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View Full Version : Ubuntu Edge Missed Its Crowd Funding Goal; Will Have to Refund Pledges



dgstorm
08-22-2013, 04:18 PM
http://forumfoundrycdn.com/dgstorm/df2013/ubuntu-edge-mockup.jpg

The folks at Canonical have a bitter-sweet pill to swallow. Their Kickstarter crowd-funding goal for the cool new Ubuntu Edge smartphone missed its target by a long-shot. They will now have to issue a refund to all those who pledged money to their cause.

Despite that, they still raised more in a crowd-fund than any other company has before them. This means they have an exciting product, but that their initial goals were a bit lofty. They were shooting for a whopping $32 Million dollars, and although they missed it, they scored a total of $13 million, which is still phenomenal. Here's a quick quote with more of the details,


The campaign ended up raising just over $12.8 million, which is still the most money that any crowdsourced project has ever raised, beating the Pebble smartwatch by a couple million dollars. Of course, the price of the phone had a lot to do with the quick funds raised. Each backer had to kick in almost $700 if they wanted a Ubuntu Edge smartphone.

Because of that, the campaign skyrocketed to a crazy $3.4 million within 24 hours of the start, but contributions remained stagnant after that point, forcing Canonical to lower the cost of the phone in order to raise more money in a timely fashion.

Almost 20,000 people backed the campaign, which is pretty impressive. The company even noted that other businesses chipped in just to help out a promising project, including Bloomberg LP, which donated $80,000, as well as several smaller businesses chipping in a few grand here and there.

Perhaps this was simply an experiment to see how close they could come. It's probably an easy wager they will come back with a similar and more feasible project in the future. Sound off what you thought of the Ubuntu Edge phone, and whether it will be resurrected from the ashes like a Phoenix?

Source: SlashGear (http://www.slashgear.com/ubuntu-edge-misses-crowdfunding-goal-by-a-long-shot-22294572/)

CR6
08-22-2013, 05:02 PM
I watched a couple YouTube videos earlier this year about this phone and the whole Unbuntu concept, and it really was quite intriguing. I honestly didn't think it was leaps and bounds above what's already out. Since following them the short time I have been, it's been clear during the whole journey, that it takes a lot of hard work and a bottomless checking account, to start a new phone brand.
I think the competition would be great, but unless someone comes along and writes them a huge check, I don't see this phone coming to fruition anytime soon.
Hopefully I'll be proven wrong.

tap'n

SLAG IT!
08-22-2013, 08:43 PM
I couldn't agree more.