[brandoncapecci]

>. if a project raises over 50k, they're obligated to hire a qualified and independent 3rd party to verify their project plan before any money is released.

Ya, that would be a complete logistical nightmare. It's simple: the more failures there are the in the market the more backers will react to projects with skepticism. The creators themselves then must go to greater lengths to prove the viability of the deliverable. If you end up getting sold vapourware then you learn a good life lesson for 50 bucks - caveat emptor.

[Cakez0r]

It would only cost a small fraction of the money raised to prevent huge losses. Why shouldn't a project owner be obligated to spend a few percent of their total raised? The burden of logistics falls to the project owners. If they can't even be bothered to create and verify a project plan, then they don't deserve a single cent of the money they've raised anyway!

[nemothekid]

Because who watches the watchmen? Who is this "3rd party" company that verifies kickstarter projects? What metrics are they qualifying the projects?