Reddit roundup: the Peachy Printer collapse and what backers learned
Delivery Delay · PledgeRadar Editorial ·
In 2016, the creator of the Peachy Printer, a $100 3D printer that raised about $650,000 on Kickstarter, told backers the company had run out of money and could not deliver, blaming the alleged misuse of funds by a former partner. The case was widely reported, including by the BBC.
Commenters reacted to the update and drew lessons about how hardware projects hold funds.
What Reddit users said
Shared the BBC's news coverage of the collapse for context.
Original commentFound the tone of the creator's update condescending and didn't find its assurances convincing.
Original commentDidn't back it but had hoped it would succeed, and believes a project this fragile can be ruined by a single bad partner.
Original commentWent through a similar situation and only shipped about two years late thanks to finding alternative funding. Hardware is hard, and a lot goes on behind the scenes that backers never see.
Original commentAsked why that much money would ever be kept in a personal bank account when setting up a company account is simple.
Original commentSource: Three years after raising $650,000 on Kickstarter, Rylan Grayston, inventor of $100 Peachy Printer, tells backers company is broke and will not deliver due to fraud! (r/kickstarter)
Replies in this roundup summarize public comments posted on Reddit and are credited to their original authors, with links to the source. They are third-party opinions, not statements by PledgeRadar or its members. PledgeRadar does not verify these claims and accepts no legal responsibility for the content of community discussions.