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Why Kickstarter banned a product that raised $4 million

Why Kickstarter banned a product that raised $4 million
Kickstarter.com

You might have heard of the Skarp Laser Razor. It's a product in development that promises an irritation-free super-close "shave" using a laser instead of a blade. And it got quite a bit of attention from the media for its Kickstarter campaign, which had a goal of $160,000, but ended up with over $4 million pledged by online backers.

Those who paid the $189 to be among the first owners of a Skarp razor were disappointed to receive an email from Kickstarter Monday night notifying them that the project was suspended. No pledges would be collected, the email said, and "suspensions cannot be undone."

It's a rare move for the crowdfunding website to suspend a project, especially one so popular. The problem, Kickstarter stated in the email, was "we've concluded that [the Skarp Laser Razor project] is in violation of our rule requiring working prototypes of physical products that are offered as rewards." The reward for the $189 pledge was the laser razor, so apparently the project's creators don't have a sufficiently good prototype.

Skarp isn't giving up though. The laser razor campaign is now on Indiegogo, another crowdfunding website. It has the same goal of $160,000, and 10 hours into the new campaign more than 750 people had pledged over $107,000. Would you donate to a project that Kickstarter had suspended? Let us know in the comments below, and check back often to our Happening Now page for all the latest news on everything digital.

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Source: Entrepreneur
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