This being said, I was under the impression that funding a project is still a bit of a risk - I'd expect that some projects (like businesses) simply don't work out how they planned - this seems like that type of problem. Of course they should have mentioned the signal problems (and even reached out to see if they could crowd source a solution) but buying in as an early "funder" would imply that there is a risk that it doesn't work, in my opinion.
Seems like they simply couldn't deliver on the project, glad that it's only happened to him once in 72 times.
I've funded a few projects of friends. One never materialized but it was worth the shot and the others are in production. If you spread your investments out, some are bound to take off no? I'm in line to receive some great products that wouldn't see the light of day otherwise and I'm excited. You don't get this excited over many things you can buy.
I must say though, reading the content of this Kickstarter they don't deal very well with their failure. With the proper tone they could have gotten another round and kept their investors happy.
I don't quite understand what the "investors" are getting out of KickStarter. It doesn't seem like prouducts are that unique or cheap. The risk of a project failing or being delayed means I wouldn't buy anything I really needed from there.
It seems like all the benefits are on the producers side. They can start a project with little risk, ask for more money when they mess up their budgetting and still finish up making a tidy profit.
As an investor you help create something that didn't exist before. Maybe something cool or interesting or important that you think should exist. Maybe something you desire to own as well.
Sometimes the rewards are worth more than the investment, sometimes the personal value of contributing to something worthwhile is enough. People volunteer their time and donate their money to things beyond helping sick children and the poor.
This being said, I was under the impression that funding a project is still a bit of a risk - I'd expect that some projects (like businesses) simply don't work out how they planned - this seems like that type of problem. Of course they should have mentioned the signal problems (and even reached out to see if they could crowd source a solution) but buying in as an early "funder" would imply that there is a risk that it doesn't work, in my opinion.
Seems like they simply couldn't deliver on the project, glad that it's only happened to him once in 72 times.