More Twists In The Story of TechShop: 2.0 Agreement Cancelled

More Twists In The Story of TechShop: 2.0 Agreement Cancelled

The ongoing saga that is TechShop continues to have twists and turns. Adafruit has reported that the Memorandum of Understanding (a document that outlines a partnership plan but isn’t legally binding) has been cancelled. This document was between Dan Rasure and the TechShop board.

From the tidbits that Phil Torrone has collected, it would appear that the current TechShop board did not have faith that Dan Rasure was capable of taking over the business, so they cancelled the Memorandum of Understanding. This happens, it isn’t extremely rare either. What makes this especially messy is that Rasure had begun paying money to vendors to cover bills for TechShop. Rasure said:

I wanted to clear up a few things and I will be posting a letter soon. I did not walk from the deal with TechShop. They had received money to pay for their lawyer, health insurance for their employees, some staff pay, and money for their email services (it is amazing how much money it cost to keep their email alive).

This of course means that Rasure won’t simply walk away, having already begun investing in his TechShop 2.0. The board of TechShop meanwhile is talking to multiple parties about purchase, and still considering chapter 7 bankruptcy.

While it may be easy to disregard this whole mess as a few investors battling over the remains, we need to remember there are many makers impacted by this closure. There are startups who can’t access their materials, at the most important time of year no less, to create their products or projects.

This post at Adafruit is getting updated regularly with details and quotes, keep checking there for the latest.

Discuss this article with the rest of the community on our Discord server!

I get ridiculously excited seeing people make things. I just want to revel in the creativity I see in makers. My favorite thing in the world is sharing a maker's story. find me at

View more articles by Caleb Kraft


Ready to dive into the realm of hands-on innovation? This collection serves as your passport to an exhilarating journey of cutting-edge tinkering and technological marvels, encompassing 15 indispensable books tailored for budding creators.

Escape to an island of imagination + innovation as Maker Faire Bay Area returns for its 15th iteration!

Buy Tickets today! SAVE 15% and lock-in your preferred date(s).