Crowdfunding sites have been great sources of some of the most innovative products in recent years.
Many people who successfully funded their projects on crowdfunding sites have actually gone on to form fairly successful companies – case in point is Peak Design, a company that started out on Kickstarter but has now gone on to successfully retail camera bags and photography accessories.
According to Kickstarter’s extensive statistics, technology-related projects have some of the lowest success rates on the site – only 19.72% of technology-related Kickstarters have actually been successful and that’s not counting those (such as Pebble) that succeeded in crowdfunding but eventually failed as companies.
The Star has pieced together a number of recent technology-related projects which exceeded their original funding goal, but eventually turned out to be less than stellar or downright failures.