Crowdfunding disaster Coolest Cooler is shutting down and blaming tariffs for its downfall
The company behind the Coolest Cooler, widely known as one of the biggest Kickstarter failures, is officially going out of business. An update sent to backers from the company's CEO Ryan Grepper this weekend says the company is ending operations, and tariffs are to blame.
Coolest Cooler shuts down after 5-year saga, leaving 20,000 backers without Kickstarter reward
Like warm beers around the campfire, the saga involving the infamous Kickstarter project Coolest Cooler took another sad turn over the weekend as the company announced it was shutting down operations and won't be fulfilling orders for thousands of backers.
How the Coolest Cooler went from one of the most successful Kickstarters ever to the site's 'biggest disaster'
The Coolest Cooler had a promising start on Kickstarter five years ago, but things have been rocky since. Though it was once the most-funded project on Kickstarter, it went on to become somewhat infamous for failure to deliver and constant updates from the creator about pushing back shipping dates.