MegaBots Ran Out Of Money

Posted: Apr 17 2018, 10:59am CDT | by , in Technology News


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MegaBots Ran out of Money

No giant robot fighting league coming.

Matt Oehrlein, last man standing at Megabots, just announced in a Youtube video that Megabots ran out of money. The team is already gone ad the giant robot is a warehouse in Oakland.

"In three and half years, we went from a crazy dream to be all over the news. We built some of the most incredible robots the world has ever seen and pulled off some insane stunts along the way," said Oehrlein.

"But, MegaBots was started by a bunch of engineers. We knew how to build robots, but we didn't know how to build an entertainment company. Ultimately, we didn't sell enough t-shirts, sign enough sponsorships, and book enough appearances to pay for additional robots or the staff to build them," he continued to explain why Megabots blew up.

Oehrlein says that there is a small glimmer of hope. He secured investors that are giving him one last shot. Matt raised $200,000 to give this one last go.

Watch the video below that kicks off Megabots final attempt on making a giant robot fighting league a real thing.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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