Frankly, I'm waiting for the Kickstarter bubble to burst - either with a high-profile failure (the Mage Knight campaign could be one such; they're wanting $700k in 28 days and you need to cough up $170 to even get any actual miniatures), or outright fraud. At the moment, it's got this "power to the people!" aura about it, which is probably helping boost interest.
Before Kickstarter, someone who wanted to publish a game had to get the funding together from their own savings, bank loams, credit cards, etc - or hawk it to a big games publisher and hope they took a liking to it. Now, Kickstarter is removing all the financial risk from the creator and putting it onto us, the supporters. It's like Dragon's Den, except Duncan Bannatyne gets a share of the company, not just product. Essentially David has given CoolMiniOrNot inc. a loan of $270,
interest free for five months.
Looking at Kickstarter's T&Cs, creators are obligated to supply any rewards they committed to. On the other hand, it subsequently says
Kickstarter is not liable for any damages or loss incurred related to rewards or any other use of the Service. All dealings are solely between Users. Kickstarter is under no obligation to become involved in disputes between any Users, or between Users and any third party. This includes, but is not limited to, delivery of goods and services, and any other terms, conditions, warranties, or representations associated with campaigns on the Site. Kickstarter does not oversee the performance or punctuality of projects. The Company does not endorse any User Submissions. You release Kickstarter, its officers, employees, agents, and successors in rights from claims, damages, and demands of every kind, known or unknown, suspected or unsuspected, disclosed or undisclosed, arising out of or in any way related to such disputes and the Service.
which implies that if Mike, Ali and Chern were ll to disappear with the near-million, that's not Kickstarter's fault - presumably it's up to each individual supporter to try to claim back their money from the project creator; something that's going to be very difficult, especially for those of us outside the USA.
With traditional pre-orders, you're covered by consumer protection laws and credit card companies if appropriate. With Kickstarter, I don't think those things apply.
I'm not saying CMON
will go bust or defraud four thousand people of their money, but the protections seem rather weak. Personally, I'm in for $220, plus another $150 or so for Ogre.