Another $1m Kickstarter project has gone bust, and no, you’re not getting any money back

Whether it’s Zano’s high-profile bankruptcy (and subsequent post-mortem) or LightFreq’s complete disappearance altogether, it seems like another big-money crowdfunder flop is just around the corner. The latest tech project to fall victim of a case of reality not being able to stand up to its ambition is the CST-01, which proudly boasted of being the thinnest watch in the world on its Kickstarter page. Over the course of the campaign, Central Standard Timing raised $1,026,292 to bring the prototype to mass production. Unfortunately, that was way back in 2013, and the last project update was a rather negative explanation of why it…
This story continues at The Next Web




