Steve P wrote:Subject to an acceptable explanation, which I haven't heard yet, I'm throwing in with MikeG and Annemarie on this one.
For me, this is the "kicker":
From the Kickstart FAQ:
If you are unable to fulfill the promises made to backers, cannot complete the project as advertised, or decide to abandon the project for any reason, you are expected to cancel funding. A failure to do so could result in damage to your reputation or even legal action on behalf of your backers.
Matthew D wrote:My feeling is you donate to the person and to the cause because you have faith in that person's vision and commitment, not because you explicitly (and merely) support the narrowly-defined project at hand.
JustinHammond wrote:
His promise was to open a food truck, which he did. Deb says he offered coupons to the donors and I think they have been given ample time to redeem them.
Steve P wrote:Whatever...
Matthew D
Foodie
1347
Sun Jun 22, 2008 11:22 am
No Longer Old Louisville
Annemarie M wrote:whether i contributed or not has no baring on this issue: it's about principle.
certainly defines expectations and it seems like he did not fulfill them. It will be interesting to see if kickstart does anything about this to help encourage future investors in their projects!If you are unable to fulfill the promises made to backers, cannot complete the project as advertised, or decide to abandon the project for any reason, you are expected to cancel funding. A failure to do so could result in damage to your reputation or even legal action on behalf of your backers.
If you are unable to fulfill the promises made to backers, cannot complete the project as advertised, or decide to abandon the project for any reason, you are expected to cancel funding. A failure to do so could result in damage to your reputation or even legal action on behalf of your backers.
Stan Chase wrote:Hope this cleared things up.
Mark R. wrote:I didn't invest in Morels so I don't directly have a dog in this fight. That being said this turn of events would certainly make me much more leery about helping somebody else start up a venture using kickstart! It's been less than a year since the truck started operations, the money was raised last January. Being in operation for less than a year hardly equates to not abandoning the project! If he wants to expand that's wonderful but he shouldn't abandon the roots that got him started. If this was his plan all along he should have Ordered his original kickstart request much differently!
The quote that Steve posted from kickstart:certainly defines expectations and it seems like he did not fulfill them. It will be interesting to see if kickstart does anything about this to help encourage future investors in their projects!If you are unable to fulfill the promises made to backers, cannot complete the project as advertised, or decide to abandon the project for any reason, you are expected to cancel funding. A failure to do so could result in damage to your reputation or even legal action on behalf of your backers.
Kari L wrote:So you would rather he continue to operate the truck that is losing money and shut down instead of continuing to operate in some fashion, albeit not from a truck?
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