they did in fact reach at least 20,000 users, and to celebrate they set up a business entity in Germany (they are currently US based), in order to start a tiny little t-shirt printing company. And their goal was to print 20,000 t-shirts to give out, FOR FREE, to their first 20,000 users (with users paying only shipping costs). But I cannot stress enough, they did not just spend money on 20,000 tshirts to give out, they set up a whole new business entity in Germany to run their own t-shirt printing operation, with its own building and warehouse and employee(s? I get the sense it's one guy but I don't know). And this cost them 1/3 of their $670k funding round. One, fucking, third. For t-shirts. Did I mention that the t-shirts don't even have the Kagi name on them? Just the Kagi dog mascot

0% interest rate behavior