We mourned the loss of a few good jellyfish earlier this month when an overfunded Kickstarter-backed jellyfish tank proved fatal. At the time, we noted that with many Kickstarter projects that go wrong, the effect is amplified if the project has been overfunded. It’s like when a startup has too many investors in a round. Falling behind on sandal shipments? It’s going to cause you way more heartache if you have thousands of anxious backers in the wings wondering what you’ve done with their money.
Why does Kickstarter let projects get overfunded, we wonder? Why not just get to the goal and then stop? Read More