The extremely popular Kickstarter project Pebble has sold out, 8 days ahead of its expected close date.
Pebble, which smashed all Kickstarter funding records, reached $10 million and 85,000 units pre-ordered, causing founder Eric Migicovsky to shut down the funding process earlier than its May 18th end date.
Migicovsky also announced that the company has had to double its team from ... [ read the full article ]
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I think it's lame they stopped production at 75,000 for at $10,000,000 they easily could have found a way to partner with someone to mass produce these watches properly. With 8 days left of funding to boot, they could have easily doubled their donations. Now people won't even bother as they know they won't be getting the watch.
Sweet idea, sweet that they smashed the record; shame that anyone else interested gets screwed.
Originally posted by Mysttic: I think it's lame they stopped production at 75,000 for at $10,000,000 they easily could have found a way to partner with someone to mass produce these watches properly. With 8 days left of funding to boot, they could have easily doubled their donations. Now people won't even bother as they know they won't be getting the watch.
Sweet idea, sweet that they smashed the record; shame that anyone else interested gets screwed.
Be reminded... they were only expecting to manufacture 1000 when they launched the project.
Originally posted by Mysttic: I think it's lame they stopped production at 75,000 for at $10,000,000 they easily could have found a way to partner with someone to mass produce these watches properly. With 8 days left of funding to boot, they could have easily doubled their donations. Now people won't even bother as they know they won't be getting the watch.
Sweet idea, sweet that they smashed the record; shame that anyone else interested gets screwed.
Be reminded... they were only expecting to manufacture 1000 when they launched the project.
I know, but that doesn't change the fact they have 10 million donated. That's a lot of $ and may I remind you WAY past their target. You look at the updates for what they are doing for their product and in no way will that chew through paying for their employees, production, manufacturing, OS/Software implementation and so forth. They would have a lot left over, unless they decide to pocket themselves, which in that case kind of seems like taking advantage of the consumers investment. That's really what I was trying to say. $10 million to produce only 85,000 watches; come on...
But still I also said, good for them; they may not be ready for such a heavy scale launch so want to perfect the 85,000; but like my spouse said, if that's the case, why not just let the people who donate $100 have their watch on back order as an option?
