Need help understanding KS funding
How does this happen? The Qcoo project was at about $15,000 funding (of $30,000 goal) with 9 days to go. Then it jumped to $20,000 with just a couple of new backers. Hmmm, that seemed odd so I started screencapping it. Then with 7 days to go it jumps to over $30,000 with just 2 new backers and one $45 reward taken.
What's happening here, and is it normal?
Posted Sep 25, 2016, 2:14 PM UTC
Don't know the project or the team, but at a glance it smells like bullshit. Their top reward level still has zero backers which means at least two backers have backed for thousands of dollars without selecting the top reward level.
Kickstarter backers fail to pay the amount pledged all the time. It doesn't fail the Kickstarter though. If you aren't playing games with fake pledges, it sucks because your big dollar pledges can fail to pay but you're still on the hook to deliver your "successfully funded" Kickstarter. But if you're gaming the system, anyone you know can back the project for $10,000 or more to get you over the goal and then just not pay.