Sascha Segan at PCMag.com:
Of the 312 projects I studied, 30 have received more than $500,000. Let’s call those the “mega-projects.” Of those 30, only six have delivered products by now – a 20 percent success rate.
That’s because mega-projects are generally new for Kickstarter. Twenty-eight of the 30 mega-projects were funded in 2012. Ten of them have been funded in June and July alone.
It’s not that Kickstarter is a bad way to fund these high-dollar projects. We simply don’t know. The money has been flowing in too fast to produce results by which we can judge.
I love the idea of Kickstarter, but people shouldn’t fund an idea thinking they are going to get a working product in their hands. They should fund to help support innovation. Doing otherwise is asking for disappointment.
