Kickstarter scam? The 3 most catastrophic crowdfunding fails

Slidebean
6 min readJul 5, 2021

Kickstarter has become one of the most popular crowdfunding platforms in the world. Some ideas end up with millions in backing. Others are tiny successes that otherwise wouldn’t have existed. And then there’s potato salad.

There has been almost $6 billion pledged, with over 204,000 successfully funded projects.

Funds are increasing every day with more and more people flocking to Kickstarter each day. And their ideas don’t have to be huge. In fact, most of the projects don’t ask for more than $10,000.

But some of these projects are pretty crazy. And, you know us, we love a crazy story.

How Kickstarter was born

Perry Chen © and his friends, Charles Adler (L) and Yancey Strickler, launched Kickstarter in 2009

Before we dive into epic fails, let’s recap how the company was born. This is Perry Chen. In 2001, he was really into music and wanted to throw a concert. But he had no money. So, he asked people for it over the internet.

But, here’s the catch: no one would have to dish out any money until he got the $20,000 he was looking for. So, people just had to pledge to give, which made it safe for them. Eventually, he threw the concert. But he liked the funding idea so much that he decided to make it a business.

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