Helmet Company Collects $2.5 Million In Crowdfunding Funds, Doesn’t Ship Helmets, Goes Bankrupt

Helmet Company Collects $2.5 Million In Crowdfunding Funds, Doesn’t Ship Helmets, Goes Bankrupt

The Skully was meant to be the first augmented-reality motorcycle helmet, giving riders information from their GPS in a heads-up display, and even showing a feed from a rear-view camera in their field of vision. Sounds like an amazing product… that will never actually ship, even as excited backers on IndieGoGo put down amounts from $500 to $2,000 for deposits or pre-payment for their helmets. [More]

Clearly Canadian

Clearly Canadian Promises Remaining Delayed Preorders Will Start Shipping Next Month

Back in 2015, fans of Clearly Canadian were excited to learn that the 1990s sparkling soft drink would be making a comeback. So excited, in fact, that a crowdfunding campaign by the brand’s new owners brought in tens of thousands of preorders. But more than a year after Clearly Canadian reached its funding goal, many customers still don’t have their drinks, and they’re not happy about it. [More]

Facebook

Facebook Letting Individual Users Set Up Fundraising Pages For Nonprofits

People who want to raise money for the causes they care about have another crowdfunding option: Facebook announced it’s expanding its fundraising feature for nonprofits to individual users. [More]

Sense Smart Home Hub Project Canceled, Company Issues Refunds To Kickstarter Backers

Sense Smart Home Hub Project Canceled, Company Issues Refunds To Kickstarter Backers

A crowdfunded project has died a premature but dignified death. Is such a thing even possible? The company behind a successful Kickstarter campaign for a smart home hub decided not to make hardware, after learning that other device makers were interested in their software. The company, Silk Labs, announced that it would refund users’ pledges and not make the device. [More]

Adam Fagen

9 Things We Learned About How Few Americans Are Regularly Taking Part In The “Sharing Economy”

Though it might feel like you can turn a corner without seeing an ad for this ride-hailing app or that on-demand delivery service, Pew Research Center’s first-ever survey of how American adults interact with the new digital economy shows there’s a big difference between how many people have ever tried one of these services and the people who use them on a regular basis. [More]

André-Pierre du Plessis

PayPal Won’t Protect Your Payments To Crowdfunding Projects

If you’re using PayPal to help fund yet some friend’s hot sauce Kickstarter project, listen up. Starting next month, PayPal’s Purchase Protection won’t cover the transactions made on crowdfunding platforms.  [More]

Coolest Offers Opportunity For Backers To Pay $97 And Jump The Line, Another Revolt Ensues

Coolest Offers Opportunity For Backers To Pay $97 And Jump The Line, Another Revolt Ensues

Back in 2014, the Coolest, a cooler with built-in speakers and a blender, crushed the record for the most-funded Kickstarter project along with lots of ice for frozen margaritas. The problem, though, was that the cooler’s creator charged early backers $165 for something that would eventually retail for $400, and running out of cash made some production snags even worse. Now they have a new proposal for backers: pay an extra $97 to jump the line and get their coolers next. [More]

Coolest Tells Kickstarter Backers That Coolers Are Further Delayed

Coolest Tells Kickstarter Backers That Coolers Are Further Delayed

The Coolest hit Kickstarter in 2014, raising over $13 million and promising backers “a party disguised as a cooler.” That party may be winding down or at least significantly delayed, as the project’s creator says that they’re looking for an investor to help keep cranking out coolers. [More]

Kickstarter Hires Investigative Reporter To Figure Out Where Mini-Drone Campaign Went Wrong

Kickstarter Hires Investigative Reporter To Figure Out Where Mini-Drone Campaign Went Wrong

A company based in Wales showed up on Kickstarter with what looked like a working prototype of a really impressive consumer drone small enough to land on a saucer. Yet the promised drones never shipped. What happened? Kickstarter decided to find out, taking an unusual tactic: the company hired a local investigative reporter to, well, investigate. This week, the report came out. [More]

Does The Laser Razor Yanked From Kickstarter Actually Work? Well, Sort Of

Does The Laser Razor Yanked From Kickstarter Actually Work? Well, Sort Of

The prospect of shaving oneself with a laser is, in theory, unfathomably cool. That’s what made the Skarp razor an incredibly successful project on Kickstarter before the platform canceled the campaign due to the apparent lack of a working prototype. Was that really true? How well would the razor work for an unbiased observer? CNET sent a reporter and his arm hair to find out. [More]

Cooler Raises $13.3M On Kickstarter, Tries To Sell More On Amazon Before Shipping To All Backers

Cooler Raises $13.3M On Kickstarter, Tries To Sell More On Amazon Before Shipping To All Backers

Last August, one of the most financially successful Kickstarter campaigns of all time concluded. It was a cooler called the Coolest, which was pricey but promised to contain most of what you need for a beach party. $300 backers were supposed to receive the Coolest, which would retail for $500. Then backers noticed that the product was available on Amazon’s crowdfunded products section… even though original backers from over a year ago hadn’t received theirs yet. [More]

(Michael Gray)

Indiegogo And Brookstone To Team Up To Make Even More Cool, Useless Gadgets

In decades past, if you wanted to find gadgets that solve problems you never realized existed until just now, you had to leave your house and go to a Brookstone store, or send away for a catalog. Today, you can surf gadgets that are so fresh that they don’t really exist yet on crowdfunding sites, and Brookstone is teaming up with crowdfunding platform Indiegogo to give inventors logistical support, and perhaps improve Brookstone’s pipeline of fresh new ideas. [More]

Laser Razor Raises $4 Million, Gets Kicked Off Kickstarter For Maybe Not Existing

Laser Razor Raises $4 Million, Gets Kicked Off Kickstarter For Maybe Not Existing

Hey, remember how a few years ago, Kickstarter changed their rules to require that all hardware projects funded through the platform actually exist in a working form? Late last night, Kickstarter enforced that policy on a campaign that had already raised $4 million. Kickstarter administrators apparently didn’t believe that the product, which promises a “shaving revolution,” exists yet as promised. [More]

YotaPhone 2 Cancels U.S. Version, Offers Refunds Instead

YotaPhone 2 Cancels U.S. Version, Offers Refunds Instead

It’s easy to understand why gadget fans were interested in the Yotaphone 2: it’s an Android smartphone with a regular touchscreen on the front and an e-ink display that can display widgets or function as a power-saving regular screen on the back. When the company behind the phone announced in May that a U.S. version compatible with our LTE networks here in the US would become available, lots of people stepped up to place orders, including reader Steve. [More]

These are just a handful of the products showcased on Amazon's new LaunchPad platform.

Amazon Debuts Launchpad, A Store Showcasing Crowdfunded Products

From books to mini-tanks, Amazon might be a one-stop-online-shop for just about anything consumers could desire, and with the unveiling of its new platform, Launchpad, the e-tailer is now gunning to be the one-stop-marketing-and-distribution center for startups. [More]

Indiegogo Campaign To Bail Out Greece Has Raised $1.65 Million… Only $1.77 Billion To Go

Indiegogo Campaign To Bail Out Greece Has Raised $1.65 Million… Only $1.77 Billion To Go

With Greece facing such a dire debt crisis that it recently shut down the country’s banking system in order to keep money from flooding out across its borders, it’s going to take a massive effort to get the country back on solid financial footing. And in this day and age of crowdfunding, why not try to raise a couple of billion dollars online? [More]

FTC Announces First-Ever Settlement Over A Failed Crowdfunded Project

FTC Announces First-Ever Settlement Over A Failed Crowdfunded Project

Today is an important date in the histories of both consumer protection and crowdfunding: For the first time, the Federal Trade Commission took legal action against someone who used Kickstarter to fund a project that they didn’t produce. That’s the good news. The bad news is that since the man behind the scheme has no money to distribute to backers, the settlement doesn’t actually do anything for people who backed The Doom That Came To Atlantic City. [More]

Users who support sites through Google Contribute will see blocked-out boxes instead of ads when they visit participating sites.

Google’s New “Contributor” Feature Lets You Pay Sites In Exchange For No Ads

Taking a cue from the world of smartphone apps, where users can either get a free version that includes ads or pay a premium to get an ad-free experience, Google has announced a new product — Google Contributions, which will allow users to pay participating sites in exchange for not being bombarded with ads. [More]