not necessarily a scam

Watch Company Collects $1 Million On Kickstarter, Spends It All, Then Hides

Watch Company Collects $1 Million On Kickstarter, Spends It All, Then Hides

Kickstarter is not, and never has been, a store. Yet companies that use the platform to fund the production of a new product are eventually supposed to, um, make that product. Backers who contributed more than a million dollars to produce thin e-ink watches want answers from the company that promised these watches, and they aren’t satisfied with “we’re broke” as an answer. [More]