What happens when Kickstarter fails?

What happens when Kickstarter fails?

You don’t lose any money. But, once the project has funding, it has to deliver the promised goods. If it doesn’t, it’s the creator’s responsibility to refund the money. Kickstarter doesn’t handle money, so it’s a bit of a gamble.

Do you get money back from failed Kickstarter?

Kickstarter is not a store and we do not issue refunds. When you back a project, you’re supporting a creator’s right to try to make something new—and agreeing to go along for the ride.

Do kickstarters fail?

9% of Kickstarter projects failed to deliver rewards. 8% of dollars pledged went to failed projects. 7% of backers failed to receive their chosen reward. 65% of backers agreed or strongly agreed with the statement that “the reward was delivered on time”

What happens when Kickstarter is overfunded?

Any funds raised beyond the goal will help the creator to cover any manufacturing or shipping costs related to their add-ons. In other cases, overfunding leads to better margins and the creator may even profit from the project.

How do I get a refund from Kickstarter?

Search for the backer in the report and click on their name. In the modal that opens up, click the “Issue a refund” button. Fill out your personal credit card information (this will be the card that the refund is issued from) Then enter the amount you are refunding, whether it is a full or partial refund.

Can I sue a Kickstarter?

Yes, you may be able to sue the creator of a Kickstarter product. If you are a backer of a project who doesn’t get their reward, you may be able to sue for breach of contract, fraud, or for violation of a state consumer protection statute. You may even be able to bring a class action.

How many kickstarters get funded?

Successfully Funded Projects

What happened to the Red Ash Kickstarter?

In 2015, the Red Ash video game Kickstarter failed to reach its $800,000 goal, while the anime Kickstarter just squeaked by with a little over $160,000. The Red Ash video game Kickstarter didn’t just fail for its association with Mighty No. 9.

Should you fund a game on Kickstarter?

When you fund a game on Kickstarter, you’re taking a chance that the developer you just entrusted your money to – whether is five dollars, $100, or $1K – isn’t capable of developing his game. Kickstarter is not a store. If it fails, it fails.

What is Kickstarter and how does it work?

For the uninitiated, Kickstarter is a service that sees everyday people co-financing a project through a wide variety of denominations in exchange for exclusive bonuses, typically in the form of early access to the game, the chance to play a beta version, and so on.

Is Kickstarter a blessing or curse for Game Developers?

Unfortunately, the early days of Kickstarter saw developers and backers blindsided by the hype. Kickstarter is a blessing and a curse. The crowdfunded website is the perfect platform for developers – new and old – to make their dream game a reality.