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9% of Kickstarter projects don't deliver their rewards

Kickstarter says 9% of crowdfunded projects don't deliver
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Dec 8, 2015 11:27 am

We all know there are some Kickstarter projects that get funded, but just don't take off for whatever reason. Well, the crowdfunding giant has posted an independent study that says that 9% of Kickstarter projects don't deliver their rewards.

 

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The findings state that 8% of money gets pumped into these projects, with the rates consistent among categories, with tech projects just as likely to fall apart as other categories. The report also added that 13% of failed projects deliver refunds, with backers adding that 10-20% of creators hand out refunds without complaints.

NEWS SOURCES:Engadget.com

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