Crowdfunding has taken off in a big way over the past year, with thousands of projects and businesses gaining investment from regular Joes like you and I. It’s a welcome break from the traditional funding avenues of angel/venture funding, or God forbid dragging yourself onto shows like Dragons Den!
Kickstarter has been at the vanguard of the crowdfunding movement, but there have been concerns raised over the seemingly small level of responsibility between funder and fundee. After all, the movement would slowly unravel if the expectations of the funders that the projects would be completed as promised were not met. If fraudsters took to the platform with no intention to complete a project of any kind, the crowdfunding movement would quickly fall apart at the seams.
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