[ralfn]

They have working prototypes. They can produce those for less than 99 dollars.

They need investors to prefinance the next batch. Buying the parts requires money,you dont have, until the finished product is sold to a retailer.

In other words: they need cash flow.

[flatline3]

Do they actually have a working prototype? It's very unclear in their messaging, and they show no pictures of even semi-complete devices.

I could attach a ps3 controller to an omap4 evaluation board running Android tomorrow, but that wouldn't make it a proper prototype.