1-iFind
Funds Raised (US$): 546,852
Project creator: WeTag
No. of donors: 9,771
Deadline: June 30, 2014
This one is the latest and the biggest of all. According to the company WeTag, their workers had developed a new technology consisting of a Bluetooth item locator that required no battery. Backers went crazy and money was flowing; the project which had asked for just 25 thousand dollars had collected over 500 thousand dollars within the first weeks. There were a lot of people asking questions about the development of these technologies. The iFind campaign stated that it used RF signals to power the locator tags, but in reality the only possible hardware that could be used for such a thing is far too large for the small tags. After that the company began to avoid responses and claimed that their technology was about to be patented. But that never happened and Kickstarter suspended the project and gave back all the money donated before it was too late.
These are only a few examples of how the great process of crowdfunding can go bad, but there have been amazing projects that were only able to be accomplished thanks to committed project leaders and teams, and the donations of their backers. Check out some of the Biggest Kickstarter Projects Ever Made.
