Crowdfunding scams

How not to buy a brick in a box off the back of a truck.
Anaxagoras
Posts: 22864
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan

Crowdfunding scams

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. A fool thinks himself to be wise, but a wise man knows himself to be a fool. William Shakespeare corplinx Posts: 20479 Joined: Tue Jan 29, 2008 12:49 am Title: Moderator Re: Crowdfunding scams 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. Anaxagoras Posts: 22864 Joined: Wed Mar 19, 2008 5:45 am Location: Yokohama/Tokyo, Japan Re: Crowdfunding scams 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- A fool thinks himself to be wise, but a wise man knows himself to be a fool. William Shakespeare Anaxagoras Posts: 22864 Joined: Wed Mar 19, 2008 5:45 am Location: Yokohama/Tokyo, Japan Re: Crowdfunding scams 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."
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare

Nyarlathotep
Posts: 48093
Joined: Fri Jun 04, 2004 2:50 pm

Re: Crowdfunding scams

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.
Bango Skank Awaits The Crimson King!

Pyrrho
Posts: 26313
Joined: Sat Jun 05, 2004 2:17 am
Title: Man in Black
Location: Division 6

Re: Crowdfunding scams

So apparently some kid's mom recorded a video of him crying about being bullied at school by black kids, posted it on Facebook, somehow it "went viral," tons of folks and celebrities jumped on the bandwagon to befriend him and offer him goodies and trips, a couple of crowdfunding efforts have netted about \$60k, and now it turns out that allegedly the kid's family is racist, complete with Confederate flags, and supposedly the black kids had been challenging him for using the "N" word, and now hilarity is ensuing on Twitter.

I would link to it but what for? Just another day on the Internet.
The flash of light you saw in the sky was not a UFO. Swamp gas from a weather balloon was trapped in a thermal pocket and reflected the light from Venus.

Doctor X
Posts: 68727
Joined: Fri Jun 04, 2004 8:09 pm
Title: Collective Messiah

Re: Crowdfunding scams

That is so awesome.

--J.D.
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Doctor X
Posts: 68727
Joined: Fri Jun 04, 2004 8:09 pm
Title: Collective Messiah

Re: Crowdfunding scams

Mob of the Mean: Free beanie, cattle-prod and Charley Fan Club!
"Doctor X is just treating you the way he treats everyone--as subhuman crap too dumb to breathe in after you breathe out."--Don
DocX: FTW.--sparks
"Doctor X wins again."--Pyrrho
"Never sorry to make a racist Fucktard cry."--His Humble MagNIfIcence
"It was the criticisms of Doc X, actually, that let me see more clearly how far the hypocrisy had gone."--clarsct
"I'd leave it up to Doctor X who has been a benevolent tyrant so far."--Grammatron
"Indeed you are a river to your people.
Shit. That's going to end up in your sig."--Pyrrho
"Try a twelve step program and accept Doctor X as your High Power."--asthmatic camel
"just like Doc X said." --gnome

WS CHAMPIONS X4!!!! NBA CHAMPIONS!! Stanley Cup! SB CHAMPIONS X6!!!!!!