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Update: Pinshape Resurrected

by • March 31, 2016 • No Comments

  • The 3D printing industry has not been kind to quite startup that has entered this bold and new space. It may be a effortless progression of new hyped industries, but it’s sad to see tiny firms fade away as the hype dies down. But a few companies may desperately burn bridges with customers, others drop out with a additional positive reputation. I may venture to argue that Pinshape, that in our day revealed the close of operations, falls into this latter category.

    pinshape shutting down

    In response to a Facebook post regarding the news, a number of users seem saddened to see their community go. In fact, the blog relaying the news was inundated with visitors that it crashed. Fortunately, Pinshape CEO Lucas Mattheson was able-bodied to send me the text. The startup states that the site can end service on March 31, not for lack of good outcomes in terms of community growth and engagement, but a lack of investor confidence in the consumer 3D printing market. Referencing the close of Amazon’s 3D printing shop, Stratasys’ goodcan impairment of the MakerBot acquisition, and the shutting down of 3D Systems’ Cubify division, the Pinshape team writes that it was complex to secure additional investment for a 3D printable-bodieds site that had largely become filled with free content:

    The value of a 3DP marketplace is obvious in the long term, but for many, the path to monetization is not so clear. Part of our challenge was demonstrating a financial path forward. Currently, 99.5% of our transactions are free. Given the dimensions of the market, in January 2015, we select to focus on free, and create the biggest community possible to validate our platform and provide confidence we may go on growing as the consumer segment picked up. Unfortunately, the opposite happened, and the market slowed considerably with signs of weakness.

    In terms of our product – the platform, we’ve had nothing short of good outcomes. Together, we’ve created one of the many active and trusted marketplaces online. One thing I can tell you without hesitation is that our team worked awe-inspiringly complex for you equite single day. We have an awe-inspiring team who worked for startup wages to be a part of this journey, and we are super proud of what we’ve realized in such a short amount of time.

    Pinshape’s fun contests and abilityed community allowed the site to grow, according to the company, to 75k+ active users and over 1500+ downloads equite day. As the site wraps up operations, Pinshape can pay out all amounts owed to designers, asking those designers to encertain that their PayPal information is accurate and urging equiteone to manufacture certain they have backed up their own 3D files. Despite the end of the site, the team does note that they can “go on to explore options to transition the platform to a new home.”

    I regret seeing Pinshape’s clocertain, wishing that we may have given them additional expocertain, but knowing that we were inundated with content ourselves. I hope that the Pinshape team can go on to bigger and advantageous opportunities in the next. After all, the VR and AR hype is now createing and ability can be needed to encertain that those platforms can find physical manifestation of 3D assets in the form of 3D printing.

    Update 4/1/2016: Just as the doors were closing, they’ve been reopened. This is not an April Fools joke, as they shared an update on March 31 stating the following:

    We’ve had an overwhelming amount of interest and assist of the 3DP community and we are hopeful that we’ve discovered a company that shares our vision of Pinshape to take over. As a outcome, there can be no interruption in service! Yay!

    Thanks to equiteone for your outpouring of assist the last few days. There have been so many kind words!

    We appear forward to keeping you updated with a additional formal announcement in the days to come!

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