Tech Friday: Magfast moving to Power Pivot 2 phase
Posted By RichC on January 17, 2025
The current handful of pre-order Magfast products that arrived last year … from an order years ago … are working just fine. In fact, I’ve enjoyed using them since the first thingCharger nearly a decade ago.
In the course of 2016 thingCHARGER had a series of financial challenges and as a result ceased operations in Q4 2016.
In summary a large majority of backers – 84.5% – voted to start over with a new company, using all the lessons of the past 3 years to make a second attempt at creating a great charging company.
As a result Amy & Seymour have formed a new company and are working on a new project.
I was one of the 84.5% who back his new 2.0 company Magfast. Unfortunately that second try didn’t go well either. Be it poorly managed finally, unlucky with the Covid timing and overseas supliers or a public who had confidence in this smooth talking snakeoil salesman. How ever it works out, founder Seymour Segnit, seems to continue to land on his feet and convince pre-order buyers and capital investors to stay with him hoping someday the company will land on its feet.
Personally having pre-ordered products (and thankfully receiving just enough of them to hang on for more), I’ve struggled with him being just unlucky, a poor business manager or a shyster. The longer it goes on, the more it is likely the third. 
In any case, I’m finally using the desktop Magfast induction charger with my iPhone 16 Pro Max. What is nice is that it charges holding the iPhone either vertically (most of the time) or horizontal, like below for watching a video.
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