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How about KickStarter holding the money in an escrow account after a project is funded and then releasing it in bits after the creators have reached a milestone
by pavornyoh 11y ago
How about KickStarter holding the money in an escrow account after a project is funded and then releasing it in bits after the creators have reached a milestone? That way, the creators are not getting all the money upfront? Will that be hard to implement? Surely, there has to be a way to protect the backers from losing all their money..
- pavel_lishin 11y agoI think the people cost will be what would kill that; they'd have to have people actually verify milestones, investigate the kickstarter campaigns, etc.