Re: Perhaps a "wiser" replacement might be started by...
The thing with crowd funding is that it's becoming good for suckers. You crowd fund to bring a project to the market, if it works and you get the money then you've put out a marker "hey, market here, buy me", see Occulus Rift. Or you have the never ending funding where the product just keeps on growing and growing with no end in sight, see Star Citizen.
So, if someone goes out and crowd funds a new pebble watch, gets the money for it, then gets investment they eventually end up getting sold, bringing out a product that isn't what they said they would bring out or not bringing out a product at all.
Or worst case scenario, you bring out a product that is the dogs bollocks, another company with deeper pockets brings out a similar product and sues you to high heaven for patent infringement.
Biting the hand that feeds IT
