[marknowotarski]

There is a subtle but critically important difference between the Kickstarter offer and the Lockitron offer. With Kickstarter, the backers’ money is transferred to the project creators at the end of a successful campaign. With Lockitron, the backers money isn’t transferred until the product is ready to ship. That completely changes the risks. Lockitron can get bridge funding based on the committed orders, but the financial risk of failure is born by the lender, not the backers. That strikes me as a much better model than Kickstarter for new product inventions.