Over the past five years I've watched with interest and participated in several group buys. A basic question remains in my mind. I'll get to that in a moment, but first a summary of my current TnC group buy experience and some thoughts...
After a seven month wait time (with upfront cash paid) I recently received two defective ACMP-73 "Neve clone" preamps from Chance Pataki's TnC group buy. The principals of TnC are leveraging their group buy experience, upfront customer cash-flow, contact lists and over 500,000 combined forum page views to launch new commercial businesses. As a potential customer of almost any new audio business, I am interested in watching TnC's response to questions regarding customer service issues.
When I asked about my rights under TnC's published guarantee I was told I could send my units back to China for service. I don't think I'm alone in saying I was not amused by this response.
My issue is not only with two sub-professional ACMP-73 preamplifiers - which I could fix if I was looking for a DIY hobby

My issues are perhaps are a bit more abstract - I'm interested in the interplay of US companies and Chinese vendors, observing group buy processes and watching how business, technical and ethical challenges get addressed and solved.
A large number of reputable pro audio companies source parts from China as a way to stay competitive and offer excellent value to their customers. But a basic question lingers - considering tied-up cash, long wait times, defective gear and dismissive or unresponsive customer service, do group buys really offer true value to end users?.