[pcopley]

I got the impression that the majority of projects were successfully funded; this is likely due in part to the fact that the majority of projects you see on Kickstarter have been successfully funded.

I don't see any problem with the way Kickstart is operated as a business. You see a lot of funded projects, you're more likely to put in the time and energy to a great presentation for your own project. Seeing that most projects fail even the most basic fundraising stage would probably have otherwise discouraged folks from utilizing Kickstarter and ultimately cost Kickstarter revenue.