The amount of funding allocated to each round is a best case scenario for Qinnect but will not determine whether or not we go ahead with the project.
In fact, we already started the project based on the positive response so far and will have our first deliverable by Tuesday, September 3rd, 2013.
Knowing that in business, as in life, things may not always go according to plan, the Qinnect team has quite a few contingency plans and will exercise them based on need and timing.
Most likely, since we are already fairly close to our target and the payment schedule with the development team is split into 4 payments over the next 12 weeks, we will roll any remaining amount from Round 1 into Round 2 and be able to provide potential investors that wanted more information before deciding a more detailed project scope as the product develops over the next few weeks.
To be fair to Round 1 investors, we will not be extending Round 1 terms after August 31st, 2013 regardless of the amount of funds raised.
If you would like more information about Qinnect, our plans, or a copy of the investment overview please contact us at email@example.com.