General Question

phaedryx's avatar

Is the Kickstarter (crowd funding) model the future, or is it a fad?

Asked by phaedryx (6126points) July 14th, 2012

Crowd funding has been getting a lot of attention lately. Especially with projects like the Ouya which raised $1 million in under 9 hours and, as of this writing, is at $4,744,299; or the Pebble watch which raised over $10 million after being rejected by venture capitalists.

Do you think this is a good way to get funding? Things are going well now, but happens when some of these projects fail to deliver and people can’t get their money back? Is the risk worth it? Is this a passing fad? Will it become a more popular alternative to getting investment funding?

Have you invested in a project? What was your experience?

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6 Answers

DeanV's avatar

It’s both. At the moment anyone and their mother can make a Kickstarter and have it succeed, and while there are definitely success stories like Ouya or Wasteland 2, for every one of those there has been 5 bandwagon games/products/services/whatever that receive full funding while showing practically nothing.

Aethelflaed's avatar

The point of Kickstarter is that you don’t actually pay the money until the project meets its goal. Instead, you pledge a certain amount; if enough people pledge and they meet their goal, then everyone pays up. If the project doesn’t meet its goal, then everyone keeps their money. So, there’s not really any risk, other than that the final product will suck (which is always a chance) or that something will happen between the funding and the final product.

Yeah, I pledged towards Anita Sarkeesian’s “Tropes vs Women in Video Games”. I’m excited to see it when it’s all done.

_Whitetigress's avatar

Not a fad. Tax write-offs will always exists and quirky new ideas will always a rise.

6rant6's avatar

Oh,I’m sure there are already a lot of cases where people list their money. I’m not sure that’s the yardstick to use. And to some extent, I’m not sure this isn’t less a investment and more of a gamble or a lark.

serenade's avatar

“The future is already here, it’s just unevenly distributed.”

This is just better distribution of something that already exists.

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