Read more.Kickstarter project raised $325K last year but the company will not deliver a finished product.
Read more.Kickstarter project raised $325K last year but the company will not deliver a finished product.
did people get their money back?
So they just stole that money. I dont see it as anything else.
Nobody stole anything. The money was given willingly. If they haven't spent it on the development of the watch it could be fraud, if they have then there's nothing legally wrong with it.
As the small print says, crowdfunding something is not the same as a pre-order, you aren't guaranteed a return.
peterb (21-11-2018)
Feargal Mac Conuladh had definitely 'Conned You, Lad'!!
Har har, see what I did there? No, my wife doesn't think I'm funny, either...
Nah, all jesting aside, there have been doubts about Mac all along, as he has a reputation for heading failed crowdfunded gadgets.
From Csanyk:
"It looks like this guy has been involved in a number of dubious crowd funded tech gizmos before. And by dubious, I mean disastrous. This guy’s LinkedIn profile reads like a character from Silicon Valley: a CEO of various incarnations of rapidly pivoting smoke/mirrors vaporware startups that promise a lot while having nothing"
Also this: https://venturebeat.com/2018/03/26/a...-game-console/
There was the option to pre-order on the website, though...
Jonj1611 (21-11-2018)
Seems like this happens all too often. I guess the moral if you want to buy something go to a shop, if you want to loan someone money with no guaranteed return of anything give money to a crowdfunded project and hope for the best. For some strange reason one doubts the the people that create these project projects ever walk away out of pocket, if they run out of money they walk away scott free. Better to let others risk their money and then buy the product once it reaches the market, it'll probably be cheaper by then if it even makes it.
Nah, just do your research.
Many of these projects use crowd-funding just to demonstrate sufficient market interest, in order to attract the big money investors. Rarely does it bring in the kind of money Star Citizen has.
But plenty of times it does pay off, too - I've had more than my money's worth from Elite: Dangerous, for example, and several friends have some very cool stuff. If nobody risked their money, we'd never see anything new.
It's just the nature of the beast that some peope will take advantage to try a cut and run.
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