I wouldn't have interpreted it the way I did, had you written "I have nothing against the kickstarter approach. But when individuals are allowed to collectively

I wouldn't have interpreted it the way I did, had you written "I have nothing against the kickstarter approach. But when individuals are allowed to collectively donate millions to dollars to ventures without any ownership, it is insane to bar them from funding the same projects and receiving an ownership stake in return." This retains most of your words, but what you find insane is less ambiguous now.