Some people can handle running a Kickstarter. Some people see it as free money when it comes in, then get caught with their pants down when it comes time to fulfill the project, but they spent the money on hookers and blow funding a company and hiring staff when there is no cash flow coming in.
The Nystulian fiasco is a trifecta - or a hat trick, depending on the sport you follow.
I'm going to avoid commenting further, as Mike pretty much tells it as it is (although how he can afford to consult with an accountant and a lawyer when he has no money to fulfill the projects at hand is beyond me)
Update #66 - For backers only Aug 3 2014
D3 Bows Out / Next Steps
D3 Adventures is no longer going to be publishing this project.
I have to decide what to do now.
Where we stand: I will have an ashcan that I can work to complete. D3 had decided that pretty much all the art I originally commissioned (and paid for) wasn't up to their standards so I'd have to either fit what I had back in or find some more somehow. The development of that ashcan also represents a large portion of the investment of the monies I raised.
I have a box of resin minis. They are very nice but were waiting to be shipped until I had the rest of the physical stuff coming to you. Shipping is very expensive.
Some of you have mentioned refunds. At this point, I would be open to the idea but I am in no position to issue any. Between the failure of my Kickstarters, the company I started (that also failed) and various medical expenses (nothing to do with the KS but party of what I'm up against). I am deep underwater and am barely covering my living expenses. None of the bills that aren't directly involved in keeping a roof over my head are being paid. Because of this I have been exploring bankruptcy but really don't want to take that step unless I have no other choice.
What I want to do is make good. I have been trying. That's what the D3 deal was about, that's why i have been plugging away at bits of this and why my recent efforts were a push to finally get this done.
The plan until D3 backed out was to get you everything but the game itself - they were covering that bit. It was going to be rough but i just might have pulled it off. That ship has sailed.
Option One: Admit defeat. Send the ashcan as close to done as i can get it quickly, send the minis, and gather refund requests and consult an accountant and a lawyer. I hate giving up but it may be the right move.
Option Two: Soldier on. I'd still send the ashcan but I would continue to send more material. The idea would be to get you enough stuff to make you feel like you got your money's worth or at least a hell of a lot closer than you are now.
I have several board and card game designs - some done and with art all ready to go. I have considered trying to sell one or more to cover things I need to do for this project.
The tricky bit is my rep is (rightfully) in the shitter and there is no way I will ever use Kickstarter again (my fault but it is what it is) so I'm not sure how to go about it. If i figure something out I will let you know.
I got into this to get a fun idea into the hands of fellow gamers. I screwed up and chewed through the budget before I got it done. I failed and I'm sorry. I will continue to try to make good as long as you want me to.
I am soliciting feedback but keep it civil please. Anything nasty you have to say I have already heard and I may even agree with you. Point taken. Venom won't help us move forward.
To those of you who have remained supportive thank you. It means a lot to me.
EDIT: I need to make a comment after rereading this - at no point did Mike address failing to pay one of the writers on the project
From D3's earlier post:
The property has, from the beginning, incurred one unexpected roadblock after another. The most recent of these concerned a lack of payment for a completed chapter. I was not made aware of this issue when D3 Adventures picked up the IP, and as of this date, the writer has not received the promised payment.