The model of "fund now and develop later" doesn't seem to be working too well.

Develop first, show proof of concept,  distribute thru proof of burn. 

Then, if necessary,  gather funds for particular purposes, from funders, who have skin in the game and are therefore motivated to scrutinize development and cover (or refuse to cover)  additional expenses. This way funders continuously participate in project development , voting with money, instead of relying on devs decisions in distribution of ipo funds.