"From what I can tell, their pitch on Kickstarter said that they were going to use that money to build their idea. But in fact they used it to look for investme

"From what I can tell, their pitch on Kickstarter said that they were going to use that money to build their idea. But in fact they used it to look for investment" They did build their idea (a prototype/demo), and it was shipped to backers. It seems they were /also/ looking for follow on funding but couldn't find any.