Do companies like Pebble that raise $ on Kickstarter treat the $ like debt. if they don't fulfill, TOS says they must refund...who enforces? Do people actually get paid back? What if startup craps out?
I keep hearing about hardware startups that raise on kickstarter and don't fulfill...feels too good to be true, like some kind of non-dilutive, no interest, no recourse startup capital... what's the deal?