When backers of the Kreyos smartwatch Indiegogo campaign were promised a cutting edge wearable and received an inferior, junk product, they were upset and confused. When they saw pictures of Kreyos founder Steve Tan with a Ferrari, they felt totally cheated.
After seeing our reporting on the Kreyos disaster and similar dubious campaigns, Indiegogo reached out to Kreyos and encouraged the company speak out. This morning, Mr. Tan himself went to the official Kreyos Facebook page to issue his response.
Anyone with Facebook knows what it’s like to be solicited by some annoying friend for a Kickstarter campaign to fund their upcoming album or MFA film thesis. But beware: it turns out that sometimes, that spirit of charity can give way to compulsively giving money to every campaign that needs it.
“Backers” is a possibly upcoming documentary about compulsive crowdfunders by Ana Barredo, a filmmaker and production manager. She originally set out to take a look at why people give money to crowdfunding projects in general, but stumbled upon a subset of users who seem unable to stop donating to hundreds of campaigns at a time.
Beef in the Crowdfunding Game
Crowdfunding site Indiegogo released a diversity report this morning outlining their company’s gender and racial make-up.
Tech Dirty to Me
Crowdfunding sites like Indiegogo and Kickstarter can be a great place to make impossible dreams come true. Some campaigns are total pipe-dreams, sure, but they at least they often have a few working test models and a real plan. Others are simply empty promises and total trash.
The latest dubious campaign is the Kreyos smartwatch, which promised a waterproof, voice-activated wearable device. As revealed by Android Police late last night, the project founders never delivered on their promise, refused refunds, and have since made off with the cash.
the future is now
Perhaps in an attempt to cash in on the viral success of the Autoblow 2, a new purportedly “revolutionary” sex toy for women launched a crowdfunding campaign on Indiegogo last week.
It’s called the Glov — a silicon rubber glove that “provides [users] with a superior way to masturbate,” according to the campaign page. The Glov features a port on the underside of the fingers where users can attach a rabbit vibrator or dildo, and thereby manipulate the toys with just their fingers, as opposed to their full arms. Once the attachment is fastened to the port, its vibrations can be controlled by buttons on the back of the Glov.
The Equity of the Crowds
Every once in a while, someone will share that obnoxiously photoshopped meme of the date in Back To The Future 2 when we’re supposed to have the flying cars and hover-boards. The truth is that our world looks much closer to Marty McFly’s 1985 than it does to the fictional 2015. But every once in a while, we get a small taste of that Jetsons-style future.
A Kickstarter to fund the first batch of motorized roller-skates, called RocketSkates, has gone well beyond their $50,000 goal to raise almost $500,000 — a milestone they’ll surely reach by the time the campaign ends in 7 days. Once the Kickstarter is finished, they’ll go into mass production, and the skates will be shipping “well before Christmas,” a company representative told Betabeat.
The Equity of the Crowds
Crowdfunding began as a cool way for your college roommate to raise money to finally record his first album, but has quickly gone on to be a bigger part of how the tech industry does business.
CB Insights, a research analytics firm that bills itself as the “OkCupid for venture vapitalists,” has released the first study of crowdfunding’s growing role as a serious part of the tech business. The survey took a look at every crowdfunded tech hardware project on either Indiegogo or Kickstarter, which came out to 443 projects.
Quick, who is the first name you think of when someone says crowdfunding? We bet it’s Kickstarter. That name has become synonymous with using the crowd to fund projects that would otherwise never see the light of day. But the truth is, crowdfunding really owes its roots to Indiegogo.
They may not have the same notoriety, but Indiegogo CEO and cofounder Slava Rubin is having a great year. They’ve rebranded the site, raised a $40 million Series B, and as of this morning, launched their new mobile app.
XXX in Tech
By now, anyone who doesn’t live under a rock knows Kickstarter and similar crowdfunding sites have hosted some interesting campaigns (potato salad, largest dick drawing, etc.)
It’s also no secret that some of these than less stellar campaigns come with even less stellar homemade videos. For laughs, Betabeat has compiled a list of some of the worst.
The Fourth of July weekend might be over, but there’s still reason to celebrate: the makers of the Autoblow 2 today started shipping out their highly-anticipated electronic oral sex simulator.
In case you missed it, the Autoblow 2 is an electronic blow job machine that received funding through a wildly successful Indiegogo campaign. Users plug the cylindrical device into the wall, and insert their penises into the sleeve. Beaded rings then slide up and down the sleeve, delivering — or so the company claims — the same sensations as a regular human blow job.