What if kickstarter doesnt deliver

Well, this is where things get complicated. If the project creator fails to deliver, it is bad press for them. This is one reason why backers are extremely cautious of funding projects that do not already have a prototype or some sort of legitimacy proving its validity.

A situation like this is troublesome for everyone involved. We highly discourage project creators to misuse the platform for personal gains. In doing so, you not only ruin the market for others but are also robbing genuine backers of their hard-earned money.

Kickstarter backers are not VC investors or tech big wigs. They are ordinary people like you and me, who either believe in supporting new talent or who are daring enough to bet their money on innovation and technology. These backers are usually industry experts such as gamers, game journalists or tech enthusiasts who are always on the hunt for new and innovative products for which they can be first buyers. Throughout the process, the creator agrees to be transparent even if the news is less than ideal.

If the project is going to be delayed a couple months, that sucks, but let your backers know through a detailed campaign update. A creator in this position has only remedied the situation and met their obligations to backers if:.

In-depth strategy and tactics to launch your product on…. Sign in. Why Crowdfunding? Learn What We Do. Mark Pecota Follow. LaunchBoom In-depth strategy and tactics to launch your product on…. Not everything pans out. Crowdfunding removes barriers and makes it easier to get products into production.

Raising money needed to get a product from an idea to a product is hard and takes a lot of time. But often over the course of fundraising and moving things into production, issues arise and are addressed before promises are made to consumers. With crowdfunding, promises are made before the challenges are known. The first printers were supposed to ship to backers in February As of September , only products had shipped.

Sometimes Kickstarter and Indiegogo projects fail.