Caveat Backer

Is This Overfunded Sandals Project the Biggest Kickstarter Flop Yet?

vere fire 2

Bad news for those among Vere Sandals’ 1,091 backers on Kickstarter who still haven’t received their footwear: The factory caught on fire and your sandals may have gotten burned up. Really.

At least Vere’s creators are offering to negotiate “options” to fulfill its obligations to backers and has refunded some pledges. Because the situation at this point is best described as a quagmire. The creators posted a request for funds in January, 2011, saying they had the equipment and the experience necessary to make a bunch of sweet, eco-friendly flip-flops right here in the U.S.A. (“I LOVE FLIP FLOPS!!” one backer commented at the time.) But the Geneva, New York-based operation has struggled monumentally with actually making and shipping sandals for a year and a half after raising $56,618 of its $12,000 goal. Read More

Kickstarted

Caveat Backer! Vere Sandals, Overfunded Kickstarter Project, Fails to Deliver

vere sandals

Back in March, a project on Kickstarter for American-made flip flops “with an eye on the environment” raised $56,618 of its $12,000 goal in order to build a sandal-making factory in the small town of Geneva, New York. The creators of Vere Sandals—John Eades and Michael Ferreri, who describe themselves as childhood friends—said they had the equipment and the experience, but needed the money for production costs. The project has had repeated delays with sporadic updates from the founders. Almost 10 months later, many of the 1,091 backers are steaming.  Read More