The one and only time I bought into a project on Indiegogo was for a phone that said it was shipping that month, even though the company had been delaying it for a year already (unbeknownst to me) and they had no idea when they were going to finish. It was straight up fraud, Indiegogo let the company do it without consequence, and 2.5 years later the project is still up on Indiegogo. Now I’m out $800, and the asshole company is still claiming they’ll send all the backers their phones any day now. They’ve been literally saying it for years.
Don’t learn the hard way like I had to. Never back an Indiegogo project.
I am not certain of the differences between Kickstarter and Indiegogo. You’re right that there’s no guarantee that you’ll get the items you backed, but in my case, the company making the phone was straight up lying about their progress and release schedule, and not just having poor judgment about timelines, but actually committing fraud, and Indiegogo took no action against them when hundreds of backers brought it to their attention.
Is there something in particular about Indiegogo that I missed, or are you just pointing out it's crowd funded? (and that means you could lose your money without anything in return)