It is technically a donation: http://www.forbes.com/sites/chancebarnett/2013/09/09/donation-based-crowdfunding-sites-kickstarter-vs-indiegogo/ http://www.forbe

It is technically a donation: http://www.forbes.com/sites/chancebarnett/2013/09/09/donation-based-crowdfunding-sites-kickstarter-vs-indiegogo/ http://www.forbes.com/sites/chancebarnett/2013/09/09/donatio... ...when I first heard about it, it was frankly obvious that kickstarter was a devious way around SEC investment rules regarding the category of "accredited investor". Nothing since then has suggested to me otherwise. But that's how the scam works. It's a donation that feels like an investment. If people are actually stupid enough to donate money thinking they are "investing" that merely shows the success of the con.