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Jamison Stone & Satine Phoenix's Apotheosis Studio To Wind Down [UPDATED]
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<blockquote data-quote="Malmuria" data-source="post: 8745175" data-attributes="member: 7030755"><p>I'll have to research more into this, but I think there are likely common sense ways that crowdfunding platforms can and should be regulated. Kickstarter may ostensibly be an investment platform but companies seem to use it as a preorder store; certainly the consumer-facing portion of a given kickstarter looks more like a webstore giving a false sense of security when people decide to back.</p><p></p><p>I see kickstarters that are in trouble often provide financial information to backers to explain their situation. Why can't something like this be required upfront, to the extent that is feasible? Instead of the boilerplate text at the bottom of a kickstarter that says "well we can't control shipping delays due to covid" etc, there could be more detailed information about whether the kickstarter has found a printer, how they plan to deal with distribution, if they have back up plans, etc. Basically, if when you back a kickstarter you are <em>investing</em> in a company or project, perhaps you should have access to all the information you would want to have if you were buying a share in that company.</p><p></p><p>Again, I'm just thinking out loud here; I haven't researched regulations that actually exist and I'm not a publisher myself. I just get the feeling that the platform is becoming increasingly anti-consumer.</p></blockquote><p></p>
[QUOTE="Malmuria, post: 8745175, member: 7030755"] I'll have to research more into this, but I think there are likely common sense ways that crowdfunding platforms can and should be regulated. Kickstarter may ostensibly be an investment platform but companies seem to use it as a preorder store; certainly the consumer-facing portion of a given kickstarter looks more like a webstore giving a false sense of security when people decide to back. I see kickstarters that are in trouble often provide financial information to backers to explain their situation. Why can't something like this be required upfront, to the extent that is feasible? Instead of the boilerplate text at the bottom of a kickstarter that says "well we can't control shipping delays due to covid" etc, there could be more detailed information about whether the kickstarter has found a printer, how they plan to deal with distribution, if they have back up plans, etc. Basically, if when you back a kickstarter you are [I]investing[/I] in a company or project, perhaps you should have access to all the information you would want to have if you were buying a share in that company. Again, I'm just thinking out loud here; I haven't researched regulations that actually exist and I'm not a publisher myself. I just get the feeling that the platform is becoming increasingly anti-consumer. [/QUOTE]
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Jamison Stone & Satine Phoenix's Apotheosis Studio To Wind Down [UPDATED]
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