Stories like this are going to kill the crowdfunded gadget market, and it's going to go the way of GroupOn as another mid-2010's Internet fad. I would much rat

Stories like this are going to kill the crowdfunded gadget market, and it's going to go the way of GroupOn as another mid-2010's Internet fad. I would much rather pay 2x the price for a real product that has been shipped to stores and has a review, as opposed to a pre-order Kickstarter campaign. It's really interesting to me that based on a video, people are willing to drop hundreds of dollars on gadgets simply on trust. Kickstarter or Indiegogo need to take more responsibility for these campaigns, otherwise they will find themselves dead in 5 years. They need to: 1) Have the creators set the number of funders to a reasonable level. If you know how to build 100 devices, you don't know how to build 100,000 devices, it's an entirely skillset and price point. 2) Have the creators set an execution plan, where they need to his milestones with firm dates before money is released. Once it has been determined it hit a milestones, then the next round of funding gets sent to them. IF they miss a milestone, funders get the option of refunding the rest of their money back.