups on their books (incubator space for 11), with, AFAIK, no return on investment yet (target 8~10%).
Incidentally, the tech start-up failure rate in California is hovering around 90%. The failure rate for VC-backed companies is still about 75%.
The odds don't look good for SKTA.

Excellent review of SKTA credentials. An inexperienced VC with money, but no tech savvy, falling for the story of a self-aggrandizing, but mediocre, technical leadership. A short expected lifetime.

I agree that SKTA is inexperienced, but given compared to some of the heralded alternatives like Y Combinator, SK's $1M for 20% of the company beats the heck out of Y-C's $120K for 7% of the company.  From Batteroo's standpoint, they got a much better deal.   

The sad part of this is that when investors realize what is actually happening with startup lottery mania - funding a good business will be much, much harder. 

[photon]

Korean SKTA is not really a big player in the VC California world. They haven't been around for more than a couple of years. They are focusing on reviving the Silicon Valley hardware business, instead of investing in software, like other VC companies. Batteroo is their first venture into the consumer product arena. By the look of things, not much 'energy' went into assessing the final product performance.
Up to one million dollars is allocated to each start-up, for an equity of 25%, with a revenue stream or acquisition within 3 years. Their overall initial funding was 10 million dollars in 2013.
They have 5 start-ups on their books (incubator space for 11), with, AFAIK, no return on investment yet (target 8~10%).
Incidentally, the tech start-up failure rate in California is hovering around 90%. The failure rate for VC-backed companies is still about 75%.
The odds don't look good for SKTA.

Excellent review of SKTA credentials. An inexperienced VC with money, but no tech savvy, falling for the story of a self-aggrandizing, but mediocre, technical leadership. A short expected lifetime.

The sad part of this is that when investors realize what is actually happening with startup lottery mania - funding a good business will be much, much harder.

I have no sympathy for stupid investors. They, like all of us, must learn from either history (dot.com bubble) or from their mistakes. Nor do I have any sympathy for stupid VC's. Nor am I worried about good businesses finding funding. The "good" ones always do.

[AF6LJ]

This comment would normally have been deleted by the batteiser team, but going on 3 days now.... cant belive they would run off with so little money so it can't possible be that.

Also no update for 10 Days now...

No surprises here;
This guy comes to mind.
https://en.wikipedia.org/wiki/P._T._Barnum
  

[Jay_Diddy_B]

Hi,

I have noticed that they have removed the link to the IGG campaign from the main page of their website.

http://batteriser.com/

You can find on the 'Blog' section of their website, but it is not prominent anymore.

Maybe they don't want potential investors reading the comments or tracking the campaign ??


Regards,

Jay_Diddy_B

[ez24]

No surprises here;
This guy comes to mind.
https://en.wikipedia.org/wiki/P._T._Barnum

I do not get it?  Seems he was a good guy.  From your link:

At his death, most critics had forgiven him and he was praised for good works. Barnum was hailed as an icon of American spirit and ingenuity, and was perhaps the most famous American in the world.

Are you saying the guys at Batt are good guys by comparison?  Seems the article says he liked to fool people but not cheat them.

[AF6LJ]

No surprises here;
This guy comes to mind.
https://en.wikipedia.org/wiki/P._T._Barnum

I do not get it?  Seems he was a good guy.  From your link:

At his death, most critics had forgiven him and he was praised for good works. Barnum was hailed as an icon of American spirit and ingenuity, and was perhaps the most famous American in the world.

Are you saying the guys at Batt are good guys by comparison?  Seems the article says he liked to fool people but not cheat them.

No; he is credited with saying "There is a sucker born every minute".
He was right. Like with the stock market a sucker's bet.

[bills]

Realy ?  stock market is a suckers bet?
well I disagree and I am driving my new lotus evora  (2014) with what I EARNED in the stock market!
If you can't figure out how to do it maybe you should quit listening to the socialists on this forum.
Let the flames begin!
My lotus hauls ass.

[bills]

edit

[EEVblog]

They are still on track to ship on November:


Don't say whether that includes all sizes, or just the AA, which is the only one we have seen a working prototype of.

[AmmoJammo]

Batteriser is crafted from stainless steel at 0.1 mm thin to fit back neatly back into your devices’ battery compartments, and comes in 2 variations: for side-by-side batteries or batteries that are stacked, like in a keyboard.

Umm... when did this happen?

[Galenbo]

... or just the AA, which is the only one we have seen a working prototype of.

I didn't see that.

[EEVblog]

... or just the AA, which is the only one we have seen a working prototype of.

I didn't see that.

IIRC you keep repeating this scepticism, and I don't know why.
They have clearly shown prototypes, reputable people have physically seen them work, they exist.
No one, except you it seems, seems to think they don't exist.
Making a tiny boost converter like this is not rocket science.

[firewalker]

Maybe he means that they haven;t show their product to honor their claims.

Alexander.

[Marcel_X]

This comment would normally have been deleted by the batteiser team, but going on 3 days now.... cant belive they would run off with so little money so it can't possible be that.

Also no update for 10 Days now...

Yeah, I was surprised that comment hadn't been deleted when I noticed it a couple days ago.  I'm even more surprised it is still there now.  They're certainly not paying much attention to that IGG page recently.  That is one of the only even remotely critical comments to have survived on there for even a matter of hours. 

Out of curiosity, is this Marcel_X one of the members here on EEVblog?

Yes I am. Quietly following this thread  .
And surprisingly my previous comment has also not been removed!

[ccs46]

Making a tiny boost converter like this is not rocket science.

What is rocket science, is whether it does what they are claim it will do.


Sent from my iPhone using Tapatalk

[Fungus]

Making a tiny boost converter like this is not rocket science.

What is rocket science, is whether it does what they are claim it will do.

No amount of science can do that. Rocket or otherwise.

[AF6LJ]

Realy ?  stock market is a suckers bet?
well I disagree and I am driving my new lotus evora  (2014) with what I EARNED in the stock market!
If you can't figure out how to do it maybe you should quit listening to the socialists on this forum.
Let the flames begin!
My lotus hauls ass.

That's truly funny
And no flames, for the vast majority it is a suckers game, simply because they don't do their own homework, they leave it up to someone else. Just like owning a car, unless you know something about that car you are at the mercy of whomever you have it service / repaired by. A sucker of another breed.

Eleven years ago I had a rather interesting set of conversations with a roommate who had his series seven license. There are no sure things in the stock market, it is like playing black jack, you can win but you have to be well informed. There are three things I have taken away from both my own experience managing my own 401K when I had one.
1. the brokers make the money
2. as long as yhour money is in paper, it has the potential to be worth less than the paper it is written on.
3. you are a damned fool if you leave all the decision making process up to your broker.

We now return you to our regularly scheduled thread.
Thank You.

[AF6LJ]

Evora-s 6 speed Manuel 245 hp. 0-60 4.4 sec. 178 mph top speed way more car than I can or will drive .
but it will spend it's time in the garage with the wifes 911s-sc targa it will be an investment .
next up is a jaguar v-12

Take good care of it, a car up on blocks in a garage still needs maintenance.
Nice car.

[McBryce]

Evora-s 6 speed Manuel 245 hp. 0-60 4.4 sec. 178 mph top speed way more car than I can or will drive .
but it will spend it's time in the garage with the wifes 911s-sc targa it will be an investment .
next up is a jaguar v-12

Nice cars, but I'm sceptical that they could be considered an investment? Do you really think that there asking price will ever go up? Or in what way do you consider them an investment?

Bryce.

[helius]

Only cars with very limited production or special significance appreciate in value. Just like baseball cards.
And the people who think they are "investing" are mostly the same.
"If you can't figure out how to do it" --> fundamental attribution error

[firewalker]

Update.



Alexander.