Pebble Watch Donors Watch Doors Close

If you’re still waiting for that tech marvel the Pebble Watch that you pre-bought on Kickstarter, forget it. It’s not coming.

Pebble was bought by FitBit for only $10 million more than it raised by crowdfunding (a record at the time). FitBit says that it is shuttering Pebble, taking its intellectual property and some (not all) employees and moving on.

Watch for your refund in the mail.

The good news is that if it was an equity crowdfund raise, you would get nothing back.
http://www.wsj.com/articles/pebble-to-shut-down-as-fitbit-acquires-team-1481126586

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, checkbook, Congress, Crowd Fund Act, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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