Kent M.

I have backed 3 Kick starter projects that have simply evaporated. The one I backed most, buying 3 units, had a prototype on their campaign. All of these had regular updates... At first. Then, complete and total black out of correspondence and updates. Even if the entrepreneurs start in earnest, they flee like scammers. The minimum etiquette would be to admit they did not budget correctly, the tech was not viable... The truth. If that is the truth. I think when I lose $500 to a fledgling company, who enticed me with promises of product, I have earned the expectation of some notice of their failure. Jorno, for example, posts nothing to any site. They had a prototype. What happened? CST had a thin watch where batteries and the band became an issue. That wasn't so clear when they had campaigned for money... It was worse that they contacted me to clarify payment when online fraud kicked in on my card! I guess my credit card knew I was getting greased! Shame on all of them! No matter what the fine print says: we all paid to see product. We all expected regular updates. A minimum expectation would be to notify investors that they would never see goods! Kickstarter is to blame as well. If they get their cut of our investment, they should be obliged to refund their brokerage/commission when it falls through. I actually think Kick starter has the real grift. They get paid as soon as reserves are met... And feign neutrality and claim immunity. Kick starter needs to feel some hurt for these losses too!