Crowdfunding Is Now A Contract Between Company And Backer
Kickstarter is not a store. Indiegogo is not a store. Crowdfunding is not buying something — you’re merely donating some money, and you might get a reward for your pledge. Caveat emptor doesn’t apply, because there is no buyer, and no one can figure out what the correct Latin translation for ‘backer’ is. These are the realities that have kept Indiegogo and Kickstarter in business, have caused much distress in people who think otherwise, and have been the source of so, so many crowdfunding follies.
Now, finally, crowdfunding is being legally recognized as a store. The Register reports a court …read more
Continue reading Crowdfunding Is Now A Contract Between Company And Backer