Pebble sells out of Kickstarter watches; raises over $10 million

The most successful Kickstarter fund raising campaign, at least so far, has reached a couple of major milestones. The campaign to help fund the e-paper based Pebble wristwatch has now raised over $10 million with eight days to go before its campaign runs out. That's very not bad for a campaign that was originally looking for just $100,000 to meet its fund raising goal.

Even more impressive is the fact that the Kickstarter backers have now bought out all of the 85,000 Pebble watches that the company set up for its reward tiers. You can still contribute to the Pebble campaign but you won't be able to get a watch out of the deal anymore.

In a post on the Kickstarter page, Pebble states:

We've thought a lot about this decision, and we feel it's time. You, our backers, were the first group of people to believe in Pebble, and we want to return our focus to creating the most awesome watch possible for you.

Pebble will eventually start selling the watch to the general public for $150. However, those watches won't be available until " ... well after the ship date of all Kickstarter backers."

In related news, Pebble recently announced that the watch will support Bluetooth 4.0 wireless connections, via a software update that will be made available after its launch.

Image via Pebble

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8 Comments

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excalpius said,
Whatever fad is currently coming and soon to be going, watches are dead.

I couldn't disagree more. I am a big techie and love my gadgets, especially my smartphone but I still can't beat having a watch on my wrist for that simplest of things - telling the time.
On an average day, I head for the train station and know if I'm late I'll miss the train. If I want to check to make sure I'm not running late, it's so much easier just looking at my wrist quickly than it is fumbling inside my jacket, taking out my phone and turning the screen on. Smartphones are cool, but watches have their place.

I can see why people think they're dying out though, after all they only tell the time and we have plenty of things that do that these days - but that's why the Pebble shines, it can do a lot more than that. The fact that I can easily change music tracks without having to take my phone out is a big bonus to me and having a vibrating motor means I WILL know when someone's calling me - I don't always feel it inside my jacket (and I'm never putting my phone in my trouser pockets where my keys live). That's just for starters.
I have always wanted a watch like this and with such a huge investment, I think many others agree.

excalpius said,
Whatever fad is currently coming and soon to be going, watches are dead.

Watches as jewelry will never be dead. These though I do question..

I honestly don't see the point, but I'm sure these (chinese clones) will be at a $50 price point within a year. This is the only reason I held off - that and wearing a bulky ulgy-faced watch has been out of style since the launch of the iPhone..

Plus the fact their business model is constantly changing.. BT2.0 + no water resistance turned into BT 4.0 and basically water-proof up to 3M.

srbeen said,
I honestly don't see the point, but I'm sure these (chinese clones) will be at a $50 price point within a year. This is the only reason I held off - that and wearing a bulky ulgy-faced watch has been out of style since the launch of the iPhone..

Plus the fact their business model is constantly changing.. BT2.0 + no water resistance turned into BT 4.0 and basically water-proof up to 3M.

Clearly you haven't been paying attention to youth and their watches. You couldn't be more wrong.

As for their business model constantly changing, so has their funding. Obviously if they're raising way more money than original thought, they're going to be able to change their product for the better. I find it funny you see that as a bad thing.