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Pebble's next step

blog.getpebble.com

61–70 of 457 posts

Re: Pebble's next step

#61
post #33
post #10

> Warranty support is no longer available for Pebble watches. That's not very nice.

Also not super legal, probably. I'm sure if you have a problem, you could argue that Fitbit needs to handle it.

That might be why they said they're dissolving the company and "many members" of their team will be moving to Fitbit.

Re: Pebble's next step

#62
post #38
post #26

I guess their latest Pebble version didn't get the sales they expected. Definitely surprising that they weren't able to sell the company - they had the brand and a loyal customer base. As an owner of a Pebble Time, I was impressed by the integrations, simplicity of design, and battery life. I wonder went wrong - hopefully, there will be some type of post-mortem on these "various factors" over the next few weeks.

> Definitely surprising that they weren't able to sell the company They sold their liabilities to Fitbit . Wasn't Pebble valuated billions of dollars a few years ago? Something went terribly wrong.

Highest reported buyout offer was $740 million from Citizen.

Re: Pebble's next step

#64
I'm quite angry. This sucks so bad. I "ordered" a Time 2 via Kickstarter.

I'm glad they are refunding me, but that makes me think... WTF, did they not produce any Time 2's? Or are they all going to the landfill? How long have they been knowing that they are going to be insolvent? This doesn't happen overnight! Was the last Kickstarter a gamble?

Why does everybody have to aim for total market dominance to be successful? They overreached and now the customers suffer. There should be a place for "small" manufacturer selling a niche product ("small" with a certain understatement like German "Mittelstand" enterprizes - I mean Pebble sold millions of units). If they had to increase the price by 10% to be sustainable, they still would have smashed the Kickstarter.

Sometimes I think there is a secret cabal conspiring so we can't have nice things ;-). The same one that decided that cell phone batteries have to be non-removable, touchscreens glossy, and wearables either mini-smartphones or bluetooth-step-counters.

Re: Pebble's next step

#65

This is tragic; I was waiting on a Time 2, but looks like no longer. What else is around in this niche now? Are there other relatively cheap, simple smart watches with good battery life that I should be looking at instead?

Yeah, I've been waiting on my pre-order Pebble 2 HR to arrive, but will certainly be cancelling, presuming there's anyone left in the building to accept the cancellation.

Would love to know what the alternatives are, as I've been tired of the low build-quality of my Fitbit and really want something much nicer and closer to a smart-watch.

Re: Pebble's next step

#68
post #33

Earlier quoted context omitted.

Also not super legal, probably. I'm sure if you have a problem, you could argue that Fitbit needs to handle it.

Depends exactly what they bought. Those liabilities might be owned by the remaining shell which is now in administation or a vapour-like "parent company" rather than having been transferred to fitbit. Maybe not moral, but quite probably perfectly legal.

I was not involved in the structuring of this deal, but have been involved in deals like this one. The terms are very arduously worked through to make sure the asset acquirer isn't accidentally picking up a liability they don't want.

Regarding the morality question: consider the alternatives. The moral choice is in the hands of the seller. A buyer is an option among many.

Re: Pebble's next step

#69

Earlier quoted context omitted.

Why do you think they failed? Didn't FitBit just buy them?

Well, it was a acquihire, which is kind of sad. Not a failure for investors, perhaps, but certainly for their customers.

> FitBit bought just their software assets for under $40 million. In 2015, Citizen offered to buy the whole company for $740 million.

I'd say that was a failure for Pebble investors as they raised $58.81M according to crunchbase.

Re: Pebble's next step

#70

I'm quite angry. This sucks so bad. I "ordered" a Time 2 via Kickstarter. I'm glad they are refunding me, but that makes me think... WTF, did they not produce any Time 2's? Or are they all going to the landfill? How long have they been knowing that they are going to be insolvent? This doesn't happen overnight! Was the last Kickstarter a gamble? Why does everybody have to aim for total market dominance to be successfu…

> Was the last Kickstarter a gamble?

_All_ Kickstarters are gambles. Their messaging[1] is pretty clear in the fact that you aren't buying a product, you're contributing money with the hope that the maker will deliver on their promises.

[1] https://www.kickstarter.com/blog/kickstarter-is-not-a-store

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