Crowdfunding projects give customers the power to invest in something they believe in and an entrepreneur can make their dreams a reality. It can provide customers innovative products, but often they fail to deliver on their promises.
Here are the names of Top 3 crowdfunded projects that disappointed –
- Laser Razor – If it sounds too good to be true then it probably is. This is demonstrated by Laser Razor which was proposed by the company “Skarp.” People loved this product so much that “Skarp” collected over 4 milion dollars at Kickstarter. But soon it became obvious that “Skarp” will not be able deliver. The prototype was a far cry from their original product and constant delays on their timeline sealed the fate of the product.
- Ouya Gaming Console – the Ouya, a $99 Android-based video game console was funded on Kickstarter in 2012. With this lightweight console customers would be able to play android video games specially made for this console on TV. But when the product was finally delivered it had many problems. The controller was not that good, there was a tiny collection of games and developers didn’t back up Ouya because it was almost impossible to make money on Ouya exclusive games because people played android games on their handheld devices rather than on TV. It sold only a fraction of units and the hype died.
- Skully AR-1 Helmet – Skully AR-1 is a motorcycle helmet with loads of technology in it. It had a Rear Camera, built-in HUD, GPS, Music, Bluetooth. It collected over $2.3 million dollars at indigogo.com and was priced at $1500. In reality it was a great product but it was too expensive to produce. Latest update is that last week the management finally accepted that they were closing and filed for bankruptcy. A Chinese conglomerate was in talks to acquire Skully but that also broken down.