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Thanks for publishing this, it's very instructive to see why people think things went wrong.

My only question is why you feel that the answer to the most important question - "Is there any interest in this product in the market?" - is "Yes"? You've identified that they way you went about promoting and raising money could be improved, but assessing the biggest problem as one of promotion is not obvious.

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The reason why I believe there's an interest in this product is 1. The amount of people who has contacted us because they want this product even after the campaign ended 2. The amount of private investors and potential partners that have contacted us after the campaign closed. If people want to pay for the creation of an iPhone app in a time were we're used to get them for free or next to nothing is another separate issue.

Thanks for the update. I hope that you didn't read that I was asserting that the interest wasn't there, just that it wasn't clear from the post.

No, not at all. No worries. :) I only wanted to be very clear about the reasons and sources of our assumption that there is indeed interest.

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