A big problem with crowdfunding is that many backers don't seem to understand the risk they are taking on. It is distressing to see pages and pages of comments complaining about a project's failure, but in the same vein, I've never seen a gambler bang on a slot machine because it didn't payout this time. Is this due to a lack of basic business knowledge among the public?
I think a big reason I've never contributed to a campaign is because there's a greater than 50% chance my money will evaporate.
I think a big reason I've never contributed to a campaign is because there's a greater than 50% chance my money will evaporate.