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Another red flag is that the "Risks and Challenges" Kickstarter mandated doesn't actually disclose any risks or challenges, just generic statement that could ap
by bcoates 13y ago
Another red flag is that the "Risks and Challenges" Kickstarter mandated doesn't actually disclose any risks or challenges, just generic statement that could apply to literally any manufactured product and a bunch of puffery about how great they are.
- joosters 13y agoToo true... I've yet to see a decent and honest 'risks and challenges' section for a project, they all end up talking about how great everything is. They are far removed from the 'risks' section of a financial prospectus (which still get ignored!) and yet kickstarter backers have fewer rights and safeguards than a real financial investor.
- tinco 13y agoThey also invest much less. I'm not sure why you would need a safeguard for investing $429. Clearly you can miss the money since the starter clearly states you won't get the project until its done, and that's a minimum of 6 months away. If the project never gets done and no one receives their reward, what's the harm done?