[Idea] Crowdfunding site with a twist.

In the crowd funding space you hear about projects failing because they mismanaged/misused the money they raised. I have a solution to this.

Sometimes, when banks give out construction loans, they don't give the lump sum loan out at once. Instead, they give parts of the loan out at a time (waiting until sections of the building are complete before giving more parts of the loan); so that the construction manager doesn't misuse the loan.

My crowd funding site would work like this (except it would be crowd funding money and not a loan). That way, it minimizes the chance that backers would see their money go to waste on a project that flopped.

What are your thoughts on this?

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