When A Kickstarter Campaign Fails, Does Anyone Get Their Money Back?

Re:When A Kickstarter Campaign Fails, Does Anyone Get Their ... by gamble on Monday September 03, 2012 @11:32PM (#4472935)

The JOBS Act will let companies set up Kickstartr-style funding portals for small investors.[1] It was signed in April, but the SEC is still in the process of defining how it will be implemented.

[1] http://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups...

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Re:When A Kickstarter Campaign Fails, Does Anyone Get Their ... by _red on Monday September 03, 2012 @11:45PM (#4472976)

Thanks for posting this, I was unaware.

However, still seems like a bit of a hassle: "One of the conditions of this exemption is a yearly aggregate limit on the amount each person may invest in offerings of this type, tiered by the person′s net worth or yearly income. The limit ranges from 2% of people earning (or worth) up to $40,000, up to a cap of $10,000 for people earning (or worth) $100,000 or more."

Presumably, the onus will be on the funding channel (i.e. kickstarter) to validate these accreditation rules of their investors. If there is a big hesitation for new users to simply register an email/password for a site, imagine when you are asking them to also submit tax returns and copies of ID.

Don't get me wrong though, I guess its better than nothing.

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