So why has the project stumbled at $8 million? Well the initial target is considerably high. To put the target into context it is 30+ times higher than Indiegogo’s record fund raiser to date. You are asking people to pay $700+ now for a phone that may or may not be released and even if it is it won’t be until next year. I think the 30 day limit is also a drawback. Most people just don’t have that amount of spare cash available.