Reply to post: Crowdfunding

$13m+ Swiss Army Knife of blenders biz collapses to fury of 20,000 unfulfilled punters

hoola Silver badge

Crowdfunding

The entire concept of crowdfunding is reliant on these websites that facilitate the process. As with any financial instrument those running the scheme, IPO or whatever will be taking a commission. It is this commission that is the important thing to them, particularly in this area of unregulated Internet funding. It is just seen as a more acceptable version of the scroats that try and sell worthless shares for startup companies.

Unfortunately, for whatever reason there appears to be a never-ending pool of people who are sucked in by these "kickstarter" promotions who end up losing money.

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