Articles about crowdfunding

A bouncer. Pic: Shutterstock

Indiegogo to ailing ZX Spectrum reboot firm: End of May... or we call the debt collector

Retro Computers Ltd, the infamous ZX Spectrum Vega Plus firm, has been given until May by crowdfunding platform Indiegogo to deliver its years-late product or expect a visit from a “third party collections agency”. As reported by the BBC, Indiegogo – which has consistently kept the troubled campaign at arm’s length – has …

Crowdfunding refund judgment doesn't quite open the floodgates

Comment Yesterday's county court ruling that Indiegogo's Ts&Cs weren’t wholly relevant to the question "does a crowdfunding-backed company form a contract of sale with its customers?" won't quite open the floodgates for people who feel they've been ripped off. The decision by District Judge Clarke in the Luton County Court, England, …
Old pound coins in a stack

Crowdfunding small print binned as Retro Computers Ltd loses court refund action

A crowdfunding backer of Retro Computers Ltd has won his court claim for a refund against the Brit company for failing to deliver its promised product. The court, in south England, also ruled that Indiegogo’s terms and conditions were not relevant to the claim. At Luton County Court this morning District Judge Clarke ruled …
Gareth Corfield, 31 Jan 2018
Marcus Hutchins

Crowdfunding scheme hopes to pay legal fees for Marcus Hutchins

Exclusive A new crowdfunding appeal to help security researcher Marcus Hutchins has begun, after persons unknown spammed his old one with potentially ruinous credit card spam. Hutchins was the security researcher who found a way to cripple the WannaCry ransomware that took down a large chunk of Britain's National Health Service, amongst …
Iain Thomson, 28 Aug 2017

Here's the thing: We've pressed pause on my startup

Radbot Previously, you intimated that most of you would not relish a night out on the tiles with our team (boo). No pony for you So, it turns out that this is the real world, and even when the CEO wishes for a pony*, it doesn't always trot up. And that means, dear readers and commentards, that you get to hear when it doesn't go to …
Radbot teaser image by Damon Hart-Davis

Hardware ain't hard, money is: Crowdfunding, bootstraps and startups

Radbot Our quiz on startup branding revealed that a worrying number of you are not to be trusted with a hot iron - branding, soldering, or even wool setting, it seems. I made a slight oversight in that while in banking I did not "put aside" (as a friend calls it) the megabucks to become a gentleman of leisure and science, so we need …
Group of young people yawning/looking bored. Photo by shutterstock

A robot kitchen? Whatever. Are you stupid enough to fall for this?

Are you the sort of gullible idiot with millions of pounds or dollars to splurge on a “robot kitchen”? No, us neither. Hey, when you have a vaporware “startup” offering something like this, what's reality got to do with it? Moley – for that is this startup's name – is punting a robotic kitchen, which it claims can rival …
Gareth Corfield, 13 Oct 2016
A bunch of shadow people leg it across a backdrop of dollar bills (conceptual illustration)

SEC warns cybersecurity is biggest threat to financial system

The chair of the US Securities and Exchange Commission (SEC), Mary Jo White, has warned that the biggest risk the financial system faces is cybersecurity. Speaking at the Financial Regulation Summit in Washington DC, White warned the industry that their policies and procedures were not up to scratch and without them they faced …
Kieren McCarthy, 18 May 2016

Clive Sinclair Vega+ tin-rattle hits £300,000

Sir Clive Sinclair has tin-rattled his way to a wallet-bulging £300,000 towards production of the Sinclair ZX Spectrum Vega+, just three weeks after launching his Indiegogo fundraising campaign. The Vega+ is enthusiastically described as "the world's only hand-held LCD games console with 1,000 licensed games inside that can …
Lester Haines, 8 Mar 2016

So why exactly are IT investors so utterly clueless?

Something for the Weekend, Sir? Are you thick or what? No, really, how else can you explain why you invest vast sums of money on daft schemes that nobody wants? Long-time readers of this column may remember my little Tech City adventure a while back, in which I managed 2,000 sq ft of chic hipster office floorspace in the heart of London’s so-called "silicon …
Alistair Dabbs, 27 Nov 2015
Toilet roll printed with fake US $100 bills

Buy a slice of the next Facebook with just your credit card and browser

America's financial watchdog says anyone with spare cash will be able to buy a slice of a startup online without having to fill out mountains of paperwork. Until now, if you fancied plowing your some of savings into a fledging biz – say a trendy but privately held San Francisco tech upstart – there are all sorts of …
Iain Thomson, 30 Oct 2015
Renderings always look great

LASER RAZOR blunted by KickStarter ban

KickStarter has suspended funding for the Skarp Laser Razor, a crowdfunded effort to replace conventional razors with a laser-powered shaving implement. Reg readers have shared a KickStarter communique in which the crowdfunding platform says “we’ve concluded that it is in violation of our rule requiring working prototypes of …
Simon Sharwood, 13 Oct 2015
The doom that came to Atlantic City

FTC lunges at Kickstarter bloke who raised $120,000 – and delivered sweet FA

The FTC has brought its first lawsuit against a guy who bagged thousands of dollars from a Kickstarter campaign and failed to produce anything substantial. Erik Chevalier was accused of raising $120,000 in funds on Kickstarter with promise of developing a game called The Doom that Came to Atlantic City, but then allegedly used …
Shaun Nichols, 11 Jun 2015
Exploding Kitten Goal Cartoon

What gets the internet REALLY excited? Kittens? No. EXPLODING Kittens

Sysadmin Blog Let the internet run amok for long enough and you'll eventually find someone making millions with exploding kittens. Curious? Well look no further, because the internet has delivered! As of the time of publication, Exploding Kittens: The Card Game has achieved $3,207,001 of its $10,000 goal with 27 days left to go. Exploding …
Trevor Pott, 26 Jan 2015
 The Sinclair Spectrum Vega design.

Sinclair is back with the Spectrum Vega ... just as rubbish as the ZX

Comment The Spectrum fanbois at Retro Computers have enlisted the help of Sir Clive to launch a new crowd-funded Spectrum clone. The Sinclair Spectrum Vega is a console that plays games from the '80s – complete with piezo speaker-generated sound and attribute clash. The Vega is being marketed by Retro Computers Ltd, a Luton-based …
Simon Rockman, 2 Dec 2014
George Bush in Game of Thrones

Game of Thrones scribe George R R Martin will KILL YOU for US$20K

Game of Thrones author George R R Martin is running a crowdfunding campaign in which he promises to kill you for US$20,000. The writer has launched the campaign to support a wolf sanctuary near his home in Santa Fe. As is the case with most crowdfunding capers, this campaign offers rewards of increasing value for …
ISEE-3 hackers prepare to reboot spacecraft

Space hackers prepare to reactivate antiquated spacecraft

A team of space enthusiasts has picked up the first new contact with International Sun/Earth Explorer 3 (ISEE-3) probe and is preparing to fire its boosters for the first time since 1987, after a team of privateers crowdsourced over $125,000 for the project. ISEE-3 hackers prepare to reboot spacecraft ISEE-3 hackers prepare …
Iain Thomson, 20 May 2014
Photo of a Sprite

Did cosmic radiation nuke $25 satellite swarm? 100 snoozing Sprites face fiery death

Bad news for lovers of amateur space exploration: a crowd-funded project that managed to send aloft 100 tiny satellites around Earth looks set to fail. The project in question is the KickSat, which kicked off in 2011 with the promise to create 100 satellites, each about the size of a pair of postage stamps and dubbed 'Sprites …

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