We built the exact same service last month http://www.jumpcrowd.com/ The hosted SelfStarter movement will open up crowdfunding in the same way services like Blogger and WordPress opened up blogging platforms. KickStarter probably won't survive in its current form.
You're probably right but this was a side project we hacked together just to see if we could do it. My partner put it up there and I thought it was funny. We're not taking ourselves too seriously.
And what law would that be? Clearly I would guess that you mean "US law", but isn't this an important piece of information to anyone hoping to fund a potentially large sum of money through your platform?
KickStarter is a platform. We have no intention of being a platform or a brand funders recognize. We're meant to be an invisible layer and only serve as a mechanism to get your project online.