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Comment by njharman | Hacker News Reader

The article isn't about people not getting a product or expecting a "store". It's about how a more than tripple funding KS which got an additional 3 million in VC backing could not actually accomplish their goal.

I bet they would have been more successful with less money. Money gives you freedom(to start over, to feature creep, to bikeshed, to grow faster than you can manage, etc) and security (which makes you less "hungry" and desperate).

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Frankly the whole product concept seems to me to be completely ridiculous. I doubt it was viable however much money they got.

I thought long and hard before posting this, because obviously hindsight is 20/20, but I went back and looked at the product description again and I stand by my opinion. IHMO it was a turkey from the word go.

Whole product can be replaced by an app.

There are already a couple big-name apps out there that do exactly this! (1Password, LastPass, etc.) And most have desktop and mobile versions too!

This functionality currently exists for any online password on Windows/Mac/iOS in 1PassWord, and I'm sure there are many other wallets and password managers for other platforms that do similar things. Having a USB key for this almost feels like a step backward - how do you plug that into your phone or tablet? 1Password will automagically enter and submit any remembered password in your browser, and any non-web password can be stored and retrieved from the app itself at any time. I didn't even care about that feature when I bought the app, but it has become a lifestyle changer for me and I'd say it's the killer feature.

The worst part is, I can buy 1Password for Mac for $50, and the iOS version is less than $20. Anybody interested in this sort of thing should really check out the alternatives already!

Half of the products on there seem to be ridiculous and that was before they opened it up to "potato salad".

No?

I think the notion that having less money would have been better for them is interesting. It seems like the amount of money they received gave them the idea that they could accomplish more by spending more; what they really needed was extra time in order to accomodate their extra money.

It is a big risk for startups that take too much money that they suddenly feel like they have the capital to do all sorts of things. Too bad they didn't just ship V1 of the product.

I guess these guys haven't heard of an MVP.

The point is what is "viable" changes drastically when you have $1,000,000 vs $10,000.

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