5 Biggest Crowdfunding Scams and Failures of All Time

4. Coolest Cooler 

Amount Raised: $13.3M

The Coolest Cooler was a cooler that blended, stored cold beverages and had built in speakers. The company managed to accumulate more than $13,285,226 but the product lacked financial planning and the price it set initially was too low which is why the product failed.