New Mag-Lev Turntable

I'd like to know how the business process works.
 
According the website 580 people have pledged $434,585.
and it says 

This project will be funded on Mon, Nov 21 2016 9:00 AM EST.

So looks like they will be making at least 600 units.
 
Does anyone have real experience with this type of business endeavor ?    

Highly sceptical of this table. Mag Lev with no points of contact is very difficult to do. Not sure how it could be done at all, especially for so little money.

If it can be done, it would require powerful magnets that I would not want anywhere near my cartridges.  

Good point.   Another reason I am curious to see how that all works out.  

The business model is new to me as well.   Not sure how that works either. 

from the website

safety is taken care of

Accidents happen, and we know that sometimes you may encounter a power outage, so we’ve designed the turntable with a UPS system. This solution stores enough power to safely lift the tonearm, stop the record, and return the platter feet to resting position. This way the turntable and your record remain in perfect condition even when the unexpected happens

cool

You know - all of us are merely caretakers for our vinyl. Our records will outlive all of us. Out of box thinking for old technology, that I think will bring in young hearts and minds.

they are up to 588 backers now.

Me thinks sarcher30 is not one of them     :^)

.....good things come out of Slovenia

Thanks to Vic the Magician, I´ve been enjoying the benefit of maglev spindle/platter for nearly three years now and there is no returning...