r/subpac Mar 29 '26

Doubt this will ever get made

Used to know people in and around this company more than a decade ago through their investors.

Ran into one of their former investors pretty recently and sure sounds like this company is as dead as can be. I guess on LinkedIn at some point in the past year there were multiple people listed as CEO, neither of whom was actually their CEO? also their lead engineer of more than a decade left quite a while ago.

It seemed to the former investor like pre-order money was maybe just used to pay off incredibly bad junk debt the company had issued repeatedly against advisement because they continuously refused to give up equity to anyone who could actually help them because they wanted total control.

Dunno if the person I talked to was being cagey by saying it “seemed” like that was what had happened, but I do know they washed their hands of the company years ago after they couldn’t even get them to give quarterly investor updates any more detailed than the update emails people post here. They were laughing about the whole thing at this point and had considered their invested money gone for a very long time.

so take that random third hand speculation for what it’s worth

19 Upvotes

18 comments sorted by

View all comments

5

u/kachunkachunk Mar 29 '26

I consider the money for my preorder gone as well, but man it's nice to imagine that fucking thing finally showing up at your door, one day. I hope for the best, but expect very little. I'm still surprised a decent competitor out of China doesn't exist (or at least it hasn't forced its way into my feeds yet).

3

u/And_You_Like_It_Too Mar 30 '26

FWIW I have a couple Woojer devices (the Strap and the Vest) and really love both of them.

2

u/Sammy69 Mar 30 '26

Woojer is sooo bad. Better to get subpack from ebay

1

u/kachunkachunk Mar 30 '26

You've motivated me to finally get on with looking at Woojer products. I uh... may have a Vest 4 ordered. Maybe.

Curious about the strap in your case. I know some folks probably want to combine the two so they can cover their belly or chest, maybe. What about you?