Kickstarter

Kickstarter

Kickstarter announced several updates late Friday to its terms of use and policies for crowdfunded projects, according to a blog post at the company’s site. The terms of use are not changing much about the spirit of the platform, but the update provides more detailed guidelines for setting expectations, both between Kickstarter and users, and project creators and their backers. Kickstarter has iterated on its policies several times since it launched in 2009, with the most recent wave of revisions surrounding the site’s transition from only posting projects cleared by the staff to clearing all projects that meet a basic set of criteria. Even still, some projects lack clear goals, encounter setbacks, or fail to deliver, like the myIDkey project that has burned through $3.5 million without yet distributing a finished product. The most recent terms revision is timely: on Thursday, science fiction author Neal Stephenson announced that a game he Kickstarted in 2012 with $526,000 in funding was officially canceled.

Read the full story at Ars Technica.

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"Kickstarter Re-Words Terms and Conditions for Failed Projects" by @ShellyPalmer

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