The KS Terms are a little more nuanced. The 'refund' stipulation, for example, only says that they must refund any 'remaining' money, not that they must provide

The KS Terms are a little more nuanced. The 'refund' stipulation, for example, only says that they must refund any 'remaining' money, not that they must provide a full refund. And there are several criteria that a project creator has to meet, in the absence of completion, to meet their obligations. The effect is that KS can be used for projects that may fail. And quite right too, since that was its original aim (before it got saturated with companies using it as pre-sales / marketing / investment credentials / etc.