Have anyone been searching information about what happends when project fails and they can't deliver the product. Do backers have any safenet in those cases. Example getting even some % of money they plegded back?

That scenario is clear to me, but when project has met the funding goal and for some reason the project still fails.

I don't think that's what he is asking about.

As far as I'm aware there is no security whatsoever. If the project owner decides to take the money and run there's not much the backers can do. Kickstarter explicitly rejects any responsibility for the fulfillment of promises made by the creators of a project.

I know of one case where people were apparently scammed and Kickstarter did nothing to help them:

http://www.kickstarter.com/projects/zioneyez/eyeztm-by-zioneyez-hd-video-recording-glasses-for

That's a good question actually. At the heart of it, it's probably declared as a "donation" and you have to have some faith that the person will try to make good on his pledge of finishing the project within the financial constrains. Unless you want to sue for that $10.000 you pledged, it's probably lost.

Thank you for bringing that up. It's a cautionary tale about how the KS can be abused. So it's generally smart to do the research, and only donate if the project has merit (I think a good rule of thumb is that the project leader went public, is regarded as dependable and had other successful projects in the past).

If a project fails, your money is lost. Simple.

That is horrible news for those who have invested huge sums of money into one that fails.

Not really. People that pledge to kickstarters are fully aware of the uncertainty and the risk. It goes with the territory.

But for example I would not give money to someone I do not know at all. But when someone like Tim Schaffer, Brian Fargo or Chris Avellone asks for pledge, well then pledge I will. Because I trust those people and am pretty sure they would not kill their reputation by not delivering (unless there are unforseen external circumstances like meteor crashing on their building, obviously).

I hope somebody receives an @$$ whooping.

Is there any proof that Zioneyez is a scam? Not delivering on time doesn't make a project a scam.

zioneyez reminds me of the ocean marketing story. and they would do well to learn from others mistakes, like being completely transparent and honest about what has been accomplished so far and what is still in progress, and what is a reasonable time to expect delivery given whatever unexpected delays have occurred.

This.

And even if they take my money and burn it on coke and hookers. Damn, they deserve that for the joy they already brought me!

It's a risk that all investors face, big or small. So never invest more than you can afford to lose.