Skully has crashed and burned
techcrunch.com
Skully has crashed and burned
1–10 of 112 posts
Re: Skully has crashed and burned
#2How did payments work for this? In the UK - I don't know about the US where this was presumably 'on sale' - you can issue a chargeback against the credit card company if a sale falls through in this manner.
Re: Skully has crashed and burned
#3For those of you going through this for the first time, this is what the loss of "loose money" feels like. For some it will feel "sudden" but it started last year. "Big name" startups were getting re-valued downward by their investors and founders trying to raise a series A or B kept getting "we would prefer to follow in this round, rather than lead it."
I feel for the employees. One of my friends in the dot com bust showed up for work to find the doors locked and a line of other employees outside. A security guard was there who would escort the employee inside, they were given a box and supervised while the put their stuff in the box (and it was inventoried by the guard) and then they were allowed to leave and the next person was let in. No linkedin or big social media at the time so they didn't know that the 3 founders were all now at Apple, that Monday had been the founder's first day in their new jobs. The dissonance was huge, it was if the startup had never even existed. It took 3 months but his final paycheck arrived, written out by a legal firm representing an insurance company.
Default dead, or default alive. That is a really important question right now.
Re: Skully has crashed and burned
#4I recently installed a Sena BT system for my helmet. And I'm fairly pleased with it.
It would be nice to have a HUD for driving directions, but relying on just the voice prompts is usually sufficient.
The Skully design is neat, but I don't see a big enough market for it.
Re: Skully has crashed and burned
#5[deleted]
Re: Skully has crashed and burned
#6Well that's a lot of sad. I was following the helmet project and thought it was a great idea ... should I ever (be foolish enough to) buy another motorbike.
Some rear view mirrors are just ludicrously small. Having the rear view projected inside the helmet's AR display would be a massive boost to safety and confidence, as any rider who has ever waited at lights should be able to tell you.
I feel sorry for the engineers working on this, who will not be able to bring it to the light of day, and for all those who already paid for theirs should chargeback not be available.
Re: Skully has crashed and burned
#7For those of you going through this for the first time, this is what the loss of "loose money" feels like. For some it will feel "sudden" but it started last year. "Big name" startups were getting re-valued downward by their investors and founders trying to raise a series A or B kept getting "we would prefer to follow in this round, rather than lead it." I feel for the employees. One of my friends in the dot com bust…
My question is that with 10 trillion dollars in bonds that the lender now has to pay in order to lend to the Swiss / US / Japanese governments, just how good does the likely return on startups have to be to get some of that money re-investing?
Or is it simply that with wars, elections, terrorism and Brexit, everyone is scared?
Re: Skully has crashed and burned
#8For those of you going through this for the first time, this is what the loss of "loose money" feels like. For some it will feel "sudden" but it started last year. "Big name" startups were getting re-valued downward by their investors and founders trying to raise a series A or B kept getting "we would prefer to follow in this round, rather than lead it." I feel for the employees. One of my friends in the dot com bust…
"we would prefer to follow in this round, rather than lead it."
There are some legal reasons for this if it's a down round. If the initial investment is in one fund, and there's a down round in another, they need someone else to drive pricing so that it doesn't look like they're favoring one fund at the expense of the other. (I'm not sure why this isn't an issue during an up round)
Re: Skully has crashed and burned
#9For those of you going through this for the first time, this is what the loss of "loose money" feels like. For some it will feel "sudden" but it started last year. "Big name" startups were getting re-valued downward by their investors and founders trying to raise a series A or B kept getting "we would prefer to follow in this round, rather than lead it." I feel for the employees. One of my friends in the dot com bust…
I also feel for the junior developers being minted in droves from the various bootcamps across the country, but particularly in the SF Bay Area. Since we have it the hottest here, the pain will be the most acute as well when the downturn finally arrives in full force. Those who believed in the narrative that a 10 week developer bootcamp was the ticket to a good job in the "new era" will be in for a rude awakening. It'll be akin to the Law School false promises (though not nearly as severe with respect to time and financial commitment and loss).
I hope they have made contingency plans, or have pursued robustness in their skills.
Re: Skully has crashed and burned
#10Why was actually wrong with the company? I did not understand what caused them to stop operations. Also, the HUD seems to be a very useful thing for GPS navigation (IDK if the rear view is all that useful, but GPS certainly is).