Crowdfunding - A Rant
A couple of people here have already seen me post this on Facebook, but it annoys me enough that I need to share it. Everywhere.
A Very Long Rant Follows: Crowdfunding sites like Kickstarter and Indiegogo; they're a source of funding for people who have an idea but no conventional funding source, nor a history that could be used to obtain a bank loan for it. I considered it, briefly, when I was starting my first photobook but it turned out to be too problematic and costly, for a project that small. Still, it's been a valuable source of start-up funding for indie movie production houses, for getting books published, and for starting up production of interesting hardware. The indie producers that I support are all on Kickstarter. This model has its ups and downs. Surely there have been people who have funded campaigns and then just kept the money, without providing what they promised. These are, however, few and far between. By and large the model has been successful. Products like the 'Othermill' affordable desktop CNC machine are making it to maket specifically because of crowdfunding. I've got a stack of DVDs, of movies and 'online TV shows', that were produced through crowd funding. Unfortunately there's a recent trend, that threatens the continuation of the crowdfunding model. People who have ready sources of investor cash are turning to crowdfunding to fund their projects. This is because they have to pay back conventional investments, or take a chance that their own not inconsiderable personal funds might not make a return, but people who give them funding through crowdfunding can typically be bought off with a t-shirt or autographed tchotchke. In other words, for them, it's essentially free money. They're poisoning the well. The recent Kickstarter projects for the "Veronica Mars" movie ($5,702,153.00) and Spike Lee's rather self indulgently named "The Newest Hottest Spike Lee Joint" funding project ($1,418,910.00) immediately come to mind. For comparison purposes Spike Lee's Kickstarter campaign offers, for a $50.00 investment, an autographed script page from "Jim Brown; All American." Over the weekend the Kickstarter campaign for " Space Janitors", a made-in-Toronto web series, offered autographed DVDs of all three seasons (the two previous and season 3) and access to their ongoing production blogs, including such things as the 3D wireframes that they used for their CGI. I urge you to not support projects started by people who can clearly manage on their own. They give you nothing new. They give you little or nothing in return for your funding. They take what could be used by more innovative people. They destroy the funding model. The people who use the model responsibly realize when they're starting to outgrow the model. For example Zombie Orpheus Entertainment, who have produced a goodly number of projects through Kickstarter campaigns, have realized that they've become too large, to exclusively fund their projects this way and have created a direct subscription model called "Phase II." They will continue to fund through crowdfunding, but will now have stable funding with which they can keep production rolling, on a day-to-day basis. TLDR: Support the little guys who give you something innovative and new. Ignore the big players who don't need you but will gladly take your money, giving nothing in return. |
I think you can count on me not to support Veronica Mars, Spike Lee, or Space Janitors. :lol: I thought Space Janitors joined up with Felicia Day's group. That shit was terrible.
Only thing I have supported so far was the bug gun(garbage) and a cool no wash wool shirt. |
The salt gun was no bueno?
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The Zombie Orpheus guys are moving ahead pretty well. Their last production, "Gamers - The Hands of Fate", had pretty good production values. It's on par, in my opinion, with some network level stuff. Whether the story is the sort of thing that you'd like isn't for me to say ;) |
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And that's one of the risks that you can and should expect with crowdfunding; that the product really isn't very good. Another is that the person who is doing the project under estimates the costs involved and can't complete production. I see those both as reasonable.
At this point I'm exclusively funding creative projects (web series, indie movies). Generally speaking I look at the rewards offered for a specific funding level and if I think that's reasonable value for the investment, I go ahead. To date I haven't funded anything at more than a US$50.00 level. I would actually have funded the Othermill at the $999.00 level, but unfortunately the Kickstarter had already closed by the time I heard about it. |
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I took a risk and funded a group (Wanderlust Cameras) who wants to manufacture a lightweight 4x5 film camera called a Travelwide. 630g, fully loaded with lens, film holder, view finder and range finder.. weighs less than a Canon 5D Mk II. :D Was supposed to deliver last month, but I know they ran into a few issues in the manufacturing process that has made it take a little longer. |
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Looks interesting. I doubt that I'll ever go back to film, since digital finally managed to make me a frequent shooter, but I like the idea.
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You only get that extra resolution, if you don't digitize the image at some point ;)
I'm still wondering if I should get some film and mess around with my OM2000 + 50mm F1.8, but the fact that I'd have trouble developing the film keeps putting me off. |
I agree Papa.
I toyed with the idea of using crowdfunding for a recording project for my band. The longer I thought about it the more of a bad taste I got for it. We scraped the idea and paid for it ourselves, with gig money. |
I still think that it has its place. I'm just worried that a relative few jackasses are going to screw up a good thing for those who can actually use it properly.
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My beef with Kickstarter is that it seems to have created a pre-order culture. It used to be that pre-orders we most common with music and video games where youd give a credit card number or a small, refundable deposit to hold your copy of a new thing but you wouldnt be charged the full price until the actual release date. But over the last few years it seems that more and more companies are asking for the full price up front to cover development costs and consumers are willing to give them that money months before anything is actually released. Just like Kickstarter these are basically interest free loans for the companies.
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I think it's even worse than that. In too many cases such funding has become virtual GIFTS to developers. I won't fund that sort of thing. I want to see a return of some sort.
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Here's an example of one where I think Crowdfunding is valid. Unfortunately I don't think that they're going to make their funding goal (so kick in if you like this sort of stuff ;)).
It's the same guy who recently did the movie "Rise of the Fellowship." He decided that he wanted to do an actual fantasy movie. https://www.kickstarter.com/projects...87/the-rangers |
Looks like they made it with 2 hours to spare!!
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