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SuperNova said:

While they didn't run the campaign as smartly as a lot of other people did and probably loose a lot of positive buzz because of that, they were ironically really hurt by their association with sony.
All those reports coming out, telling people to stop funding the game and that sony would pick up the slack anyways, made people suspicious and apathetic towards the kickstarter.
Also the stretchgoals seem kind of unverwhelming and incomprehensive, as well as too far spaced out from each other to really be an incentive. All these 'battle system expanded' ones seem nice enough, but for someone who isn't familiar with the shenmue battle system in the first place that doesn't really say anything and isn't as exciting as say, 'new city district added - you can now explore the harbour' or something...

Stuff like that costs money, shenmue 3 will be an open world 3 D game, bloodstained is a 2d game. Its easy putting new ares into it.