The Tiko Printer: What Happens When You Innovate Too Much

> They had ordered their complete BOM before a prototype was finalized... They spent all their money buying components before their design was finalized. These aren’t poor engineering decisions, they’re poor business decisions.

Not having even a single prototype (even if you ignore the fact that ideally there should be multiple) done before ordering the parts for manufacturing is fundamental failure of engineering process, it is not a business decision failure.