Will you lose out if you back a venture on Kickstarter?
(The Guardian Money News)

After complaints about a project called Zen Blanket, we look at the pros and cons of crowdfundingIt is described as a hi-tech blanket that will give you `the best sleep ever` and reduce your stress levels, though at about £195 ($249) a pop it is certainly not cheap. The Zen Blanket was promoted on the crowdfunding websites Kickstarter and Indiegogo, prompting thousands of people to sink money into the venture - but some are now crying foul, demanding their money back and discussing class action lawsuits.One of those who is definitely not feeling zen is Don Dennis from Scotland. He pledged £118 to the project, in return for which he would be sent one of the blankets (£195 is the usual price, but early-bird backers received a discount). Continue reading...