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You do get something back, you prove the idea has legs. Someone might go build it. It might help to give something more to backers but it seemed too much to w
by repartix 6y ago
You do get something back, you prove the idea has legs. Someone might go build it. It might help to give something more to backers but it seemed too much to work on for the MVP. I mean, if this idea gets 0 users (again) there's no point in adding more stuff to it.
On refunds there are two options. The builder can either accept the $1000 or refund them.
I don't know what would work. The reason I put a hard-cap on $1000 is to not get in legal trouble during this launch. Getting more than $1000 might make a service classified as an MSB (money services business). For the same reason, I'm thinking of refunding all the money back after 30 days, and not letting the builder keep any of the money.