4 ms·
1) Kickstarter is not an investment platform. 2) Kickstarter is not a store. Kickstarter is ONLY for giving your money away to ideas you want to see succee
by shittyanalogy 13y ago
1) Kickstarter is not an investment platform.
2) Kickstarter is not a store.
Kickstarter is ONLY for giving your money away to ideas you want to see succeed. The perks are a gamble at best and misleading at worst.
If you give money to a kickstarter for any other reason, despite what the campaign or your friends or some blog tells you, you're quite unfortunately doing it wrong.
- makomk 13y agoYes, and from the point of view of backers this introduces a new risk of failure: the company doing so well that it's bought out by a company whose goals are at odds with the original purpose of the Kickstarter. They originally backed the Kickstarter as a way to create a platform for VR gaming and other applications that developers could use, but instead that was abandoned in favour of a good exit from a venture capital perspective. They may have thought they were giving money to an idea to help it succeed, but in retrospect they were providing early-stage seed funding for 0% equity exactly as the article says.
- nemetroid 13y agoThe perks are not a gamble. If the project creator fails to deliver, you are entitled to a refund. Straight from the Kickstarter Terms of Use: > Project Creators are required to fulfill all rewards of their successful fundraising campaigns or refund any Backer whose reward they do not or cannot fulfill.
- shittyanalogy 13y agoThrough what enforcement?