Author Topic: EEVblog #1121 - Fontus goes BANKRUPT!  (Read 1718 times)

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Offline EEVblog

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EEVblog #1121 - Fontus goes BANKRUPT!
« on: September 12, 2018, 02:48:00 pm »
Who saw it coming?, Fontus have filed for bankruptcy!
The infamous "self-filling water bottle" that raised $340k on Indiegogo has gone bankrupt and delivered nothing.
You 'canna beat the laws of physics Captain!

https://www.ksv.at/insolvenzfaelle/insolvenz-fontus-water-technology-gmbh-1030-wien

https://www.indiegogo.com/projects/fontus-the-self-filling-water-bottles#/

 
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Offline Barny

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #1 on: September 12, 2018, 06:10:10 pm »
It looks like Fontus got reality and is available to buy:

Sorry, I couldn't find the english version of the comercial.
It's an battery powered watering can.
In my opinion needless like a struma but hey, it looks like some people are buying this expensive plastic bucket.
« Last Edit: September 12, 2018, 06:13:10 pm by Barny »
 

Offline Halcyon

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #2 on: September 12, 2018, 08:38:19 pm »
Ahhh, another win for (gullible) consumers.  :-+
 

Offline mpk

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #3 on: September 12, 2018, 08:49:17 pm »
Wow. The Universität für Angewandte Kunst (i.e. the University of Applied Arts) is exactly that - it's an art and design college. Lots of eminent alumni like Klimt and Vivienne Westwood, but none of them exactly famous for their engineering skills.

So yeah, people funded an art school project to do as yet unproven and impractical engineering. Nice work. It's amazing how many of these projects start out as some design student's final year project that ends up being way overhyped and impossible to realise from an engineering point of view - remember the person who designed a folding UK mains plug which was really neat other than the minor problem that it was flimsy and completely unable to comply with BS1363, so legally unable to be sold as a mains plug? There was a massive hoohah about that which went on for years, and mostly took the form of "Look how foolish and backwards these standards people are for being so against our folding mains plug! It's our right to choose to be electrocuted by poorly-designed connectors!".
 

Offline Pinkus

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #4 on: September 12, 2018, 09:29:03 pm »
At least Fontus was a GmbH (similar to a Ltd). They received 300K and have 60K left in their pocket, thus if you founded that project you will receive approx. 20% of your money back. Better than nothing.

The link gives you all information (though in German): https://www.ksv.at/insolvenzfaelle/insolvenz-fontus-water-technology-gmbh-1030-wien
 

Offline GeorgeOfTheJungle

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #5 on: September 12, 2018, 10:14:03 pm »
You knew it was a scam. TF knew it was a scam. We knew it too. And there was no way to stop it?
 

Offline Stray Electron

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #6 on: September 12, 2018, 10:34:52 pm »
You knew it was a scam. TF knew it was a scam. We knew it too. And there was no way to stop it?

   Places like Go Fund Me THRIVE on deals like this.  They take 10% off the top of all of the money raised and could care less if the product is a complete farce.
 

Offline Mr. Scram

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #7 on: September 12, 2018, 11:03:56 pm »
Wow. The Universität für Angewandte Kunst (i.e. the University of Applied Arts) is exactly that - it's an art and design college. Lots of eminent alumni like Klimt and Vivienne Westwood, but none of them exactly famous for their engineering skills.

So yeah, people funded an art school project to do as yet unproven and impractical engineering. Nice work. It's amazing how many of these projects start out as some design student's final year project that ends up being way overhyped and impossible to realise from an engineering point of view - remember the person who designed a folding UK mains plug which was really neat other than the minor problem that it was flimsy and completely unable to comply with BS1363, so legally unable to be sold as a mains plug? There was a massive hoohah about that which went on for years, and mostly took the form of "Look how foolish and backwards these standards people are for being so against our folding mains plug! It's our right to choose to be electrocuted by poorly-designed connectors!".
Was that the Flip plug?
 

Offline madires

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #8 on: September 12, 2018, 11:21:10 pm »
Fontus burned also some Austrian tax money they got as financial support from the state-run Austria Wirtschaftsservice (AWS). The AWS didn't disclose the sum unfortunately.
 

Online Bud

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #9 on: September 13, 2018, 02:10:27 am »
A big company i used to work for had a "Innovation support" program, which was basically a bucket of money to burn without any return. Do not know what that gave them other than a image in the press. Maybe the Government gave them some incentives for having it, do not know bust still must had been a reason (i hope) to have it.
 

Online bitseeker

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #10 on: September 13, 2018, 04:13:38 am »
That's my favorite EEVblog video thumbnail thus far. :-+
You don't acquire TEA. It acquires you.
 

Offline Neilm

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #11 on: September 13, 2018, 05:26:34 am »
I have a way of getting free water from the air here in the UK. It is called a bucket.
Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe. - Albert Einstein
 
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Offline mpk

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #12 on: September 13, 2018, 06:27:53 am »
Wow. The Universität für Angewandte Kunst (i.e. the University of Applied Arts) is exactly that - it's an art and design college. Lots of eminent alumni like Klimt and Vivienne Westwood, but none of them exactly famous for their engineering skills.

So yeah, people funded an art school project to do as yet unproven and impractical engineering. Nice work. It's amazing how many of these projects start out as some design student's final year project that ends up being way overhyped and impossible to realise from an engineering point of view - remember the person who designed a folding UK mains plug which was really neat other than the minor problem that it was flimsy and completely unable to comply with BS1363, so legally unable to be sold as a mains plug? There was a massive hoohah about that which went on for years, and mostly took the form of "Look how foolish and backwards these standards people are for being so against our folding mains plug! It's our right to choose to be electrocuted by poorly-designed connectors!".
Was that the Flip plug?

That'd be the one mentioned here:

https://www.quora.com/What-happened-to-the-improved-UK-plug

 

Offline GeorgeOfTheJungle

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #13 on: September 13, 2018, 06:33:09 am »
The TÜV thing was made at 95% humidity LOL
 

Offline EEVblog

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #14 on: September 14, 2018, 04:26:04 pm »
Official response
 

Offline EEVblog

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #15 on: September 14, 2018, 04:32:29 pm »
Not happy Fontus campers.

But bonus guy who thinks he invested in "scientific research"  :-DD
 

Offline mrpackethead

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #16 on: September 14, 2018, 04:51:13 pm »
But bonus guy who thinks he invested in "scientific research"  :-DD

But just for a moment imagine if we could somehow invent things that didn't require compliance with well-established physics.    Oh thats what they did. 

I was just trying to figure out what level of Science education you needed to figure out this was a non flyer?   PHY101 at University? year 10 at highschool?         

Did any EEVBLog forum members sign up?  Come on, if you did, promise not to laugh at you.

Do you think if you packaged and marketed it right you could make a backwards resistor?    One that if you heated it up in the sun, currnet flowed?  I mean, if you put  current through a resistor, it gets warm..  So this must be true.

How about a postive gain battery?  one where you get more energy out that you put in. 

And my favourite..  A ZeroGravity Upgright Posture Cushion.    ( SERIOUSLY, this is an indigogo ).. Curious how a $59 cushion creates zero gravity.  Nasa failed obviously,  with the Saturn V rockets to overcome gravity on the cheap.  Cost them severla billion dollars and that was in 1960s!

 

Offline EEVblog

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #17 on: September 14, 2018, 07:23:15 pm »
I was just trying to figure out what level of Science education you needed to figure out this was a non flyer?   PHY101 at University? year 10 at highschool?         

It just requires the slightest skepticism to think "Sound cool, but why hasn't someone done it before?, I'll Google Fontus and see if anyone has critiqued it."

This is where something like Rbutr comes in, a friend of mine developed that and it's a browser plugin that crowd sources critical opinion of the webpage you are visiting.

Skepticism is the key, not the ability to technical analyse something. PHY101 is no good to you if you don't have skepticism and the inclination to ask questions.
« Last Edit: September 14, 2018, 07:33:11 pm by EEVblog »
 
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Offline Fungus

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #18 on: September 14, 2018, 08:33:46 pm »
I like the guy who tells Fontus to do their research before starting any more campaigns.

« Last Edit: September 14, 2018, 08:35:28 pm by Fungus »
 

Online Bud

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #19 on: September 14, 2018, 09:52:34 pm »
You guys dont get it. The reason for the failure was not enough money for "tooling for the bottle". Get it? Not that energy/technology rubbish, just could not make bottles out of aluminum stock  ::)
 

Offline Mr. Scram

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #20 on: September 14, 2018, 10:31:58 pm »
I like the guy who tells Fontus to do their research before starting any more campaigns.


These people just heard they got scammed out of their money and still don't seem to understand. The unscrupulous must love this age.
 

Offline madires

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #21 on: September 14, 2018, 11:19:07 pm »
You guys dont get it. The reason for the failure was not enough money for "tooling for the bottle". Get it? Not that energy/technology rubbish, just could not make bottles out of aluminum stock  ::)

Classic Dunning–Kruger effect >:D
 

Offline schmitt trigger

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #22 on: September 14, 2018, 11:35:09 pm »
As PT Barnum famously said:
There is a sucker born every minute.

My take on this is simpler: pure greed. The investors are deluded that they are funding the next Apple or Google.
 

Offline nctnico

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #23 on: September 15, 2018, 02:31:18 am »
It just requires the slightest skepticism to think "Sound cool, but why hasn't someone done it before?, I'll Google Fontus and see if anyone has critiqued it."

Skepticism is the key, not the ability to technical analyse something. PHY101 is no good to you if you don't have skepticism and the inclination to ask questions.
The problems is that the internet is full of self proclaimed 'experts' so without a solid understanding of phsysics it just comes down to who someone believes. For some science is no different than religion. Or put differently: absolute truth no longer exists.
There are small lies, big lies and then there is what is on the screen of your oscilloscope.
 

Offline mrpackethead

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Re: EEVblog #1121 - Fontus goes BANKRUPT!
« Reply #24 on: September 15, 2018, 06:35:01 am »
It just requires the slightest scepticism to think "Sound cool, but why hasn't someone done it before?, I'll Google Fontus and see if anyone has critiqued it."
Scepticism is the key, not the ability to technical analyse something. PHY101 is no good to you if you don't have scepticism and the inclination to ask questions.

This is where it gets interesting.   As someone who created several things and turned them around into products that people buy, which are unique ( well were unique and have been copied ),  If i had said " nobody has done this before, so it can't be done", I would have not done it.   Before the Manhattan project,  Nuclear power probably looked impossible too, and putting a man into space..

We need to encourage inventive thinking to solve new problems, but it has to be done in a way that lets things happen sensibly.
 
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