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> refund any Backer whose reward they do not or cannot fulfill

Finishing the project is not one of the rewards unless the creators say it is. Many rewards can be fulfilled regardless of the success of the project (thank yous on web site, T-Shirts, posters, lunch with team, etc). So what it means is that when you create a Kickstarter project and it gives you money, your #1 priority is sending the rewards out.



Which is silly, because nobody is signing up to pay $50 for a tshirt for a failed project. Serious priority inversion.




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