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This year has been a tricky one for crowdfunding site Indiegogo, thanks to a number of campaigns using its service to raise money for dubious projects (though there have been some cool uses). It looks like the company is responding with a new feature that offers backers some peace of mind about their investment. The […]
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After a bizarre decision to completely shut down their Kickstarter campaign rather than simply produce a better product video, the team behind the Scribble Pen went virtually radio silent for over a week despite repeatedly broken promises to relaunch their campaign. They finally broke that silence today revealing some unsettling changes to their project. The team seems […]
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Author’s note: Portions of the research for this project were provided by reader K. Thank you for your help. Every few weeks, we see another crowd funded campaign trying to revolutionize the way we look at our wrists to see the time. While most of these products aim to add new features to a standard watch, […]
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Campaign supporters fork over millions of dollars on rewards-based crowdfunding sites in exchange for goodwill, a trivial reward like a T-shirt or, some say, nothing more than an empty promise. The crowdfunding sector grew to $2.7 billion in 2012—financing more than 1 million campaigns globally, according to an annual report on crowdfunding from Massolution. That […]
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The Areal Kickstarter was pushed over and then well past its goal a few days ago thanks to a very sudden spike in support, but the saga has now taken an unexpected (or perhaps not) twist, as funding for the project has been suspended. The Kicktraq graphs tell the tale: After a strong start, the Areal Kickstarter bogged down amid accusations […]
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There’s an expression: Better late than never. But it’s not always true. It’s not always better to be late. There are times when you should simply not show up at all. There’s a time when you should just pack up your things and go home. Maybe reschedule. Take a rain check. After seeing the first gameplay […]
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Ever since Kickstarter launched its crowdfunding platform, it was long believed that backers had to bear the risks of supporting projects. The company itself made clear early on that it isn’t liable for damages or loss relating to “rewards or any other use of the service,” and many backers have been burned without recourse. That […]
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Michael Sintetary was caught red handed trying to sell an existing product. He claimed to have designed a unique product in his Free Roll Machined Gamers Dice Kickstarter scam. These dice have been available for 8+ years in bulk from China, even in the same dice boxes he was trying to claim as his own. […]
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Nhu Truong is the Creator of the Keylet : A Minimal Key and Wallet All In One System Kickstarter Scam. He is part owner of the company Crearri, which appears to have now folded completely. The project was funded on 9/26/12 with 1,556 backers and $113,484 pledged of the $42,500 goal. Since then, the company’s website, […]
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There’s a new service in New York that’s angling to let litigants in certain types of cases crowdfund their lawsuits against bigger, better-funded competitors. Private equity financing of lawsuits in certain corporate cases has existed for several years, although the idea of funding a legal campaign for a return on investment is still in its […]
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