Intellivision Amico Refunds StartEngine Investors & Things Get Even WORSE...
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- čas přidán 10. 09. 2024
- Intellivision has returned all funds to StartEngine investors, but what does it mean for the future prospects of the company? Things look pretty grim...
@thenosweargamer1449 video referenced: • Intellivision Amico: Z...
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Intellivision continues to show how low can you go when it comes to PR and finances.
The only reason Phil Adam said the prices were going to "go up" was because he didnt want all the people who preordered to ask for refunds.
Or they need money really badly. Everything is rising in prices so they probably took notice of that as well.
I've never had any interest in this product, but it has been a fascinating story in a slow-motion car crash kind of way, because there is a market for low-power devices. I wouldn't go so far to say this was a scam, but Tommy and anyone else connected with this thing was in way over their heads with the reality of mass production and mass marketing. Even making and marketing low-end hardware is a complicated, time-consuming and expensive venture with dozens of moving parts, and nothing Tommy Tallarico or anyone associated with this thing did or said ever demonstrated that they had the slightest clue what they were getting into. I'm sorry, but multiple rounds of crowd-funding and a "fake it till you make it" zeal does not make a sound business. And that was before anything about a pandemic or a chip shortage came into the picture. It's all over but the crying', this thing is dead.
THEY CLAIMED they would be shipping working systems over 2 years ago. We can we can understand 2 months late. But this is crazy.
I told my daughter she could be anything when she grows up.
Except an Amico.
Now that's funny... 🤣
Could she be an Amiga?
Tommy: Your not a VideoGamer
Everyone: You don't have a VideoGame to play or a Console.
Smash JT: It’s over…
Rich (ReviewTechUSA) tomorrow: I have purchased Intellivision and have plans to release the console in 2022. Smash JT will be putting them all together by hand.
😂 🤣
@@SmashJT glad you enjoyed the comment lol
you need to put that shirt in a sealed bag, collector's item now
This is such a crazy story. If Intellivision just had of tried their best to release a system and admit defeat early, it could have been seen as valiant effort on their part and been given respect for trying to break into a really tough market. However, I also don't think anyone involved with the company deserves to be hated or called bad names. We all make mistakes and have the ability to grow. I dont know how you guys ( youtubers ) deal with all the keyboard warriors on the internet. Insufferable at times. I use to watch Electric Playground when I was a teenager and will always have fond memories of Tommy and Victor's reviews.
Not to be a jerk but your totally wrong about what happened to THQ. I was there when we were restructuring / in bankruptcy and we had new funding lined up to sell the entirety of THQ to a new investor and we would have remained in business. The Bankruptcy Judge ruled against our plans and forced us to sell off our assets in order to recoup investor funds...which was dumb because we had many titles and franchises that were profitable / valuable if we were able to remain in business....forcing a fire sale devalued EVWRYTHING to the point that investors only received a fraction of their money. THQ did not have to go out of business, it was a court bankruptcy rulling. Jason Ruben was our CEO at the time and had an excellent plan to save the company with new investments...sadly that wasn't allows to happen.
I interviewed Brian Farrell on my channel if you're interested to hear his perspective as well - thanks for your insight - I appreciate it - and it makes sense
I'm not a hater of anyone but I hope people don't support Tommy on any front. This guy lied nonstop. I thought Pat and Ian were maybe going a little crazy about it but they turned out right!
Right about what?
@@mattjcrane That Tommy is liar, that the amico isn't coming out and was never coming out.
@@crackinlackin9105
It’s coming out relax bud people were making videos about the VCS saying the exact same thing.
@@mattjcrane Lmao it isn't coming out kiddo. Keep dreaming thou. Only thing you may get is the plug and play. It's been years and they got nothing to show. And the VCS sucks.
@@crackinlackin9105
I have the vcs it is great do you have it? I’m having a ton of fun with it. I’m 100% confident Amico is coming out my friend!
To their credit, Atari VCS is on store shelves, and is actively building their game library, with old and new titles.
This really is a train wreck ya don’t want to look away from. I’m really interested to see how this whole thing ends. I mean we all have an idea, but still. The twists and turns are ridiculous.
It will end with us playing Amicos and being happy
I doubt that the console is ever going to be made. The Intellivision license's may be worth something to someone but that won't include building the console. they'll likely liquidate whatever assets they can, turn off the lights, and go home. Thanks for the update my friend, good stuff.
Amico: We bought offices all over the place and even in Dubai (Can you say kickbacks?). We will keep the 17 million + but let's not be total dicks...we will return the Start Engine 54k.
I knew the Amico was going to fail when I first seen the guy with the “HandleBar” Mustache 😶
Hey Tommy since friendship is so important to you there should be no problem refunding the 10k invested by Smash...
2 chances of that happening, slim and none. And slim just left town.
What seems stupid to me is that they did not do what other companies would do and figure out ways to generate revenue while working on a system such as maybe selling some of their products through smartphones or online games towards like PlayStation or switch or setting up merchandise and selling that figuring out some way to generate their own revenue while asking the people to also invest in them but most companies while doing this kind of endeavor will figure out other ways to generate an income so they can continue to focus on their main goal.
It's over. It's too bad, I still think Amico might've been kinda cool and different. Glad I got refund a few months ago. They should bring some of the INTV remake games to Steam, maybe even sell the controllers for use with PC.
Intellivision should have filed already. Maybe they can't even get bankruptcy right.
So what if they file for bankruptcy. Tommy will still be a millionaire at the end of the day and if a hungry beast like Microsoft stepped in and bought Intellivision he's still going to recoup on his investment. 🤣 So what!
Would of liked to see more of their simple games like Night Stalker etc with those neon stylized graphics. That could have been really cool.
Game almost certainly was never running on Amico hardware.
I'm kind hoping they just sell some of those games on Steam or something. Night Stalker looked kinda cool.
I don't know if I should have bought the "physical" games or some Intellivision merchandise, as either a potential investment, a part of gaming (ha!) history, or just for the hell of it 🤗
Those card board boxed rfid things are insulting. For that kind of money they should of had nice boxes like Working Designs used for games such as Lunar The Silver Star. Tommy even knows they look like garbage and used an excuse saying they are "green".
Even Turbo Joe (1 of the biggest cult members around) made a comment in anger about how they are cheap cardboard.
@@xenosaga1348 They sure were! Even I, a potential Amico customer, was shocked at the low budget quality of it... For $20 each, they should have been more desirable 🙄
They will be collectable unfortunately.....not like it deserves it.
From what I understand, Intellivision never had access to the StartEngine funds as they had to wait until the campaign closed and reach at least $500k to get any money. I believe it was put into some kind of holding account (I recall someone saying the money went through the SEC themselves but I'm not sure how accurate that is). I assume, then, that this was an automated thing because it has been closed without reaching its minimum for a week or so now.
Good video! I sent an email to Intellivision Amico last week requesting my cancelling of the Amico system and asking for a refund! As of today, I have not heard back from them! Now, I have heard, that some people have gotten there refunds from Amico and some have not yet!
Ahhhhh everyone loves a good story. I have a feeling this is gonna have a real banged up ending
This Amico saga has been my lunchtime entertainment for years. I still want to
play that new Moon Patrol but I was never interested in buying an Amico to do so. I hope that game resurrects somewhere and somehow.
I honestly am glued to the amico train wreck.
I have a feeling this non-console is gonna live rent free in our heads for quite some time lol
I think if the Amico doesn't launch it'll be forgotten about rather quickly with so many games and consoles already available. My 8-pack of games would be rendered as gaming memorabilia that I would keep for the collection.
@@blitzkrieg1174
It’s coming out don’t worry people just are impatient and making hate videos. If you type Atari Vcs scam people were making Atari Vcs videos saying the same exact things. Even smash Jt make videos calling the Vcs a scam but I own it so how can it be a scam? Amico will come out despite what impatient haters think. I actually want smash Jt to be real successful on his investment
I was actually looking forward to this console and sadly, it looks like it’s going to go bye-bye and into the vapor.
I don’t think Intellivision were being “good people” by not taking money from the Start Engine campaign. I don’t know anything about Start Engine, but if it is anything like Kickstarter, the organization doesn’t receive any funds unless they meet their campaign goal. So I don’t give them any credit for not taking investor funds.
Great job keeping us up to date Smash! I enjoy these Amico video but I love mostly everything you cover. needless to say, I SMASHED that LIKE. also not sure people are going to see the messages from Tommy on those screenshots with that wallpaper... just saying lol. Just keep it up man!
I think the haters are in the minority... Those are the 10 Amico bootlickers who are white-knighting for Tommy and Amico (although Tommy is driving his Ferrari, while they will lose they investment... amazing).
Thanks for the shout out! So Tommmy said they had everything they need to make the system but the board? Um, so basically they have the shell? Let's hear it for Pilot Plastics!
Sorry - not EVERYTHING- certain components and parts - though he never specified what exactly
Has anything Tommy said about the Amico ever come true?
The motherboard for the console should have already been completed by now. There's some kind of circuit board in the controllers as well. This stuff should be finished.
OHHHH SHIIIT.. Da fuck. OMG. Like we didn't all ecpect it eventually. Poor Intellivision. Tommy buried you :(
Yeap while Mike Kennedy buried Coleco. Be glad Atari didn't get buried. Atari survived again while Coleco and Intellivision died again just like during the great videogame crash of 83. No other company but Atari survive that crash, every other console maker before that failed. Though Atari ain't that big anymore, you still had to give them credit for being a survivor for this long.
I've followed the Amico story from day one, but never even considered pre-ordering one of those things. I have bought an amazing array of hardware that I'll never use (gathering dust next to the C64 Mini)... BUT STILL... pre-ordering? This thing?
Your 1 hour stream the other day was fascinating and extremely insightful. I subbed as soon as I watched. Really appreciated your points on fluffing, and think you were spot on. 🍻
I always consider pre-order kind of risky because I don't want to end up in a position like the people of the amico where I'm pretty much losing my cash. I'd rather wait for the product to come out and buy it when it's relatively available. Especially with a lot of these smaller companies trying to generate revenue for new projects it seems like as risky as putting your money on the roulette table.
Also being first in line for something is not always the best thing especially with new technology or new releases of technology because the first release of a system or any piece of hardware is going to have a chance to have the most bugs. So sometimes it's better to wait a while and get it after the system's been out and established and they've had time to figure out if there's going to be anything like a red ring of death issue or something like that with a new system or a piece of hardware.
Feel really bad wanted to see Tommy and the amico succeed, but I kinda new back years now first hearing about it, it didn't sound like it would be any competition in the game market
The way I see it is either they did find an investor in this supposed "quiet period" or the company is waiting for a miracle till it completly shut down.
Do you think that if Tommy would have set up a crowd funding campaign like with the Ouya, all of this mess would have been avoided?
There’s a lot of variables that makes that impossible to answer. Ideally, yes…
Tommy still had a working prototype though, nobody hasn't prove about anything scummy inside the shell yet. Now if Tommy sell away that prototype to an actual company that would make the Amico legit or bring it to market that would give it a second chance. Of course if a new company got a hold of it, it probably won't be called the Amico anymore.
That clearly mean they hot their mistery 5mil Investor and everything is super now.....
/sarcasm
Which PR department is worse, Artesian Builds, or the Intellivision Amico? lol
Intellivision, definitely. At least Artesian made half-baked apologies. Intellivision didn't even get that far.
Artesian at least has products to sell, though even then, they only win by default.
Not gonna lie, once this has all done crashing and burning I wouldn't mind owning an Amico shirt haha.
The real Collectors piece
Funny lol you invested $10,000 , you have 2 sets of the games and where the shirt or hat , but crap on it lol do you think thats a good idea ? Dont you want it to come out and sell ? . If it does I will pick it up..
Is it worth watching 12 minutes? Or does he just needlessly stretch out the four sentence email?
If you have to ask, the answer is always no.
this saga man crazy
This is the song that never ends 🎶
Wow, I really thought it would be the Atari VCS that never came out, not the Amiico
The Amico will come out I talked to John Alvarado last night and he still seems very excited about the Amico. People are just frustrated about delays so they are making hate videos.
The irony that Tommy literally was in the Atari VCS thread saying as much over on Atari Age when he announced the Amico.
@@mattjcrane/videos Source: "Trust me bro!"
It's not coming out. They literally can't afford to keep the lights on.
@@GareWorks
I’m 100% confident it will come out. You are entitled to your opinion too and welcome to disagree with me. That is perfectly fine to have a different view point. Hope you have yourself a great day
Something!
I only respect CEOs that launch consoles….
The Amico saga never ends 😆
So what will be happen later with those physical game that Intellivision gave some to youtuber???
"Physical game without the console"
If this case more absurd, then it will be "What Happun" sequel from @Matt McMuscles
Is that beautiful lady your wife? Congrats.
John Alvarado seems confident that the console will come out. I spoke to him last night. What are your thoughts on John Alvarado?
John seems like a very genuine and nice person that has a ton of passion and excitement for the console. He’s commented on a few of my videos and ive met him multiple times. I don’t have a single bad word to say about him 🤷♂️
He’s a good dude.
@@SmashJT
I really hope this console comes out. Djc game studios mentioned people at Intellivison were getting death threats over the console. I would hate to see people lose there lives over a game console.
John WAS a nice guy. Now He is just another word twister just like Tommy.
When John was asked about when the online leader board would be ready he replied: "It is in post production after the release of the console".
Tommy says console is in pre-production
John says leader board is in post-production.
They both use double speak.
Amico can not blame the online leader board not ready to go on chip shortages.
Screw Tommy and screw John.
@@mattjcrane Criticism is fine, but death threats are unacceptable. You resort to death threats, you've gone too far. Barring a miracle, I don't think this console is coming out at this point, and they don't have my trust, but death threats are going way, way too far.
@@surrealbrain4227
Yeah I agree Best for everyone to keep peaceful. To each there own though I trust that it will come out but I understand peoples frustration with the delays
Their pretty just refunding money to stay out of prison lol
I agree. I don't have the full details on how StartEngine differs from Kickstarter but it seems the major one is that you're not just giving money you are also buying shares, i.e equity. If you're selling shares in a company knowing that a product that company is riding on will likely not ever be released, I think the SEC's ears start to perk up, because that sounds like fraud. Even with the risk inherent to investing, you can't lie to or withhold information from your shareholders. So yeah, I think the company is inches away from bankruptcy and just refunded the StartEngine money to keep themselves out of legal hot water.
the good news ends with this. ... errr the extra positive spin is needed and you know what! you know WHAT, it could well be a new deal with a company who said we are the sole investor. As such they had to disband that funding avenue. in the second half of this video i was captain kirk face palming.
Another solid video!
Thanks!
Amico news is so much fun! 🤗
More fun than the console could have ever provided if it were an actual product.
A big disappointment I was really looking forward to intellivision ameagle
Bing Bang Boop Bop Boy-oy-oy-oing cuckoo Amico!! 👾
LOL how do they not have the boards
Instructions not clear, preordered 4 Intellivision Amigos.
Attaboy!
Ok Gen X Gamer.
Rocking that T ironically. 😜
2:22 how's about not giving a shit about that nonsense?
Yeah true. Touché
What's the situation with their prototypes ?
A fantastic question
I would actually take the money and call bankruptcy. So they have less common sense then what I expected... Atleast this is positive for the investors.
What is wrong with you?!?
@@CamaroSS-sy2ei What do you mean? I look at things logically. It would make more sense take the money and get away with it (say you invested those 60k in a new video game [what you didn't] and cash out). Those people would believe Tommy anyways because he is they friend. Isn't this the Tommy's secret weapon anyways... Call everyone a friend who invested to benefit from them?
@@strohhuttv8848 Although it would have been legal for them to have taken the money, it would have been a real dick move. Just because you CAN do something, doesn’t mean you should.
@@CamaroSS-sy2ei Morality doesn't matter in a business. The only thing what matters is money and you can earn it in honesty or in scamming (you can only earn it in honesty if you run your company well, what Tommy didn't do). I think the people who invested aren't that bright, why would you invest in a console what plays smartphone looking games (no even smartphone games look and run better). The funny part is: even if those games costed 2 or 3 or 5 dollars how they should have before they rised the price, it would still be a rip off (considering that you can get similar games for free on smartphones or even on Steam sometimes). Now those smartphone looking games should cost 20-25 dollars... You can buy AAA well crafted experiences for that money sure not day 1... But still. Also everyone nowdays has a smartphone what has more capabilities beisdes some of those 2D retro consoles.
How man of those retro 2D bad looking console must come out, before people realize that they will never be profitable...
@@strohhuttv8848 I disagree that morality doesn’t matter in a business. Those businesses where morality DOESN’T matter don’t have leaders - they have sociopaths who happen to be in charge. They might survive for awhile despite themselves, but it’s only a matter of time until things catch up to them. In my opinion, businesses devoid of morality deserve to fail.
he trying to be funny with that call proof screenshot right?
but all these offices world wife all the big salarys they paid themselves and ffffffffffffffff all to show for it. sorry they all have money their buisness but bleed it dry.
Something
You asked for this btw.
lol 2 for the price of 1!
Well, them returning the cash likely means the Amico was never a scam (not to mention that they had an actual console built). I know you’ve gotten this comment a gazillion times, but it just seems like the Amico was a great concept, but horribly mismanaged and run to the ground, which is rather tragic.
It did not start out as a scam, but it deffinitly quickly turned into one.
By this logic nothing is a scam. The Coleco Chameleon was not a scam because Mike Kennedy _really_ wanted to make the console but he was inept. Or the famous Coolest Cooler thing, which was actually manufactured yet 20.000 people never got what they paid for. The problem is never the dream or the idea but when people answer with "Yes!" to the "But can you make this thing as promised(quality, quantitiy, timeline)?" question. That "Yes" is the scamming.
So like… when will you stop talking about this? I’ve seen how this channel has converted to the Amico infomercial channel (for better or worse) can we go back to talk about general video games?
(Wow…. glad I’m not subscribed tehehehe 🤭)
If you were subscribed you’d have seen my other video today that has nothing to do with Amico but unfortunately you keep watching these and can’t admit you secretly love it 🤷♂️
Smash, you know Tommy personally and he said in his phone call that he would be willing to do a live stream to straighten things out. You should bring Tommy Tallarico on for a live stream. We all want to hear Tommy bring clarity to the situation and ask him when the Amico will release. 💯
He never said that. Sorry if that is what you heard.
@@SmashJT Excuse the misinterpretation. Can you ask Tommy anyways? Tommy needs to face the music and a live stream would be great for the channel. I don't think he would turn down a live stream if you asked him. We want to know when the Amico is coming out and how things are going with the company.
@@blitzkrieg1174 Jesus man, now is obviously not the right time for that. The Amico isn't coming out, Tommy has his own stuff to deal with, and the absolute last thing anyone needs right now is another livestream for Tommy and/or Intellivision to grand-stand. Get over it.
@@GareWorks Please, there's always time to talk. Now is not the time to be emotional Gare, this is business. Let's hear Tommy talk and give us a situation report. 👌
@@GareWorks The Amico got you all worked up, you're an ocean of emotion. 🤣