The timeline of the campaign makes it pretty clear that either: 1) they knew they were insolvent, and wouldn’t be able to continue or 2) the campaign was use

The timeline of the campaign makes it pretty clear that either: 1) they knew they were insolvent, and wouldn’t be able to continue or 2) the campaign was used to demonstrate market demand to enable their sale to Fitbit Edit: also, they sold for $23 million [1], total pledges were for about $13 million, and not everyone got a refund [2] [1] https://www.businessinsider.com/fitbit-bought-pebble-for-23-million-2017-2?op=1 https://www.businessinsider.com/fitbit-bought-pebble-for-23-... [2] https://www.kickstarter.com/projects/getpebble/pebble-2-time-2-and-core-an-entirely-new-3g-ultra/comments https://www.kickstarter.com/projects/getpebble/pebble-2-time...