Did you know that almost every Indiegogo campaign collects money even if the project fails to meet its goal? That’s because 95 percent are setup using so-called Flexible Funding. Fixed Funding is the all-or-nothing model you’ll find employed by Kickstarter whereby money is withheld until the project meets its targets. With flexible funding, all the risk is with the consumer.
Refunds for failure to deliver? Ha, you must be joking. You can ask nicely and Indiegogo can suspend the campaign’s account, but when push comes to shove you’ll have to fight the campaign team in a US court of law to get back your money.
That leaves Indiegogo ripe for abuse, especially for gadget shoppers. This isn't new, but cheap sensors and radios coupled with...
First Click: I'd rather buy a watch in an alley than from Indiegogo
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