Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Why did kickstarter project Zano fail?

Kickstarter Zano was well funded and was set to be a huge success but it turns out quite the opposite occurred. What was it about Zano's approach that ultimately caused them to fail? As an entrepreneur looking to start my own company soon I believe it's essential to understand others failures in order to not repeat them. Would like to know why others believe Zano failed? What could they have done better?


8 Replies

Linda MacDonald Glenn
0
0
Lecturer at UC Santa Cruz
Good question! There is some interesting speculation athttp://zanoforum.com/viewtopic.php?f=14&p=2099.
Eric Klein
0
1
Eric Klein Entrepreneur
Tockable - Intelligent Fashion
Sounds like they had manufacturing problems. The units delivered were very poor quality, even missing major parts. Zano raised $3.5M, so that comes out to more than 15K units. They may have ordered them all at once from the manufacturer. They should have been camped out at the manufacturers facility.

Likely the design/engineering was flawed also.
Bill Keating
0
0
Bill Keating Entrepreneur
COO at Seebright
Simon, Any thoughts? Bill (650) 722-3333
Joanan Hernandez
0
0
Joanan Hernandez Entrepreneur
CEO & Founder at Mollejuo
Hello Ryan,

Execution is everything!

Most fails in Kickstarter are for this reason. I'm not saying it's easy, however execution is certainly underestimated.

Cheers!
David Austin
0
0
David Austin Entrepreneur
Entrepreneur
They claimed feature creep. I'm sure they're right, or at least it was a contributing factor. It will kill a project faster than you can imagine. You should not offer anything other than what you know you can deliver at the outset ... whatever your prototype is do not vary from it. That's what your 2nd kickstarter is for: v2.
Stan Podolski
0
0
Stan Podolski Entrepreneur • Advisor
CEO at Nimble Aircraft.
It is pretty much always the same. People have no experience in the field. Great idea, which can not be done on a current technology level with the following cost.

Apple's Newton has failed practically in the same way
Robert Allan Wald
0
0
Robert Allan Wald Entrepreneur
CEO at Body Archer LLC
If manufacturing was the problem we can certainly relate to that, even with a product as seemingly simple as ours! We chose to manufacture locally at a slightly higher cost specifically to have control over the quality of our product and that has paid off since we encountered a number of issues. Fortunately, we were right there to fix them before they became more serious.
John Philpin
0
0
John Philpin Entrepreneur
People | Passion | Platforms
Looks like some serious answers will be available soon

https://medium.com/@meharris/an-unusual-commission-f5171a156a05#.elquroots

Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?