I find it fascinating how Kickstarter is starting to adopt some of the same cautions that we see in an S1/Prospectus, "“What are the risks and challenges this p

I find it fascinating how Kickstarter is starting to adopt some of the same cautions that we see in an S1/Prospectus, "“What are the risks and challenges this project faces, and what qualifies you to overcome them?”" As a long time burner, it was interesting to me how year after year, the playa adopted many (but not all) of the rules, regulations, restrictions of the outside world. We had a DMV (Department of Mutan Vehicles), Building Regulations (for buildings over a certain height), developed clinics, and ambulance services - etc... It will be interesting to see, over time, how kickstarter adopts many of the SEC mandated governance over new enterprises going to the market for funding. Reading through all the regulations though - it feels like 90% (100%?) are in response to this: http://www.kickstarter.com/projects/limemouse/lifx-the-light-bulb-reinvented?ref=live http://www.kickstarter.com/projects/limemouse/lifx-the-light... I'm sure a LOT of people watched that video, and thought that the LIFX lightbulb exists (or almost exists) in it's current incarnation. Also, there are a lot of people supporting for $500 in the belief that they'll get 10 lightbulbs - I wonder how many of those backers don't realize their is a better than even chance that this project will come to nothing, and they'll get nothing but good feelings for their money?