Anton Wegenast thinks that crowd funding should emulate the open market and be a resource. Projects like Ouya and Double Fine Adventure provide plenty of reasons to support him.
Once I start seeing some of these projects materialize then maybe I'll jump on the Kickstarter band wagon. Until then I remain standoffish of backing any projects.
You might miss out on some early access to some great games and products, but I can understand your hesitancy without seeing any sort of tangible proof that anything is happening yet.
With all the talk of projects being funded, and then the starters off it walking off with the money, just seems to risky. Having project backed by some big names helps ease some of the risk.
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