Agree, this is important. When I wrote about this I didn’t consider that it might be illegal. I’m quite ignorant of the law, but I recently wrote my thought on legality of refund bonuses here. tl;dr, I think it’s legal, but there’s a bunch of things you have to do for it to be legal. And I now think this is the main reason no crowdfunding platform has ever used refund bonuses, not that they don’t know about it or don’t think it’s a good idea.
I would really like if someone law-savvy would write up an explanation of the legality of refund bonuses. I’d even be willing to contribute money towards that.
Agree, this is important. When I wrote about this I didn’t consider that it might be illegal. I’m quite ignorant of the law, but I recently wrote my thought on legality of refund bonuses here. tl;dr, I think it’s legal, but there’s a bunch of things you have to do for it to be legal. And I now think this is the main reason no crowdfunding platform has ever used refund bonuses, not that they don’t know about it or don’t think it’s a good idea.
I would really like if someone law-savvy would write up an explanation of the legality of refund bonuses. I’d even be willing to contribute money towards that.