This is a message for all you South Korean living Nasties! We’re trying to put together an assembly line to help us package up the remaining fundraiser pictures. Of course, we’ll feed and coffee/tea/water/cola you!
If you live near Seoul (the EYK Nasty studio is in Hongdae) and you’re free this March 28th and/or 29th (Thursday and/or Friday) between 3-7pm send an email to SooZee at email@example.com
Starting to take Polaroid photos for the fundraiser perks. We’re doing 220 a day, so we should be finished in just over a week. Then we have to sign each one, wrap it in cute paper sealed with a cute sticker, and pop it in a custom EYK envelope! Excited for you guise to receive it, I hope you like our crazy poses! ^^
Hey hey hey! Look at all the pretty boxes! We don’t want to ruin any surprises so we won’t show you what’s inside, but all those boxes behind me are filled with goodies for the “Care Package” fundraiser perks! WAHOO!!!! Now we have to print and label those 186 packages and somehow get them all to the post office…without a car…hrrm…Spudgy can you pull a wagon? :O
So we’ve been busy little beavers ordering all the stuff we need to send out for the Fundraiser Perk Packages!
1. All the goodies for the 186 Korean Care Packages are ordered and we’re just waiting for everything to show up so we can start packing them up. We even have to get custom boxes made to fit everything!
2. We chose the designs and ordered the stickers for the 111 Nasties who bought the Super Special Sticker pack, and it has arrived in Korea! Yay!
3. I just came back from a massive cosmetic shopping spree for the 11 Nasties who bought the Korean Beauty Product Care Kits, but I’m not totally finished. It was a tough one to buy for because I had to get products that could match everyone’s skin tone and skin type, so I hope I did okay!
The above picture is a little teaser photo of those Beauty Products, but I blurred it out so the 11 BeautyBuffNasties can still be surprised! Now to take 1000’s polaroid pictures…*gahhhhh*
The Eat Your Kimchi Studio under construction!
Tearing down the studio to build it back up. Day 1 of construction complete!
We forgot to post this here last night when we announced that we found our studio. Well: ahem…WE FOUND A STUDIO!
We wrote a lot more about it in our blog post, but we’ll be posting other stuff about it here on this site (since we won’t be doing that many full videos on the studio process for our regular channels)
Woohoo! It’s taken quite a while, but the Indiegogo money from our fundraiser is finally in Korea, and we are ready to start looking for a studio and preparing and shipping out your perks. Woot! But first, in the spirit of full transparency, here are how the Indiegogo funds have broken down:
Total Amount Raised: $113,835
$66,394: Amount Raised by Credit Card
+ $3,319: Credit Card Goal Completion Refund (5.0%) = $61,721: Net Credit Card Funds
$47,441: Total Amount Raised by PayPal
+ $2,372: PayPal Goal Completion Refund (5.0%) = $44,120: Estimated Net PayPal Funds
Net Total Funds: 61,721 + 44,120 = $105,841
Now, there are a few complications that arose along the way, which we’re going to outline here as well.
1. US Dollar to Canadian Dollar
The Credit Card amount was in US dollars. Converted to Canadian dollars, it amounts to less, as seen in the figure below: $61,721 US dollars converted to $60,700.61 Canadian dollars.
2. Final Fundraiser Amount Received In Canadian Dollar: $96,079.10
The final amount of money we received in our account was $96,079.10 and we added $200.90 of our own money to make it an even $96,280.00 for easy tracking. That 96,079.10 amount was the credit card money + the paypal money, but as you can see in the picture below, you’ll notice a discrepancy between the amount supposed to be paid by Paypal and the amount actually paid.
3. Paypal Holding Reserve
We should have received $44,120 from Paypal, but instead received $34,148.91 + $1,231.58, for a total of $35,380.49. That’s a lot less than what we should be getting. So what’s up with that?
Well, here’s what happened: Paypal froze our account within the first couple of days of our fundraiser due to the sudden large amount of money coming in.
You can see in the comments to our Fundraiser video that some people were having issues with contributing. The reason why: Paypal had no idea what we were doing. Our Paypal account doesn’t see that kind of action, and so Paypal thought that something suspicious was happening. After speaking with them on the phone for a while, the conclusion that they came to is this: they need to ensure customer safety. Essentially, people are spending their money on buying perks from us, so we have to send out or meet the requirements of the perks. What if we got the money and didn’t give out anything? So, Paypal’s holding a portion of the money for between 3 and 6 months. Once the perks have been received, we can contact Paypal again, let them know that everyone got what they paid for, and then those funds will be released to us!
Until then, we’re working with $96,280 Canadian. We sent that over to Korea, and now the money is finally in our account! After conversion into Korean won, our working balance is now 104,840,684 won.
So that’s how things are looking now! We’re off to go studio hunting tomorrow, and we’re going to be vlogging our experiences and posting a video of those adventures. Once we have an office set up, we’ll be able to start buying all of the materials for the perks because we’re going to need LOTS of room to package everything and we’ll need a friend fuelled assembly line to get it all together! IT’S AN EATYOURKIMCHI ADVENTURE!!! We’re so excited to get this started!