The price for creativity and innovation: 1 in 10 funded projects never deliver to backers.
It started like a typical Kickstarter success story. A startup raised almost $1.5 million last fall for tiny new wireless headphones that claimed to be the first that could charge through a phone. They promised delivery a month later. But Apple didn’t approve the device, so everyone who wanted the headphones for their iPhone will get headphones that don’t work as advertised—if they get them at all. Nothing has shipped yet.
