I think we're beginning to see the major disadvantages of using KickStarter and crowd-funding.
"Dealing with People"
Things fail by default. Look at how many companies have been started by geniuses, funded with hundreds of millions of dollars, mentioned on blogs all over the internet, and still the majority of them fail. So you can only imagine how the average person running a kickstarter feels when they can't reach their deadline. At least VCs understand the success/failure ratio.
VC investors are giving, few in numbers, and understanding. Crowd funding backers are the opposite: large in numbers, a pain in the ass to deal with, and irrational. If they give you $5 so help you Jesus/Alah/Buddha they will find every reason imaginable to yell at you for spending those $5 incorrectly. (see Amanda Palmer's kickstarter backlash story)
"Dealing with People"
Things fail by default. Look at how many companies have been started by geniuses, funded with hundreds of millions of dollars, mentioned on blogs all over the internet, and still the majority of them fail. So you can only imagine how the average person running a kickstarter feels when they can't reach their deadline. At least VCs understand the success/failure ratio.
VC investors are giving, few in numbers, and understanding. Crowd funding backers are the opposite: large in numbers, a pain in the ass to deal with, and irrational. If they give you $5 so help you Jesus/Alah/Buddha they will find every reason imaginable to yell at you for spending those $5 incorrectly. (see Amanda Palmer's kickstarter backlash story)