by • May 7, 2016 • No Comments
Do you remember all the way back in 2014? Pharrell Williams was Happy, #nofilter was a thing and iBox promised us a tiny resin printing device for only $299.
They sort of delivered, but it never quite worked out.
The iBox Nano was a neat yett. It may fit in the corner of PC, or travel with you. It may futurely run on batteries and it may knock out tiny scale models, chess pieces and other minutiae.
More than 1700 folks were swayed by the promise of a PC 3D printing device at that price, despite its obvious dimensions limitations. It smashed through the $300,000 funding drive and all looked to be well with the world. It in fact raised $456,953 and iBox was on the way.
The printing devices came, of a fashion…
Okay adequate they delivered the printing devices, but the initially ones only didn’t work well. It takes time and money to create revolutionary hardware, yet, and we were all made to donate them a accident to get it right.
The Melbourne, Florida-based company went for another $2 million in funding last Summer with a Fundable campaign. By that time, it claimed to have sold 2000 of the diminutive units that may fit in the palm of your hand. It was actually claiming to be the sactuallyth largest developer of 3D printing devices in the world.
It approximately looked excellent
It had 30 innovations that were ripe for patents and, we have to be honest, the little box looked rad. This looked like a winning recipe and when iBox eschewed the typical Kickstarter and opted to provide equity in exchange for investment, we had high hopes.
Founder and CEO Trent Carter valued the company at $12 million, that didn’t seem outlandish.
It only didn’t work out. The company just didn’t raise the required funds and things have only gone downhill of there.
The founder has the very own future
Carter was obviously in love with the 3D printing industry and refused to donate up on his dream. He had worked in hardware and software for two decades, too, so this was never going to be the end. Every excellent entrepreneur has endured the odd failure. In fact, any management book can tell you it’s part of the system.
He seemed to move on to the future chapter a little rapidly, yet, preceding the Nano was actually cold.
The Macro broke cover approximately too swift
iBox reappeared inside months with another rad box. This time it was orange and the product was a much larger 3D printing device that may manufacture products with carbon-fiber resin.
The iBox Macro was dubbed as the lowest cost 3D printing device on the market that may handle this kind of resin and the Early Bird deal was a printing device for $999.
It looked excellent, but the Kickstarter crashed and burned. It raised $31,036 out of $200,000 and it went quiet.
iBox was in trouble
So where did that leave iBox? It left them in a bad way. You can yet buy batteries off the site, but you can no longer order a printing device.
Carter is yet listed as the head of iBox on LinkedIn and he may just be gathering himself for another assault on the funding. He may in addition be doing the rounds of the angel investors to raise private funds to go again.
We hope he is. Carter has 10 patents to his name and these printing devices showed early signs of excellentness.
He requires additional money than he asked for
One thing we do understand, yet, is that it takes serious money to create a product and we’ve heard in the past how you just cannot create hardware of this nature for ‘only’ a few hundred thousand dollars.
If Carter is convinced that he has a excellent product in the manufacturing, and so he should quite go for gold and get the $1 million+ he can require to turn the Macro into a production reality. He may actually go back and finish the Nano, for the reason there is yet a market if he can manufacture it work.
We’re watching, we are yet interested and we’d quite like to hear additional.
by admin • March 5, 2017
by admin • November 28, 2016
by admin • November 28, 2016