February 11, 2013 @ 7:00 am By Charles Luzar  |  

Promises Made An individual identifying himself as Michael Waller of Syracuse, NY launched a Kickstarter campaign in the summer of 2012. The project was called the “MD-Pen,” or “minimal and durable pen.” It is an aluminum housing compatible with many off-the-shelf pen cartridges. Pre-orders were offered starting from $29. 321 Kickstarter backers contributed to Michael Waller’s… Read More

Read more in: Featured Headlines, Offerings  |  Tagged fail, fraud, kickstarter, md-pen, michael waller, neil singh

January 22, 2013 @ 8:30 am By Charles Luzar  |  

Earlier this month we caught wind of the story of Hanfree, Seth Quest and Neil Singh as first reported by Eric Markowitz in Inc. It is supposedly the first time a Kickstarter backer had sued a project creator, and it eventually led to our story on crowdfunding being “serious business,” even on Kickstarter. Quick summary:… Read More

Read more in: Featured Headlines, General News  |  Tagged hanfree, kickstarter, lawsuit, neil singh, seth quest

January 14, 2013 @ 3:55 pm By Charles Luzar  |  

Neil Singh didn’t understand Kickstarter or rewards-based crowdfunding when he donated to the Hanfree campaign in late 2011. He isn’t alone. This kind of crowdfunding isn’t anything like your typical preorder. If you were to land on a Kickstarter campaign page without having any experience in crowdfunding, you may assume your “purchase” is guaranteed. It isn’t…. Read More

Read more in: Featured Headlines, Offerings, Opinion  |  Tagged fail, hanfree, kickstarter, neil singh, rewards, seth quest