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Sudhanshu , Live and let live Dec, 08 2016

Pebble watches, the biggest success of crowdfunding shuts down. What does this mean for crowdfunding platforms?



According to Crunchbase, Pebble had raised $15.38M since being founded back in 2009, with a large chunk of its funding coming via the Kickstarter crowdfunding platform.

Pebble winding down is, inevitably, a high-profile disappointment for crowdfunding — whose platforms hold out the promise of a leg up for small innovators, yet have fewer solutions for longer term business sustainability in the face of more powerful market forces.

Does this mean crowdfunding just like crowd is getting stupider?

According to Crunchbase, Pebble had raised $15.38M since being founded back in 2009, with a large chunk of its funding coming via the Kickstarter crowdfunding platform.Pebble winding down is, inevitably, a high-profile disappointment for crowdfunding — whose platforms hold out the promise of a leg up for small innovators, yet have fewer solutions for longer term business sustainability in the face of more powerful market forces.Does this mean crowdfunding just like crowd is getting stupider?