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(Some Guy)   Kickstarter contributors learning that throwing money at someone doesn't guarantee on time delivery or that a product will even be released. VC dudes: welcome to the real world, kids   (crowdsourcing.org) divider line 5
    More: Obvious, guarantees  
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4298 clicks; posted to Business » on 21 Oct 2012 at 4:08 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-21 04:14:18 PM  
2 votes:

ZAZ: VC dudes: welcome to the real world, kids

VC dudes: Welcome to our world, except if we win we get millions and if you win you get a T-shirt, a game, or an album with a fair market value of less than $100.



of course VCs toss i hundreds of thousands to millions and expect to lose money 70% of the time break even 20% make a small gain 9%, and hope that the 1% hits it big is enough to offset the losses and make a nice profit in the mix,

you toss in 50 and hope they get your tshirt size right
2012-10-21 08:51:34 PM  
1 votes:
I pledge money that I can afford to lose. Simple as that. So far, I have a pretty good track record (46 pledges - 41 successes, 1 failure to deliver, 4 in progress).

It's fun and pointless, and I get lots of really weird stuff to clutter up my life with. I also tend to avoid the music, art (mostly), dance, and theater sections of Kickstarter. LOTS of hipster crap on there that's not "I have an idea and a model, I just need money" but rather "Help me do something I've been toying around with". I'll pledge money to the former, not the latter.

Gadgets and games are much more fertile ground for improvements and innovation. I've gotten some really sweet things by dropping cash. If you do your homework (or only wait to fund projects that are already funded, as I have on a couple of questionable ones), it's like shopping on Amazon.
2012-10-21 04:27:41 PM  
1 votes:

timujin: I have yet to encounter someone who has funded a Kickstarter or similar campaign that had the idea it was a guaranteed bet. The overall impression that I have received from others, and the feeling that I have when I "invest", is that I am putting money I can afford to lose into something that I think would be worthwhile to support. If it makes it, fantastic, I get something cool and I get to have been a part of making that happen. If not, well, that sucks, but not every project is going to be a winner. You try to find the ones that you think are worthwhile and have a reasonable chance of success.

Of the five I've backed, I've received one so far. The other four are on track, so we'll see.


Of the seven I've back - 6 have delivered. The remaining one went off course but a third party has stepped in and put it back on course. So overall - things have worked out well.
2012-10-21 04:18:41 PM  
1 votes:
I have yet to encounter someone who has funded a Kickstarter or similar campaign that had the idea it was a guaranteed bet. The overall impression that I have received from others, and the feeling that I have when I "invest", is that I am putting money I can afford to lose into something that I think would be worthwhile to support. If it makes it, fantastic, I get something cool and I get to have been a part of making that happen. If not, well, that sucks, but not every project is going to be a winner. You try to find the ones that you think are worthwhile and have a reasonable chance of success.

Of the five I've backed, I've received one so far. The other four are on track, so we'll see.
ZAZ [TotalFark]
2012-10-21 01:51:30 PM  
1 votes:
VC dudes: welcome to the real world, kids

VC dudes: Welcome to our world, except if we win we get millions and if you win you get a T-shirt, a game, or an album with a fair market value of less than $100.
 
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