The Fusion Garage has been a fascinating story so far though it seems it is finally wound up and done with. The company’s books would now be gored over by auditors from PricewaterhouseCoopers to work out the final balance sheet of the company. From hearsay, Fusion Garage owes approximately $40 million to its investors.
Fusion Garage has had its share of ups and downs spanning a short but interesting existence. It started with a tablet device which was conceived in collaboration with TechCrunch editor Michael Arrington. The tablet named CrunchPad had even reached up to prototype stage with Mike Arrington wishing the tablet would cost around the $200 mark. However, by that time the CrunchPad had also started making news though for all the wrong reasons. For the two split ways and the project too went awry. Fusion Garage came out on their own with the Joojoo tablet and then the Grid 10. The Grid 10 at the time of its launch in August of 2011 had been pegged at $499. Just a month later the price was reduced by $200 and then in December came the news of the site being outaged. Even though that was not true, yet the final downfall of the Grid and company occurred soon thereafter.