Kickstarter Suspends Crowdfunding Campaign

Kickstarter has suspended the crowdfunding campaign of RAW, a German video game studio, that is seeking money to develop an MMORPG (for the older generation, a Massively Multiplayer Online Role Playing Game).

kickstarter

According to AltChar, the reason for the suspension is that “the developers were not clear and honest with the project.”

Apparently, the developers did not disclose that they would need more money after hitting their target in order to deliver their product.

Kickstarter staff said, “Our rules and guidelines ask that creators seek to raise the amount of money needed to bring a project to completion and fulfil all rewards.”

The developers claim that Kickstarter never told them about the rules, but, c’mon guys, it’s on the website.

The developers plan to take their ball and move to Indiegogo where, presumably they will be more transparent with their offering.

https://www.altchar.com/games-news/600774/kickstarter-suspend-raws-crowdfunding-campaign

Advertisements

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.