Looks like Makible (creator of the MakiBox 3D printer) is going through some hard times. About 6 months ago we saw that they were ramping up production capacity due to the high demand for their $200 3D printer. It is hard to see a company that had such good intentions go through this struggle but people, materials and office space all add up and if there isn’t enough profit on each unit at the end of the day you will run into trouble no matter the volume, unless you are Amazon and have an ulterior motive and can afford to spend boat loads of money on a marketing idea.
Thanks to Theone for mentioning this news.
“The Makible team have been working very hard to restart production of orders and get shipping again. As shown in March, we are able to ship around 800 boxes a month when everything is in full production. We ran into a classic issue of startup hardware companies of cash flow not matching up, leaving us short of funds to complete shipments.
We did see this event coming and worked hard to line up additional funding to keep things running smoothly, but nothing has been finalized and so we have been building consensus amongst our investors to implement a recovery plan.
We have put in place a more robust operations team, and will be appointing a new board and focusing on getting the outstanding orders shipped before moving on to other things. We are currently working on the fundraising to make this happen.“