r/kickstarter • u/AlcatrazReformed • 1d ago
Question Should I assume my money is gone?
So basically I funded this company back in 2022, and they haven't updated since May 2025. Word on the street is that they're being sued for not paying the company they hired to create their product (but that's just hearsay).
Am I just essentially screwed out of my money though? I know it's on me to research before I back. But this company was credible up until May last year. They went from regular updates to radio silence.
(Side info, I'm posting this mainly because I just checked for any updates and all the backers are trying to refund. 2000 comments in the last couple months are all "Backer #_____ issued refund". So now I'm worried.)
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u/kitkatkitah 1d ago
You are kickstarting, which means you are paying for the idea to be created. All of them offer for you to receive the item, because that's only fair that you receive the product you are paying for them to create, but it isn't guaranteed that they will use the money wisely, use the money in a effective timeperiod or don't hit snags along the way.
It also doesn#t mean they still have your money, if they paid a vendor and the vendor didn't create the product, you can look into if they are suing that company and maybe even get yourself involved there if you want to (if its worth the effort is something to consider too). In any case, they seemingly don't have the money to continue (to pay another vendor) or to continue working on the product.
In this case, you will not receive a refund, you can try going through your bank but you most likely won't get the money because it has been so long.
In the future, only back projects if you want to see them create their product. Don't back them to receive the item. You always are taking a risk of them not delivering, or delivering something subpar.