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Articles Tagged:

Kreyos Meteor

150

Utter Failure Of Kreyos Smartwatch With $1.5 Million In Backing Shows The Continued Perils Of Hardware Crowdfunding

Crowdfunding complex hardware is risky business, and it seems that risk is something backers of the Kreyos Meteor smartwatch are becoming all too familiar with.

The Kreyos smartwatch (red flag #1) began as a flex-funding campaign (red flag #2) on Indiegogo (red flag #3) in July of 2013. After raising $1.5 million - $1.4 million more than their original goal - Kreyos set to work creating its seemingly well-funded, purportedly unique product.

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17

Kreyos Meteor Smartwatch Completes Indiegogo Campaign With More Than 15x Its Funding Goal

Kreyos came to Indiegogo in June asking for $100,000 to get their Meteor smartwatch to market. It's been nearly two months, and the company is walking away with over $1.5 million instead. People clearly want a smartwatch done right, and this speakerphone-equipped model, with its relatively small promises compared to other offerings, looks quite feasible.

Kreyos5 

The Meteor comes with a backlit "special LCD" black and white non-touch display. Wearers can issue voice commands, activate gestures by moving their wrists, or fall back to the traditional buttons situated on both sides of the device.

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