BREAKING: iFind Kickstarter Funding Suspended

We recently covered the local Kickstarter campaign for the iFind — a super useful device that will help you locate just about any object, using Bluetooth technology.

The campaign wasn’t just successful — backers for the project blew the $25,000 goal out of the water. The campaign raised over $560,000.

But today Kickstarter suspended the campaign.

Kickstarter notified backers, stating that the “project has been suspended,” because one or more of Kickstarter’s rules had been violated.

  • A related party posing as an independent, supportive party in project comments or elsewhere
  • Misrepresenting support by pledging to your own project
  • Misrepresenting or failing to disclose relevant facts about the project or its creator
  • Providing inaccurate or incomplete user information to Kickstarter or one of our partner

iFind updated their supporters today on their Facebook page, stating:

The negative publicity surrounding the campaign by a select few was detrimental not only to Kickstarter’s reputation, but our company as well. Because of all the negative press that was generated by it, we had seriously considered canceling as well. But we believe in our product and wanted to be able to give all the genuine backers who supported us throughout all of this negativity, the product they wanted and believed in. We stand proud. We will start selling the product when it is completely certified by independent laboratories. We welcome our supporters to continue to get updates at our website (www.wetaginc.com) and via social media and we look forward to a successful launch in the fall.

  • Rachel is a freelance writer and works at Soap Hope in downtown Dallas. She hates the term “disrupt,” tweets about startups, and appreciates a well-crafted hashtag.

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