this post was submitted on 18 Mar 2025
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I'm pretty excited about this; my Pebble Time was the best watch I've even owned - smart or otherwise.
That said, I don't think I'm going to be preordering this given how badly the last Pebble Kickstarter went. For those who weren't around at the time, Pebble (whose CEO is behind this venture) built his whole business around Kickstarter. The first 2 generations were wildly successful, but for the third generation they massively overextended themselves trying to get hardware into mainstream retailers, prioritised building stock for retail channels (because contracts) and ran out of cash before shipping for the majority of backers who had bankrolled this whole thing. Eventually everyone who hadn't had their orders fulfilled got a refund, but that was only because FitBit decided to buy them. Eric seems like a nice guy and great at the technology - and I'm not saying that I could run a business any better - but I think I'll wait until there is stock on hand for me to buy outright before I hand over my cash
From their FAQ, emphasis mine:
So yeah, I’d say your take is pretty accurate. At least they’re honest lol
My concern isn't that things will get delayed, it's that I'll give them my money and get nothing in return
That's. Uh.. the entire idea of a kickstarter.
It may crash and burn. Don't want that, don't back anything on kickstarter.
The idea is that you judge each Kickstarter venture on its likelihood of doing that vs actually delivering.
Honestly that is something I’ve always been ok with on Kickstarter. But it’s 50% scams now of people who never intended to deliver anything in the first place and Kickstarter is taking a lot of steps to protect the scammers in this. The only reason I ever back anything on there anymore is because of campaigns by companies I trust will at least try. I trust Pebble will try, so I personally am very tempted.
... so I shouldn't use the CEOs history of bankruptcy and failed a Kickstarter when judging if I think it is going to succeed or not?