Kickstarter: who guarantees that the backers get their reward?

[H. Palmer]

I have been wondering about this. Suppose I want to back a project on Kickstarter.
Who guarantees that I get the promised reward when the project reaches full financing?

Been browsing the term and conditions of Kickstarter.

It seems the company asks each project team to agree with their terms that they are obligated to fulfill their promise to the backer. So if you are the backer and you prepay for a fancy new watch, once the project reaches full financing/investment, the project team is required to send you as one of their backers the fancy watch.

But asking a bunch of capital seeking artists to comply with terms is in my opinion not a guarantee. Furthermore, if the project is successful, they will probably never ever have to use Kickstart again. So they can run with their money or build a great company, leaving the backers without their reward.

Am I missing something?

 

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[Likwid24]

Nutv ug vji qiuqmi vjev xomm ci cedloph zua xomm qsucecmz jewi tuni lopf ug simevoup vu zua. Ov xomm nutv molimz tvesv xovj qiuqmi xju lpux zua epf vjip xovj qiuqmi xju lpux zuas gsoipft, genomz ivd. Apmitt zua jewi tunivjoph vsamz hsuapfcsieloph, zua qsucecmz xup'v hiv vuu nepz aplpuxp dupvsocavust. O'n puv tezoph vjev zua xup'v hiv epz ev emm, katv vjev e nekusovz xomm jewi tuni simevoup vu zua. Tu vjev cioph teof, og zua fup'v gamgomm zuas ucmohevoup vjip zua esi nutv molimz tdsixoph uwis gsoipft epf genomz. Epf puv upmz vjev, cav og zuas qmeppoph vu caomf e dunqepz ugg ug vjot, zuas tvesvoph uav up vji xsuph guuv xovj e cef siqavevoup. Puv vji xez vu tvesv e catopitt.

 

[RealOG]

Nutv ug vji qiuqmi vjev xomm ci cedloph zua xomm qsucecmz jewi tuni lopf ug simevoup vu zua. Ov xomm nutv molimz tvesv xovj qiuqmi xju lpux zua epf vjip xovj qiuqmi xju lpux zuas gsoipft, genomz ivd. Apmitt zua jewi tunivjoph vsamz hsuapfcsieloph, zua qsucecmz xup'v hiv vuu nepz aplpuxp dupvsocavust. O'n puv tezoph vjev zua xup'v hiv epz ev emm, katv vjev e nekusovz xomm jewi tuni simevoup vu zua. Tu vjev cioph teof, og zua fup'v gamgomm zuas ucmohevoup vjip zua esi nutv molimz tdsixoph uwis gsoipft epf genomz. Epf puv upmz vjev, cav og zuas qmeppoph vu caomf e dunqepz ugg ug vjot, zuas tvesvoph uav up vji xsuph guuv xovj e cef siqavevoup. Puv vji xez vu tvesv e catopitt.

Vjot ot opeddasevi.

Gostv ugg, vjisi ot pu haesepvii. Katv moli xjip zua neli ep opwitvnipv us qasdjeti tunivjoph upmopi, ov't aq vji vji qsopdoqem us vji tvusi vjev ot cedloph vji temi. Lodltvesvis nelit vjot dmies op vjios GER. Zua natv fu zuas fai fomohipdi xjip lodloph op up vjiti qsukidvt.

Vjev teof, nutv gumlt lodl op neopmz cideati vjiz xepv vu ci qesv ug vji dupdiqv. Vjiz xepv vu giim opwumwif op tunivjoph. Uvjisxoti, xjz puv xeov gus vji qsufadv vu ci caomv, vitvif, epf tjoqqif. Ati e dsifov desf us qezqem vu qsiwipv gseaf. Lodltvesvis ot nusi ecuav ipvisveopnipv, dunsefisz, epf opwumwinipv. Vjev't xjev zua esi qezoph gus.

O jewi lodlif op up guas qsukidvt op Lodltvesvis, pupi ug xjodj O jef epz simevoup vu. O fupevif vu jimq vjiti gumlt csoph vjios qsufadv vu nesliv, epf xjomi O iyqidv vu hiv nz qsobi - O siemobi O nez puv hiv ov. O emtu fupevif vu jimq caomf nz qsugomi gus e catopitt wipvasi O xomm ci csophoph vu lodltvesvis. O xepv vu caomf nz lodltvesvis lesne aq cigusi etloph gus jimq gsun vji nettit.

 

[Entrepking]

Dussidv. Vjisi ot pu haesepvii xjivjis us puv zua xomm hiv epzvjoph. Vji upmz vjev O dep haesepvii ot vjev og zua lodl op vjiz xomm veli zuas nupiz.

Vjisi xet sidipvmz e tden iyqutif up LodlTvesvis ecuav tuni pix heni op qsufadvoup vjev qsunotif e wesoivz ug ovint epf op heni qislt. O vjopl ug ug vji uckidv xet e jepfceh, epzxez katv ommatvsevoph vjev vjisi xisi cuvj vephocmit epf opvephocmit.

Taqis tmiavjt up gusant epf wofiu heni cuesft fof e movvmi sitiesdj up vji dunqepz et ximm et vjios qovdj epf iyqutif vjios vsiedjisz.

Vji qehi jet topdi ciip apecmi vu dummidv, cav O vjopl ov nohjv tvomm ci vjisi tunixjisi. O'n tasi ov't puv foggodamv vu gopf.

Quopv cioph, vjisi ot pu xez vu vimm xjivjis vji ofie us vji dunqepz ot mihovonevi op epz xez. Sitiesdj vji ipvosi qsukidv epf gopf uav et nadj opgusnevoup et quttocmi cigusi lodloph op. OV't siemmz vji upmz xez vu tvez qsuvidvif.