Original article: https://techcrunch.com/2018/05/20/after-tens-of-thousands-of-pre-orders-high-end-3d-headphones-startup-ossic-disappears/
After a successfull Kickstarter Raising $5.9 million and Tens of thousands of Pre-Orders for their much looked forward to "3D Sound" Headphones, Have announced on the weekend that they will be shutting down the company and all Kick Starter Backers Will NOT recieve a refund
Tech Crunch Reported "The company raised $2.7 million on Kickstarter and $3.2 million on Indiegogo for their Ossic X headphones which they pitched as a pair of high-end head-tracking headphones that would be perfect for listening to 3D audio, especially in a VR environment. While the company also raised a “substantial seed investment,” in a letter on the Ossic website the company blamed the slow adoption of virtual reality alongside their crowdfunding campaign stretch goals which bogged down their R&D team."
I really Hope they rethink what they are doing with the no refunds as it is complete BS that all thoose people who have put $1000 in each will loose it all even if they could do a 50% refund would be better then nothing.