coolinvent wrote:Anyone come across the situation where you're 64 hours to funding and people start backing out? That's what's happening to us now. Might not reach our goal after all has been ordered and almost ready to ship.
Sixty-four hours is a little more than two-and-one-half days. When do you think that the deadline for people to change their mind about funding a project should be? If people have the freedom to choose to back a project, shouldn't they also have the freedom to change their mind and to choose to not back a project?
I decided to look at
Kickstarter's Terms of Use. Under section five, a couple of things stood out to me:
5. How Funding WorksThese are the terms that apply when you’re backing a project: * You can change or cancel your pledge at any time before the project’s funding deadline (with one exception). You can increase, decrease, or cancel your pledge at any time during the campaign, with one exception. During the last 24 hours of the campaign, you can’t decrease or cancel your pledge without contacting customer support first — if that action would drop the project below its funding goal. Once the project has been funded, you can only cancel or change your pledge by making special arrangements directly with the creator.
These are the terms that apply when you’re creating a project:*
Don’t count your chickens before they hatch. Don’t assume you’ll be able to launch your project when you want; there could be a reason we’re not able to accept it, or a problem that takes time to resolve. Don’t assume you’ll be able to immediately collect your funding; there may be a delay between the end of a successful campaign and your access to the funds. And don’t take any actions in reliance on collecting any of the money pledged until you actually have the ability to withdraw it from your account and spend it.