Failed Inventions Aren't Scams

Kickstarter was wrong to bar the laser razor, even if it doesn't quite exist yet.

There were skeptics, too.

Photographer: Kevin Frayer/Getty Images

The laser razor sounded too good to be true. And sure enough, Kickstarter, the leading crowdfunding platform, kicked the budding business off its site this week after backers pledged $4 million. The fundraising campaign continues on another platform, Indiegogo, raising questions about the definition of crowdfunding fraud and even whether it is possible.

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