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They genuinely believed they were going to change the world, drank too much of their own kool-aid and eventually ran out of money. Pretty sure they feel terrib
by paulftw 10y ago
They genuinely believed they were going to change the world, drank too much of their own kool-aid and eventually ran out of money.
Pretty sure they feel terrible right now and I don't think they slept well for the past 6 months.
Could someone reasonable see this coming before KS? Most likely yes. Would they get this far without taking big risks? Most likely no.
You feel angry you didn't get your pebbles, I feel angry I didn't get my two pebbles and a core.
Imagine how they feel - reportedly turned down $750 mil and less than a year later had to apply for a job at another struggling wearables manufacturer.
- yabatopia 10y agoYou can take the "going to change the world" too far. They are bankrupt and still believe they're "Making Awesome Happen". Investors lost their money. Suppliers will not get paid. Employees are losing their jobs just before Christmas. Customers will not get their orders. Current customers are left without support and - in the near future - a limited functioning device. How is that "Making Awesome Happen"? A more humble attitude would be more appropriate.
- Nition 10y agoI have to totally agree. Kickstarters fail, but this[1] is a gold standard of how not to write your "sorry, we failed" post. Ditch the marketing speak and the PR photos and just be honest with your customers. [1] https://www.kickstarter.com/projects/597507018/pebble-2-time-2-and-core-an-entirely-new-3g-ultra/posts/1752929 https://www.kickstarter.com/projects/597507018/pebble-2-time...
- nikanj 10y agoAre you sure investors lost their money, considering the Fitbit transaction and the usual liquadition preferences et al
- brlewis 10y agoFitbit is not a struggling wearables manufacturer. It is solidly profitable.