I know that you can’t guarantee that a Kickstarter project will come about. But when a project raises $1.5m+ and ends up with less than £20k in the bank you have to ask about why and how that happened. This is the case with the Blocks Smartwatch. It did really well on kickstarter and now is in receivership. I’m annoyed about this.
No one is going to get what they ordered. No one is going to get their money back. How do you turn all that cash into a complete failure? I just don’t know.
It makes me, and I’m guessing the other 500 odd backers, a lot more cautious about putting down money for Kickstarter campaigns that may never see the light of day. I’ve still got a couple that are now years behind schedule and fairly doubtful about. These days I find myself resisting most interesting ideas on Kickstarter simply because of being burnt once already.
I would have liked to have seen this device come to life. I think the idea of modular things, but perhaps it was just never to be.