Kickstarter Project Canceled After Dude Spends All the Money

http://www.edge-runner.com/2013/07/kickstarter-project-canceled-after-dude-spends-all-the-money/

by avty • 13 years ago

10 16 13 years ago

nahcub• 13 years ago

Kickstarter shouldn't be considered anything more than a donation, with the possibility of getting something at the end. The model has flourished because of the simplicity of it, and involving contractual agreements in the sponsoring process would simply complicate it and scare away potential donors. One should support Kickstarter projects because they want to see a project flourish, and the rewards should be an afterthought.

GhotiFish• 13 years ago

while I agree with that, I can't help but feel if you're getting public money, your product should be public, and oh so many of them are not. Sometimes the upshot of donating to a kicstarter project, is that the public can later buy it. yay?

pallandt2• 13 years ago

This is the real, full post that edge-runner just links to: http://valleywag.gawker.com/kickstarter-project-canceled-aft... Also, the original link/site is 503 now, so try my link directly instead.

wikiburner5• 13 years ago

The saying "consider the source" comes to mind. Valleywag has to be the most disreputable "news outlet" in tech, which is truly saying something.

PG banned it for a reason.

pallandt2• 13 years ago

It's true...but in this case it seems the story indeed originated there and appears to have some credibility. I figured people might at least want to know what project it referenced and a minimum of a backstory.

zmitri2• 13 years ago

I understand why they are banned -- a lot of their stories are sourced from hear say and aren't written with professional courtesy -- that being said, they actually do publish a lot of interesting articles that others just aren't willing publish because of their ties to the valley and partner relationships. That guy Sam Biddle digs really hard (sometimes into the dirt) and sources a lot of stuff others don't.

When you drill down to it, the fact that PandoDaily's investors are also investors in a lot of the companies they report is a pretty big issue -- perhaps one that makes them disreputable? What about the fact that sometimes articles on TechCrunch are essentially large snippets of what a founder has just wrote to the writer in an email? There's a lot of bias in tech news, it just depends who's side you're looking at it from.

japaget• 13 years ago

Link to the Kickstarter post for the project:

http://www.kickstarter.com/projects/forkingpath/the-doom-tha...

weisser• 13 years ago

Amanda Palmer got similar flack for using some of the money raised to pay off personal debts but at least she fulfilled all of her backer's rewards.

wikiburner5• 13 years ago

Just curious, how was that revealed? Kickstarter recipients aren't required to reveal the accounting of how they spend the proceeds, are they? Did she voluntarily disclose to her backers that she was paying off personal debts?

molecule• 13 years ago

yes.

to put a number on all of that behind-the-scenes stuff which just got us to DAY ONE of kickstarter: $250,000.

http://www.kickstarter.com/projects/amandapalmer/amanda-palm...

smoyer• 13 years ago

You have to admire that he plans to pay refunds over time by "getting a job". I hope he sticks to that plan and I can guarantee that people will admire his character when they find out what he's doing.

elnate• 13 years ago

Have they considered open sourcing what they've done already?

Kickstarter Project Canceled After Dude Spends All the Money

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