The Zano crowdfunding campaign raised $3.6 million to make mini drones that take pictures and video. Some drones were delivered, but overwhelmingly, backers did not get the rewards they expected.
The crowdfunding platform commissioned a University of Pennsylvania professor to do an analysis of the fulfillment rates of funded campaigns on the platform.
Pebble's first two products were blockbuster hits on Kickstarter. But with its latest product, the smartwatch maker is bypassing crowdfunding altogether.
The types of investors who put money into reward-based crowdfunders aren't the ones who will buy shares through equity crowdfunding – at least not at first.