"Kickstarter Funded!" Now where does the money go?
Kickstarter has taken off in the last year, with the success of some big name projects. The crowd sourced funding model has allowed people with great ideas a chance to succseed even without the blessing of traditional big publishing venues. I've chipped in on a few projects myself, include the hyper successful Double Fine Adventure project which raised over 800% of its initial goal and was the second kick starter project to break a million dollars.
One of the reasons that the Double Fine project itself is exciting, is because part of their project goals is to make the entire development process transparent to the backers. Since they got their funding in March, their private backers forum has had 37 post; 11 major updates from artist, programers, and writers giving a surprisingly in depth work at their work process; and 5 videos posted from the behind the scenes documentary.
In the spirit of backer exclusivity, I don't want to reveal any of the information they have given on the development of the actual game. But there was one update shortly after their project funded, where they laid out just what happens to all that money the Kickstarter raised. This will give us an interesting look at what happens to Kickstarter projects after the countdown has reached zero, and the real work actually begins.