Home Business This Story is Anything but Peachy…

This Story is Anything but Peachy…

by

Like many crowdfunders before him, the founder of the sub-$100 3D printer Peachy completely misjudged the delivery estimate he promised to the 5,000+ backers who pledged a total of $651,091 *CAD to his Kickstarter project in 2013.

In the 60+ backer updates that followed, Peachy CEO Rylan Grayston seemed to be 100% transparent about the cause of the delays, but in a bizarre turn revealed in an even more bizarre video, Grayston stated the real issue plaguing his company was the fact that his co-creator embezzled more than $320,000 CAD to build a new house.

*Canadian dollars

Thomas Schroder, Krowdfund.com

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Atlanta 100