An interesting point, and one that I don't hope to see any time soon; especially with Ouya, or any of the projects I've backed like Wasteland 2.
I backed both Double Fine Adventure and Wasteland II Kickstarter campaigns knowing I might never see a completed game. I think it should be implied by the project teams and understood by the backers that donating to the project guarantees you nothing. It's a little more cut and dry in the projects I donated to, since they give you progress reports and have already established themselves in the industry. The risk isn't too great that I'll see no product come to pass. Other projects, specifically the ones that are developing new technologies in a rapidly changing ecosystem, might just have prototypes that just don't cut it, or somebody privately funded comes along and beats them to market. Those are the instances where I see more chance of a failed investment.
At the end of the day, I feel it is the person fronting their money that needs to have their eyes wide open. Just like private investors that fund a project might never see a return on the investment, so might a Kickstarter project backer. It's the nature of the business.
I wouldn't expect a refund, but then again I wouldn't give them any more than I could afford to lose either. (just like at a casino)
Don't part with your illusions. When they are gone you may still exist, but you have ceased to live.
Its funny, question you can hide alot of bs I have seen a game fail who father of friend invested millions. He was just out no returns no nothing. But the guy who started project kept all the patents and software and all that was gained. But restarted the project and made a toooooon of money.
Depends if it fails I definitely think remaining asset's should be divided. And all bonuses ect halted cause right before it failed the guy took huge bonus and said whoop's were broke sorry.
This is a risk any investor has to take. When you buy stocks and the company doesn't do well (Facebook) or goes belly up (hopefully Facebook) there is not much you can do. You invested in or supported these companies and you have to be ready to take a loss. Donators on kickstarter should actually expect the companies they donate into to fail at a higher rate than a company already establish and on a stock exchange. These are companies with no investments, no portfolios, and often only a hand full of patents pertaining to the one product they are still researching and developing. There is no safety net for such a setup.
Who I do feel sorry for are the people who donate the minimum amount (which is a lot more than the average person donates) in order to be the first to receive demos units and other free goodybag type gifts. If those people don't receive the gifts the should be refunded because technically they paid extra to receive something not just to seethe company bring their idea to market.
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