3 ms·
How is it that Kickstarter has managed to stay mostly free of fraud? What's to stop someone from raising $50k with a slick video and then disappearing? Crowd f
by lukifer 15y ago
How is it that Kickstarter has managed to stay mostly free of fraud? What's to stop someone from raising $50k with a slick video and then disappearing?
Crowd funding is a good idea, but Kickstarter has the generally right approach: small amounts, framed as donations rather than investments, and reward(s) rather than an ownership stake.
- chernevik 15y agoI don't know anything about Kickstarter. But: has ks been around long enough to attract / surface fraud? incentives for fraud go up at stakes of 1 - 2mm public investment models anticipate social disconnection bw funder and funder -- if ks depends on verification through social network linkage, that's an element potentially missing from the proposal. again, not for _you_, for the sort of people targetted by predators