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I'm definitely open to more models for funding, but it didn't seem like Kickstarter really worked even for what should have been its sweet spot. Definitely tell
by orzig 3y ago
I'm definitely open to more models for funding, but it didn't seem like Kickstarter really worked even for what should have been its sweet spot. Definitely tell me if I'm wrong, but the fact that they had to put out this blog post suggested that the dynamics of its usage never really fit:
https://www.kickstarter.com/blog/kickstarter-is-not-a-store https://www.kickstarter.com/blog/kickstarter-is-not-a-store
- JohnFen 3y agoCrowdfunding is a terrible way of financing a startup. It can be a reasonable way of financing a product, if done carefully and thoughtfully.
- imtringued 3y agoCrowdinvesting is a form of Crowdfunding in Germany that is very successful. The only problem is that the ECSP license is onerous enough that nobody bothers to apply for it. This means that the crowdinvesting platforms merely act as sales people for conditionally repayable loans. These loans are considered equity and therefore pay higher interest like 8% which in turn makes this form of financing less attractive.