Ok, but it is still nonsense. Indiegogo knows just as well as anyone else that when an entrepreneur fails to get the product out in a late stage of their project, there's a strong chance they'll also be broke and *cannot* refund.
The problem here is, specifically when compared to, say, Kickstarter, that Indiegogo officially publishes such rules for entrepreneurs and boasts safety and security for backers, while on one hand not enforcing those rules, even where they're enforceable, and on the other hand not being explicit towards backers that there's a real chance they'll lose every cent t