What happened to the Kickstarter Cooler?
The company behind the Coolest Cooler, widely known as one of the biggest Kickstarter failures, is officially going out of business. An update sent to backers from the company’s CEO Ryan Grepper this weekend says the company is ending operations, and tariffs are to blame.
How much did Coolest Cooler raise on Kickstarter?
$13.2 million
Over the course of several weeks on Kickstarter, Portland-based Coolest Cooler raised $13.2 million from 62,642 backers across the country – and around the world. For many backers it was their first experience with online crowdfunding and it was, at the time, the biggest project in Kickstarter history.
Where are Maluna coolers made?
the USA
Maluna Unhinged coolers are the ultimate in innovative design, extreme performance, and high-quality durability at an unbeatable value. They are made in the USA and come with a Lifetime Guarantee.
What went wrong coolest cooler?
The Coolest Cooler had a promising start on Kickstarter five years ago, but things have been rocky since. Though it was once the most-funded project on Kickstarter, it went on to become somewhat infamous for failure to deliver and constant updates from the creator about pushing back shipping dates.
Who is Ryan Grepper?
About. Ryan Grepper is part visionary, part mad scientist, and a passionate entrepreneur who founded Coolest, a Portland-based brand whose first product, a multi-function cooler, was the #1 funded Kickstarter campaign of 2014.
Why Coolest Cooler failed?
After years of missteps, manufacturing problems and unfulfilled promises, Coolest Cooler said the trade war with China ultimately made its future untenable. The company, which raised $13 million through Kickstarter, is now the crowdfunding platform’s biggest failure.
Is RTIC going out of business?
RTIC will continue to operate as normal selling all the RTIC brand of products as provided on the www.RTICcoolers.com website keeping true to its promise to deliver “Over Built – Not Over Priced” products to all its RTIC fans & customers.