What is responsible for triggering the biggest Kickstarter project refund ($139,170) in history?
Hint #1 : arbitrary and ridiculous licensing - including licensing terms that haven't been announced
Hint #2 : licensing rules that were changed after
Hint #3 : Apple (Is anybody surprised?)
Interesting article over at Wired about how Apple killed a kickstarter project by once again changing its rules in midstream. Read all about it here
Noteworthy item - the project is refunding 100% of the contributed amount back to the investors - and absorbing the 3% credit card fees plus Kickstarter's 5% cut on all contributions
for a total out-of-pocket hit of $11,000.
Three things to take away from the above:
- There's still some sense of honor left in the world of business startups.
- It pays (literally) to understand Kickstarter does not do what it does for free.
- Any third party who is thinking of doing anything which involves an Apple product seriously needs to have his/her head examined.
And maybe it's just me, but for what little Kickstarter does, 5% seems like a lot to charge for merely providing web exposure.