Kickstarter How does a Kickstarter Bleed Money?

[darjr]

Yea, it looks like a combination of bad planning, lack of prep, an inability to adjust to the liking of the backers. Oh and some cold feet.

edit to add, I'm not expert and I have no insider info. I only know what was in the posted article.

 

[SkidAce]

Thanks for the info...

 

[Dannager]

Could the bubble be bursting?

Why would the bubble burst? It's not being supported by imaginary dollars, and Kickstarter projects have a couple years of delivered results. I don't even think there is a bubble to burst in the first place.

 

[Dice4Hire]

I heard somewhere some people pledge high levels to unlock higher rewards (Or see what they are) and then drop pledges to something they actually want to pay.

I have no idea what happened here, though.

 

[SkidAce]

I heard somewhere some people pledge high levels to unlock higher rewards (Or see what they are) and then drop pledges to something they actually want to pay.

I have no idea what happened here, though.

And here I thought Kickstarters were for donating and supporting a cause you wanted to help succeed. With prizes an ancillary bonus.

I am so silly.

 

[MatthewJHanson]

And here I thought Kickstarters were for donating and supporting a cause you wanted to help succeed. With prizes an ancillary bonus.

I am so silly.

I don't think there's any single attitude that backers need to have. There are some backers who use Kickstarter to support a cause, but there's also a lot of people (I'm guessing the majority) view more like a pre-order system.

 

[Morrus]

I don't think there's any single attitude that backers need to have. There are some backers who use Kickstarter to support a cause, but there's also a lot of people (I'm guessing the majority) view more like a pre-order system.

Yup. Both project creators and backers often use it as an elaorate pre-order system. It works incredibly well for that - better than an actual pre-order system!

 

[Janx]

Yup. Both project creators and backers often use it as an elaorate pre-order system. It works incredibly well for that - better than an actual pre-order system!

I've never touched kickstarter or its ilk, but that was what I thought the entire premise was.

I have a product that I want to bring to market, I skip the venture captitalists and all that, and go straight to kickstarter. The KS brings in money to fund the project, and has a minimum threshold as to what I need to do an initial print run. Because ultimately, that's what every KS backer gets, is a product.

The scaling rewards, etc, is just like those late-night Ron Popeill commercials. "order now, and you'll also recieve a ..."

 

[Morrus]

I've never touched kickstarter or its ilk, but that was what I thought the entire premise was.

I have a product that I want to bring to market, I skip the venture captitalists and all that, and go straight to kickstarter. The KS brings in money to fund the project, and has a minimum threshold as to what I need to do an initial print run. Because ultimately, that's what every KS backer gets, is a product.

Not necessarily. The reward doesn't have to be the funded product - it can be anything. Typically, the funded product tends to be one of the rewards, though, for obvious reasons.

 

[darjr]

Kickstarter is a tool. It can be used for a variety of jobs.