[harveynick]

Ye-es... but I'd argue that's not the proposition of the video. The claim is "I made an iPhone for $300", but the reality id more like "I made an iPhone for $300 of useful spend, $700 of wasted spend and $20,000 worth of my time".

The watcher might be tempted to take away "I can make an iPhone for $300," but actually it's more like "I can make an iPhone for $300 and ~$5,000 of my time".

Obviously the "$5,000 worth of my time" is actually the fun part fro some viewers. If you're the right kind of maker it might even be worth $5,000 to you.