There is no doubt in my mind that execution was the critical piece here. Also the fact that this market was getting very crowded with big corporations like Apple or Samsung was probably another trigger. I don't believe this will have a negative impact on the crowdfunding space. Look at Oculus which was acquired for billions by Facebook. It is just like investing in the venture space where 1/3 of the time you will loose your money, another 1/3 you will break even, and the remainder you will perhaps make money and make up for the losses.