Earlier quoted context omitted.
I think one of the reasons for the reputation is that in order to attract funding, the price has to be highly competitive and the features have to be remarkable and it's hard to one, let alone both with hardware [with software the price is easier because free to use is possible since revenue can come from advertising and data sales and subscriptions]. I think another reason for the reputation is that crowdfunding is…
The basic premise here that crowdfunders are investors is wrong. They're idea backers - people that are willing to donate money to see great ideas come to life. Kickstarter says this themselves, and it's a little strange to make the jump that a backer == and investor. Wouldn't you agree?
That's not to say that there are not crowdfunders who are having fun funding projects while recognizing there is little or no chance of delivery. What I am saying is that the reputation comes from people without that view of the world.
All that with the caveat that my definition of 'donate' appears to have a different connotation.