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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 on Dec 8, 2015 05:27 am CST - 0 mins, 27 secs reading time

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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:engadget.com

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