I am still a big user of crowdfunding sites i have donated to a fair few games so far. From skull girls and grim dawn up to the more recent beasts fury.
I think crowd funding has its place and thankfully i have not been burned as of yet but recently came across a kickstarter https://www.kickstarter.com/projects/kilobite/knuckle-club and i have heard a few things that did concern me besides the rumors that the team took people off there previous still in development successful kickstarter called confederate express to work on the new game (and no updates till fairly recently to address the rumors) the developer had a interview and there was one thing which they said which did concern me.
Knuckle Club is completely funded by Kilobite, we are using Kickstarter strictly for market research and publicity purposes. If campaign funding fails, the game will be released regardless. We consider Kickstarter as a great way to follow the game early on at a reduced price, and it will definitely not affect whether the game is going to be released or not.
So it does seem like the kickstarter is just for publicity which i do not like i would rather crowdfunding be used to either make a game that either could not be made otherwise, to help with development of a game such as grim dawn which was being made in there part time so money was being used to speed up the development or perhaps funding had run out and so they need help to finish the game.
Now i think the game does look decent (though the amount of pixel art games that are getting released is pretty mad....i want HD art dammit) i am a bit more cautious when it comes to giving money and would never give a large amount.
Of course there have been high profile failures such as [font=arial, sans-serif]Yogventures and clang [/font]which seem to have been both inexperienced teams and of course because of the failure i doubt they will get funding ever again.
What i am thinking about is perhaps a youtube channel or a site which checks out new crowdfunding games and see if there is any potential pitfalls or higher then normal risks if anyone has got any ideas or story's about crowdfunding games either successful or unsuccessful i would love to know.