[daveasaurus]

From their site:

> App.net will only be funded if at least $500,000 is pledged by MONDAY, AUGUST 13 at 11:59PM PDT.

Why is this? They aren't going through Kickstarter, it's their own fundraising system and a deadline chosen by the App.net folks themselves. It's just an arbitrarily chosen deadline? A self imposed constraint that they can seemingly modify at will?

[mbreese]

It could also be that they are holding people's money (or rather, credit card info). And if they don't make their pledge goals, they can't collect that money.

They made their own rules, but now they have to stick to them.