Kickstarter hires reporter to probe startup that collapsed after raising $3.4M
In a first, Kickstarter has hired a journalist to look into how its largest-funded European project ever suddenly imploded.
Last month, Kickstarter said it was baffled as to how British drone startup Torquing Group raised £2.3 million ($3.4 million)—only to totally fall apart in less than a year. Kickstarter's announcement of its bewilderment came weeks after the startup's cofounder and CEO Ivan Reedman abruptly left the company, citing “personal health issues and irreconcilable differences.”
Ars visited the company's headquarters in western Wales in April 2015, months before they were supposed to be shipped, but did not get to see a working prototype.