23 Apr '15, 12am

You guys remember that sub $400 espresso machine that was the rage on kickstarter? It's dead. Interesting read:

We explored our legal options, started a search for a new team, and reached out to our existing investors to get a bridge round together. Even though they were very supportive, at the end of the day, we were not able to get a big enough bridge round together to move forward. While we’ve looked into several other financing options, after serious consideration, we reached the decision to shut the company down. We are currently ending all operations. It was an incredibly difficult choice to make, given the funds, effort, and time put into the company. We have poured 3+ years of our lives and all our personal savings into ZPM, because we believed — and still do — that there is a huge need in the market for what we’re doing, and that we’ve made an amazing product that can get the job done. We deeply regret that it’s coming to an end in this way, especially given how painfully c...

Full article: http://sprudge.com/kickstarters-infamous-zpm-espresso-mac...

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