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So, whats to say that they didn't take the 100 000 USD and gave to themselves the first day and barely haven't cared about Hemlis since then?
by Gurrewe 11y ago
So, whats to say that they didn't take the 100 000 USD and gave to themselves the first day and barely haven't cared about Hemlis since then?
- theintern 11y agoNothing, but that's the risk of crowdfunding. At least in this case it was someone quite well known in the community with some sort of track record (flattr). Projects fail, and to be honest, it was always a possibility here with his legal problems.
- Touche 11y agoIt seems like it would be better if crowdfunding sites didn't give you the entire lump-sum up front but instead gave it to you incrementally as you completed pre-defined milestones. So if you have 8 milestones you get 1/8 of the money up-front and then each time you achieve a milestone. If you take twice as long to achieve that first milestone and run out of your initial payment.... welp then you have to go back to the community and ask to renegotiate the arrangement.
- rvschuilenburg 11y agoSounds like a solid plan. The backers could be given the option to vote if a certain milestone is met or not.