LNR Precision Kickstarter Project

Discussion in 'General Announcements' started by N4CCB, Apr 28, 2016.

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  1. KD4RDS

    KD4RDS Ham Member QRZ Page


    I just sent LNR a message via their "contact us" function on their website asking if this is legit.
    When I get an answer, I'll post it.
     
  2. SA3BOW

    SA3BOW Subscriber QRZ Page

    I like the idea of crowdfunding stuff, new ideas and what not. I have even put money in Kickstarter projects and will continue to do so.
    But once a company has started to fly it does not need, or should not need, a kick start any more. So, in this case, I think crowdfunding
    is not the right way to go.
    Dejan
    SA3BOW
     
  3. KE5EUA

    KE5EUA Premium Subscriber QRZ Page

  4. KB0DD

    KB0DD Ham Member QRZ Page

    It is great to be didactic, it makes us feel fantastic! At this very moment, I'm heading to my shack where ever it is today to rag chew at full throttle 100W or beat on a straight key for a while to ease my stress caused by LNR's breach of all that is Kickstart righteous. Seriously though, I do understand the spirit of the previous comments. But assuming the story is legitimate, LNR seems to be taking advantage of an available funding tool to provide better service to we "artists" of hamology. I doubt that a bank today would loan them money for what they want to do because it is likely that their EBITDA is anemic. After all, they are making amateur radio stuff in a niche market within a niche market. To improve their EBITDA, they need to cut costs, in this case by bringing production in-house. To do that, they need money. To get money from a bank, they need to be making more money than they are now. You see the point. It is really really hard to get money for something like this from a traditional source. So they have to be as creative as they can and deserve a thumbs up for fighting it out. May the Kickstart gods be with them!
     
  5. KD4RDS

    KD4RDS Ham Member QRZ Page

    Here is a "copy and paste" of the actual response I received to this query. Wish I'd saved a copy of my actual question/s to them, but it was basically is this legit.


    Hi Barney,


    Yes, completely legit. As you probably are aware we are a small company of 4 employees and utilize temporary and PT staff during seasonal times.

    We are financially strong and proud of how we have grown the company over our past 5 years. We have been approached by investment firms but choose to maintain 100% ownership of our company. As we look to aggressively ramp up production on our transceivers and hire staff to shorten production times, that costs money. As we look to spend hundreds of thousands of dollars for raw materials, we are looking for creative ways to raise some of these costs.


    It's all good and no cause of concern. Thanks!


    Ryan, LNR
     

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