This is plainly wrong. Kickstarter isn&#x27;t debt, it&#x27;s sales.<p>Both are obligations, but that is where the similarities end. Not all obligations are debt, unless you want to back the meaning all the way out such that it&#x27;s no longer relevant to the kind of debt one would discuss around a business.<p>Sales and debt serve two different roles within a normal business and come with important, different legal requirements and nuance.<p>Easy proof: Kickstarter doesn&#x27;t have the same legal protections that typical debt contracts do, not even remotely close. Kickstarter has legal protections a lot closer to what a sale comes with.