Kickstarter Hires Reporter to Investigate Drone Startup Failure

Kickstarter has hired an investigative journalist to look into a recent case in which a successful fundraising campaign led to spectacular failure. British drone startup Torquing Group raised $3.4 million (£2.3 million) and, less than a year later, went down in flames. Its co-founder/chief executive Ivan Reedman left the company for “personal health issues and irreconcilable differences” and, a visit to the company’s Wales headquarters didn’t turn up a working prototype of the product due to ship within months. Continue reading Kickstarter Hires Reporter to Investigate Drone Startup Failure

Fig: New Game Crowdfunding Site Offers Equity to Investors

The new crowdfunding platform Fig just launched with a new way to finance computer games. Its debut is a campaign to raise $125,000 for “Outer Wilds,” an unfinished game already honored with the 2015 Independent Games Festival Awards’ Grand Prize. Fig, which plans to debut one major studio title and one independent release each month, differs from a more general crowdfunding platform like Kickstarter in two ways: it is meticulously curated and offers rewards and equity to investors. Continue reading Fig: New Game Crowdfunding Site Offers Equity to Investors