BSX LVL – Delays, investment and some angry backers

lvl-band-onelvl-bsx-bsxinsight-insightMy last update was that LVL hydration sensors were in ‘alpha’ round about now and that the data that had been produced so far has been good.

A recent update seems to now be setting a schedule for one year hence (2018).

There also seems to be a round of investment from Samsung and that is prompting/paying for a re-design.

I guess these things happen. But it’s a bit disappointing.

And there are quite a few backers who share that disappointment.

I’d be interested in any more info or thoughts anyone can share below:

The positive-thinking person in me would expect that Samsung saw a great global potential for this device (and I would agree with that) but wanted it exactly right, perhaps so that they could then licence (or acquire) the tech for their own-branded devices.

EDIT: BUT THE POSITIVE ME APPEARS TO BE WRONG – DON’T INVEST IN THIS.

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Will Morgan
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Will Morgan

My pragmatic view is that some updates were disingenuous and the $50k target woefully short of a realistic budget. But otherwise much of what I read is common in product development. Win some lose some, such is life.

Boris
Member

Meanwhile they could start a kickstarter campaign for “BRTH – breathing sensor”. ?

Gary Ogden
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Gary Ogden

$50K !! They raised over $1.8m from backers so where has that money gone?

Eli
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Eli

Easy answer. $50k would have gotten then a basic product out the door that did hydration level. $1.8 million made them think they could develop a much better and well developed product to compete with the much much larger companies and they overshot. The basics are easy, the refinements are hard.

the5krunner
Admin

Good question.
I have some faith that this will turn out alright. Just on a much-delayed timescale. I don’t imagine Samsung will want to upset too many people.

tomip
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tomip

Come on, don’t trying to fool me by showing a few pieces of circuit broads! The are totally crab! Sound like you don’t even have a clue to how to make the product work?! You kept delaying the project and buying time to steal more money from Samsung before you bankrupt and disappear from the world.

I WANT THE REFUND NOW!!!!!!

DRVN
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DRVN

Don’t believe it, folks. The tech does not exist and never did. The whole thing was a fraud. All the numbers and ‘results’ are pure fabrications, as were the timelines. This has been shown conclusively. https://www.dcrainmaker.com/2017/10/bsx-insight-lvl-hydration-sensor.html