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.