oops-failure

Kickstarter dodges responsibility for failed projects

What happens if a crowdsourced project fails? Do contributors get their money back?
In an NPR interview, Kickstarter co-founder Yancey Strickler seems to suggest that has never happened … that failed projects which are unable to deliver promised goods are “a bridge that has not yet been crossed.”

Kickstarter funding explodes, on pace to triple this year to around $300M

We’ve been reporting on a lot of very cool tech and gaming projects that have found huge success on the New York-based crowdfunding platform Kickstarter this year. The site, which never had a million dollar project before 2012, keeps breaking its own records, with the Pebble smartwatch, which has now raised more than $5 million, leading the pack.