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Hello's Sleep-tracking Kickstarter Hit, Which Raised Over $42M In Three Years, Collapses (bbc.com)

Reader AmiMoJo writes: A sleep-tracking tech start-up founded by a Briton, which was one of Kickstarter's biggest success stories, has collapsed. Hello raised more than $2.4m (1.9m pound) for its Sense bedroom monitor via the crowdfunding site in 2014, and went on to attract a further $40.5m. Private backers included Singapore's sovereign wealth fund Temasek and Facebook Messenger chief David Marcus. Hello confirmed it would "soon be shutting down", via Medium's news site. The equipment produced a unique score for the previous night's sleep and aimed to wake the owner up at the best point in their sleep cycle.

2 of 100 comments (clear)

  1. Re: milli by CrimsonAvenger · · Score: 3, Informative

    the project would of been a success.

    Try "would've". Or "would have".

    --

    "I do not agree with what you say, but I will defend to the death your right to say it"
  2. Wow! A crowdfunding project that failed?!?! by kaizendojo · · Score: 4, Informative

    It's more newsworthy when one actually succeeds. I've been in 5; one of which was the fabled Kreyos Smart Watch massacre (which I recently found when cleaning up and promptly threw away), two which were DOA and got cancelled before production (at least I got my money back), one which turned out to be a repacked speaker from a Chinese company (for twice the price). The last debacle was the Qube Smart Lights which are over a year late and new lies everyday. Never again. I see "crowdfund" in an article and I don't even click anymore.