Crowdfunding scams

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Anaxagoras
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Crowdfunding scams

Postby Anaxagoras » Tue Mar 29, 2016 7:12 am

If some awesome new technology sounds too good to be true, it probably is. And if they have a crowdfunding page, well, caveat emptor.

Latest case in point:
Underwater Breathing Device Has $820,000 Of Funding Despite Being Scientifically Impossible

Would be cool if real, but appears to be nothing more than a scam or extremely wishful thinking.

Triton not. Dive, or dive not, there is no Triton.

It does look a lot like the devices the Jedis used on Naboo to breathe underwater.
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Re: Crowdfunding scams

Postby corplinx » Tue Apr 05, 2016 4:12 am

I used to frequent the most popular scuba forum. There were always quack inventions popping up and people with actual engineering degrees pissing on them. Fins are a popular thing for instance for companies to make ridiculous claims about.

The most popular technical diving fin is one of the oldest and most simple designs.

I made a mental note after I saw this thread and finally got around to checking back there.

"This whole thing is a scam and fraud as presented." Pretty quickly too. The most advanced divers who work with rebreathers call bullshit on things pretty quickly. From the time the guy posted that, the kickstarter jumped 700k in funding. All that to make a Sharper Image level product.

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Re: Crowdfunding scams

Postby Anaxagoras » Tue Apr 05, 2016 7:44 am

Actually, it looks like they have less funding now than before. I did notice some comments from people asking for refunds.

It is possible to get your money back from indiegogo if the money hasn't been transferred yet:
https://support.indiegogo.com/hc/en-us/ ... oney-back-
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Re: Crowdfunding scams

Postby Anaxagoras » Mon Aug 28, 2017 4:06 am

More suckers:

Crowdfunding disaster: Silicon Valley startup takes customers’ money, shuts down

Kanoa won’t ship its $300 earphones to customers who pre-ordered them


First of all, $300 for ear buds? Wireless ear buds, but still. 300 beans.

A Bay Area startup that promised to give music lovers state-of-the-art wireless earphones is instead closing its doors, becoming the latest in a string of crowd-funded companies to take customers’ money and shut down without shipping a product.

San Francisco-based Kanoa ran out of capital and shut down this week, leaving in the lurch scores of customers who paid $150 or more to pre-order high-tech earphones they never received. The company emailed customers on Wednesday to break the bad news, directing them to a letter posted on the Kanoa website.

“This is not the outcome we had foreseen, and with the quick turn of events, we are emotionally overwhelmed,” the company’s website stated. “We know you are disappointed, and can only ask that you understand that we genuinely tried.”


Well, as long as they "genuinely tried." :roll:
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Re: Crowdfunding scams

Postby Nyarlathotep » Mon Aug 28, 2017 3:11 pm

I must be lucky in that I participate in a lot of Kickstarters (usually for gaming stuff), and have been ripped off exactly zero times. Had a couple of things very late but never had it not come through. In one case the guy running the kickstarter actually died in mid development and the guy's estate refunded everyone's money.

Of course, I suppose the difference is that games are different than some of these gadgets is that games rarely make promises that are scientifically impossible. You can deliver with a crappy game and still legitimately say you kept up your end of things. Because 'Crappy game' is subjective. When you promise more than you can deliver with technology, its a lot more cut and dry.


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