Crowdfunding - A Rant

Papa_Complex · 01-14-2014, 07:50 AM

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.

01-14-2014, 07:50 AM	#7
Papa_Complex Nomadic Tribesman Join Date: Nov 2008 Location: Brampton, Canada Moto: '09 ER-6n Posts: 11,150	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. __________________ "Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/