Kickstarter, IndieGoGo and RocketHub can be a huge help for those looking for some financial backing. There are numerous artists, musicians, game developers, inventors and charitable causes that have benefited from receiving financial support from strangers.Crowdsource funding websites like
But recent statements from a Kickstarter board member has thrown into question whether those crowdsourcing websites can protect the people who invest in projects. Put simply, they can't.
In an interview with Polygon, the board member said that they can't protect backers, "because Kickstarter is more a platform than a business," writes blogger Emily Gera. Their terms of service state that while they take a 5 per cent cut from funds raised through their website, they are the platform and aren't directly involved in dealings between users.
Backers of Mythic: The Story of Gods and Men know this all too well, as the video game project was revealed to be a scam by online communities including Reddit andRead More »from Why crowdsource funding sites might not be all they’re cracked up to be