They didn't reach a much higher goal because they run this kickstarter campaing like shit. I followed a lot of projects on kickstarter and this was one of the most stupidly managed i ever seen. If you look at other kickstarter record holders like tim shafer game you'll see they constanrtly updated backers with new videos or post. And the best kickstarter campaign of all time was clearly bloodstained, they have given small rewards even for retweets and facebook likes, so they had a lot of free publicity.
What did they for this shenmue 3 project? They showed up with a crazy bad video on e3, and that's it. They can thank sony for tge visibility they had, and also the crazy amount of gaming news that talked about the project all this june, for the money they reached till now. But they surely did everything in their power to let this game fail. Shame on you shenmue devs.
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