Maybe. So what, doesn't get you a refund or a product. Not being flippant, they didn't run off with the money, they tried for years, had a working prototype, expected to deliver finished products in May, but just couldn't get it across the line. They can't magic money, nor a finished product, whatever the Ts & Cs. Company dissolves, it's a virtual certainty you're never getting anything back.
An established business is, of course, far less likely to fail anyway, and KS updated their terms and conditions a few years ago to attempt to offer more protection to backers.
Anywho, we've totally digressed from the topic at hand, although it's keeping it on the front page of the forum whilst Dave suns himself!
Getting back, mildly, OT. I don't really have too many qualms about backing a company I believe in and trust. Crowdfunding certainly has a place, and as mentioned above the Revolution TEAs are testament to that.