The Pitfalls of Kickstarter Projects

"It just ticked me off," he said. In March 2011, Neil Singh paid $50 to back the Hanfree iPad stand on Kickstarter. The project was funded at $35,000, but production stalled, and the delivery estimates kept getting pushed back. Eventually, the project's creator, Seth Quest, sent a final update saying the project had officially failed and that he would try to refund backers. The refunds never came, so ten months later Singh, an attorney from Arizona, filed a lawsuit citing breach of contract. The lawsuit bankrupted Quest and the fallout made it hard for him to get work, forcing him out of his... more

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