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3D Audio Headset Company Shuts Down, Leaving Kickstarter Preorders Unfulfilled
Ossic had grand ambitions to change what people hear through headphones – and its hugely successful Kickstarter campaign showed that people were eager for that 3D audio revolution. Unfortunately, those plans have been canceled.
In an update on Saturday, Ossic announced that it is shutting down immediately. Though the company managed to ship some of its Ossic X headphones to the highest-level backers of its Kickstarter campaign, it will not be able to fulfill the remaining preorders.
"With funds from the crowdfunding campaign, along with angel investment, we were able to develop the product and ship the initial units. However, the product still requires significantly more capital to ramp to full mass production, and the company is out of money," the company says.
The update goes on to answer other questions, like how the money was used, and why Ossic can't ship the remaining units. However, the bottom line is that if you didn't already receive your Ossic X headphones, you're out of luck.
We had some ears-on time with the Ossic X headphones a couple years back, and you can read our impressions here.
[Source: Ossic on Kickstarter]
Our Take
Situations like these serve to remind us that you aren't actually buying anything when you back a Kickstarter campaign; you're just pledging your support in hopes that everything works out. However, it's especially hard to swallow when a company like Ossic exceeds its original goal ($100,000) by so much.
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