The biggest question currently hanging over the collapse of Yogventures is the fate of the $150,000 in Kickstarter funds that Winterkewl Games founder Kris Vale says went to Yogscast shortly after the Kickstarter concluded. Vale claims a contract specifying how the money was to be used was never drawn up but the amount is roughly triple what the studio estimated as the cost for physical rewards, and he's "just as confused as everyone else" about what happened to the rest of it.
The failure of the Yogventures Kickstarter has taken what may well be the first step toward ugliness with an assertion by the developer, Winterkewl Games, that $150,000 of the money raised went to Yogscast, which was to use it to create physical rewards and hire a lead programmer for the project. But roughly two-thirds of that amount remains unaccounted for, according to figures released in a new, final Kickstarter update, and while Lewis Brindley of Yogscast insisted in a response that the update "omits much," he didn't explicitly deny the allegation either, saying only that "there's no value in going into detail."
It's been an interesting week for YouTube outfit Yogscast. Over the weekend, their "YogDiscovery" revenue share program kicked off a discussion about the ethics and legality of YouTube promotion and disclosure. Now they've announced that Yogventures, a Kickstarter project in development by Winterkewl Games, has been cancelled.