Lot's of people agree with you. In crowdfunding circles, Kickstarter is considered a bubble that will burst hard when people realize they're funding companies in exchange for beads and trinkets.
Sure there are plenty of projects for which the Kickstarter formula is perfectly valid. Funding companies isn't one of them, and that's where most of the money is.
If that stops happening, Kickstarter's may not be enough to keep them afloat.
To be fair, american government bonds have been ZIRPish since...
You could invest in third world governments with interest rates that are too high for their S&P/Moody's/Fitch ratings. Look how revolutionary this idea.
Sure there are plenty of projects for which the Kickstarter formula is perfectly valid. Funding companies isn't one of them, and that's where most of the money is.
If that stops happening, Kickstarter's may not be enough to keep them afloat.