Not necessarily. Most of the kickstarter projects I funded went dark after a year or 2, or I got an “all the money’s been spent—sorry” message. Only 2 actually were completed.
Traditional venture-capital companies face high risks — and also have the potential of earning very high profits, from the start-ups that actually do succeed. It’s somewhat like a big lottery pool that way. In addition, V.C. firms often take significant management control over the start-ups they fund. If they’re good at what they do (and more than a little lucky), gains outweigh the losses. ~Kickstarter offers the same high risks — without any upside potential. You fund Kickstarter projects if you believe they’ll work, and you want to be among the first to try out the new tech. Just be aware of the risks involved.
Boots at the Boar Premium Member about 9 years ago
Not necessarily. Most of the kickstarter projects I funded went dark after a year or 2, or I got an “all the money’s been spent—sorry” message. Only 2 actually were completed.
sue hurley Premium Member about 9 years ago
I helped fund one kickstarter, and after a few emails, never heard from them again. Nor did I get any money back.
Ink blot Premium Member about 9 years ago
Traditional venture-capital companies face high risks — and also have the potential of earning very high profits, from the start-ups that actually do succeed. It’s somewhat like a big lottery pool that way. In addition, V.C. firms often take significant management control over the start-ups they fund. If they’re good at what they do (and more than a little lucky), gains outweigh the losses. ~Kickstarter offers the same high risks — without any upside potential. You fund Kickstarter projects if you believe they’ll work, and you want to be among the first to try out the new tech. Just be aware of the risks involved.
redback about 9 years ago
in the words of homer simpson: is not begging, its tele-begging