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Its a good question that I think lacks good statistics. Kickstarter is trying to encourage people to actually ship/finish projects with little things, like the
by tibbon 14y ago
Its a good question that I think lacks good statistics. Kickstarter is trying to encourage people to actually ship/finish projects with little things, like the "expected ship date" on backer rewards to give people a little pressure.
It also all depends why you back projects. I back them for the same reason that I'm a trustee of the Awesome Foundation- I want to encourage amazing things to happen in the world. Sometimes, this involves a lot of failures or false starts. Some people are ok with that, others aren't.
How many Y-Combinator companies have actually shipped a finished product? Same thing.
- alttab 14y agoI agree with this. Giving money to a kickstarter is like Angel investment. Sometimes you win, sometimes you don't. The running idea is here "if its a bad idea, it won't get funded." Clearly in our industry that isn't true. And if you ask me, if a bunch of Kickstarter projects fail to deliver and the money is simply squandered, that says more about the "kickerstarters" than Kickstarter itself.
- tibbon 14y agoYes. People need to not think of Kickstarter as a store- because it isn't. At a store you buy something and then own it. With Kickstarter you back a project, and then hopefully have one sent to you. Of note, money is often squandered in startups too :)
- prodigal_erik 14y agoIt's more like a donation. When angels invest in startups, they're hoping a few pay off so well that they make up for all the others. Kickstarter projects can't offer that with no equity, so the expected value is negative.