Some crew - fund projects are awe-inspiring , andbring great but simple idea to life . Others , not so much . But whether they ’re grounded , or impossibly affirmative , all crowd - funding task have a chance to break down , spectacularly .
After we heard about the horrible , catastrophic loser of the Kreyos Meteor , it got us to think : What crowd - funding bummer have n’t we see of yet . We put out the call , and here ’s what you delve up .
The $ 1.5 Million Indiegogo Smartwatch Horror Story
Smarty Ring
Part 1 : Funded December 2013 , erect $ 296,999 with a $ 40,000 finish
Part 2 : Funded March 2014 , elevate $ 101,476 with a $ 500 end
Hildy Jjsays :
I ’ve had no problems ( other than the compulsory time lag ) with nontextual matter focused task . However my one tech attack – SmartyRing – has collected about half a million dollars through two campaigns and has produced nothing more than a series of redesigns , wait , and increasingly ugly renders .
ThePrincetonPhysicsDemoGuyagrees :
I ’m really rag with Smarty Ring on indiegogo : As with all -=proper=- crowdfunding there are few expectation – the little perks / thank yous are often not guarantee , or necessary . However , there is ONE VERY significant arithmetic mean a supporter / donor has – being kept up to engagement with what is happening with the project . I did not support you to disappear into the woodwork – I just wanted a windowpane into your development progression .
Smarty Ring on indiegogo has totally failed in this respect – hardly any updates , run a 2nd crusade on the same projection while the first is still in progress and deride your supporters openly are all signs of a badly run project . I have no Leslie Townes Hope for the Smarty Ring – I bring professionally in the kingdom of electronics , had high hopes with some of their ideas , but this whole fell flat due to lack of update / advance – especially when supporters are able to help with the little upper - bumps along the direction with their own cognition and experience .
And yeah , those prototypes are n’t looking quite as silklike as the stuff in the video .
PID-Controlled Espresso Machine
Funded January 2012 , raise $ 369,569 with a $ 20,000 goal
vintagevalvessays :
I almost contribute to this task . 2.5 years later , their selling still features bad renders of the espresso machine , rather than anything resemble an literal product . Comically , they are still accepting pre - orders at a much gamey Leontyne Price than the Kickstarter price .
mPrinter – An analog printer for a digital world
Funded September 2012 , raised $ 88,018 with a $ 10,000 goal
Arlo Gilbertsays :
Bluetooth Earbuds w/ Magnetic Docking. Made in USA.
Funded April 2013 , raised$144,463 with a $ 30,000 finish
islandtitansays :
None of these have pitch and one propose refunds but only when he can get some money together . The Sound Band was imagine to have been fork over 12/2013 – now they ’re tell 2d fourth 2015 , if even then … they are still in R&D despite state on the political campaign they were production ready .
Kickstarter has been spry to reply that they ca n’t and wo n’t do anything .
Griffinis a little more upset :
The Midnight Clock: Unlock the Magic of a Good Book
Funded July 2013 , raised $ 69,116 with a $ 25,000 goal
CitrusSunshinesays :
I funded the Midnight Clock on Kickstarter over a class ago and got combust to the tune of $ 100 . Out of the 717 angel , only about a XII have gotten the clocks . Apparently the guy has all the materials sitting in his house and is no longer play on the labor .
GameStick: The Most Portable TV Games Console Ever Created
Funded Februrary 2013 , stir $ 647,658 with a $ 100,000 finish
boris73says :
As for the gadget itself , I grabbed the dock so I could habituate the wired internet . That but does n’t work . The lights are on but nobody is home . The controller enters random inputs when voyage the system . Watching an MP4 or AVI randomly increase the loudness or pauses the content . I had to turn the control off to look on anything , which displays an annoying icon showing that no controller are connected . After several month of minimum impinging I finally got a replacement comptroller sent . It does precisely the same thing . swarm capacity over the wireless internet create a buffer that only seems capable of hold 10 minutes of footage before pause for a few minute while it grabs the next 10 transactions . I hop the pumped-up dock would fix this issue but as mention I ca n’t get it to work .
I was thinking of just giving this away but could n’t bring myself to dumping it on a acquaintance or family member as I wish them too much . Maybe I can donate it to a deserving net troll .
myIDkey: Passwords at the tip of your finger
fund March 2013 , upgrade $ 473,333 with a $ 150,000 destination
Taltysays :
$ 100 bucks 1.5 geezerhood ago . They got award for “ promising new invention ” from CNET and they were on a lot of tech blog for their idea / image . Then they run for into set backs on design and every update was about fix the board issues . Now they have zero funding and their only exemplar do n’t work out .
you’re able to say that it is a typical labor that just hit budget and manufacture problem . However , in my opinion the money was wasted poorly and the project was led by hoi polloi who had no clue what to do . They were really good at expend the money for exec vacation and a lucullan spot . essentially someone got a bunch of money from Kickstarter and some other sources and thought they already were successful .
I have intercourse you take the endangerment here when you sign up to be a backer for a project . However , there take to be some accountability . There are alone too many projects screwing people over .
As always , there’sa bevy of complaintsover in the undertaking ’s comment thread , but Diver Dennis puts it comfortably :
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