"completely abused Kickstarter is becoming"
The problem is that Kickstarter gets a 5% fee, so it is to their business interests to raise as much money as possible (even if the product isn't completely up to snuff)
The problem is that Kickstarter gets a 5% fee, so it is to their business interests to raise as much money as possible (even if the product isn't completely up to snuff)
There are two ways of looking at the problem:
- from the side of the project sponsor, KS is already the gold standard. Think about forbes.com: forbes has a name but they still make money selling out the name. Even if there are high-profile failures, the storyline will be spun as failures of the projects and not the platform or process.
- from the side of the project creator, KS is an easy way to get a ton of money (far more than the fixed-funding campaigns of other sites like indiegogo)