What are the risks with Kickstarter?

Are you considering using Kickstarter for your next project, but are hesitant due to the potential risks involved? It's important to understand the downsides before diving in. For starters, Kickstarter is an all-or-nothing platform, meaning if you don't reach your funding goal, you don't get any of the money pledged. This can be a huge disappointment and setback for your project. Additionally, there's a risk of fraud and scams, where backers may not receive the promised rewards. Moreover, Kickstarter takes a percentage of the funds raised as a fee, which can impact your project's bottom line. It's also worth noting that Kickstarter is highly competitive, and standing out among the thousands of campaigns can be challenging. Are you prepared to take on these risks and navigate the platform successfully?