Should Failed Kickstarter Projects Issue Refunds?

Post/Author/DateTimePost
#1

homicidal_squirrel

Sep 05, 2012 22:00:05
www.pcmag.com/article2/0,2817,2409316,00...


#2

Robin_Hoodlum

Sep 06, 2012 18:15:12
If they say they will, then yes.
Otherwise, I see it as an investment, and is subject to loss.
#3

Mad_Jack

Sep 06, 2012 19:32:15

   Any endeavor has a chance to fail... If the project starter states they'll give the money back or make other reparations if the project tanks after getting funded, then they should follow through on that. Otherwise, it's an investment and you went into it with the understanding that you were giving money to someone who wanted funding for a project that may or may not have failed to get funding through more traditional sources...

  I wouldn't throw money at a kickstarter if I wasn't reasonably sure there was a very good chance of it suceeding.

#4

Ragnar_Lodbrok

Sep 06, 2012 19:37:39
Have to agree with RH here. Any investment has a chance of failure, and one should keep that in mind when making one. If the person running the project says that they'll offer refunds, they are honor bound to follow through. If they did not offer refunds, it is no different than any other investment. 
#5

Robin_Hoodlum

Sep 06, 2012 20:12:46
It is not really an investment. You are not buying stocks or investing in R&D.

You are buying a product.


No.
You're investing in a product.
How do you buy a product that isn't yet produced?
#6

homicidal_squirrel

Sep 06, 2012 20:26:26
It is not really an investment. You are not buying stocks or investing in R&D.

You are buying a product.


No.
You're investing in a product.
How do you buy a product that isn't yet produced?

When you "invest" in the kickstarter project, the people doing the project give you something in return for your investment. Some movie projects, for example, offer you producer credits. As I'm sure you know, some times movies go over budget. If the movie isn't finished, you don't get your producer credit, do you? 

#7

EscherEnigma

Sep 10, 2012 21:40:10
Except Kickstarters aren't really investments or purchases, they're donations.  And since (by Kickstarter's own statements) there's no assumption of refunds for full-funded but failed kickstarter projects, that's solely at the discretion (hopefully clearly stated) of the project being funded.

Or, to put it another way... if you're going into this with the "I'm an investor" or "I'm a customer" mind-set and assumptions, you've got a kink in your think that you'd better unlink. 
#8

Robin_Hoodlum

Sep 15, 2012 6:57:05
Charity? Ewww.


Spoken like a true progressive.
#9

EscherEnigma

Sep 15, 2012 12:52:34
As long as we're going for political labels, can I point out which party has the Ayn "Selfishness is a virtue, charity is a weakness" Rand followers in their ranks?
#10

ADHadh

Sep 15, 2012 15:22:03
As long as we're going for political labels, can I point out which party has the Ayn "Selfishness is a virtue, charity is a weakness" Rand followers in their ranks?


Thanks for pointing that out before I did