Help fund my project!

[Shannacore]

Originally Posted by heartbrand [You must be logged in to view images. Log in or Register.]

still offering $800 for 49% equity

Thanks but no thanks

[Wrench]

Originally Posted by Shannacore [You must be logged in to view images. Log in or Register.]

Thanks but no thanks

carefully consider before turning down the jewfather

[Pokeman]

https://www.youtube.com/watch?v=u08NGTmxp-E [You must be logged in to view images. Log in or Register.]

[Mac Drettj]

Originally Posted by Pokeman [You must be logged in to view images. Log in or Register.]

https://www.youtube.com/watch?v=u08NGTmxp-E [You must be logged in to view images. Log in or Register.]

Poor guy

[GradnerLives]

Originally Posted by August [You must be logged in to view images. Log in or Register.]

I'm really quite aware of how Kickstarter works. Compare the model of KIVA to this.

Kiva - you give small amounts, 'micro-loans', with a defined interest rate depending on loan amount and risk associated. The recipient of the money then uses this capital to develop their product/service and then pays back the loan. This allows small companies/individual proprietors to raise funds where they otherwise couldn't, and the investor not only helps out small business, but gets their money back + interest. There is a risk of default, but that is what the interest rate is for.

Kickstarter - you give small amounts, 'micro-donations', where the only required payment is the 'levels' defined by kickstarter. The recipient of the money then uses this capital to develop their product/service and then sends out their level-payments. This allows small companies/individual proprietors to raise funds where they otherwise couldn't, and the investor helps out small business as a donation - they may get a small reward (or not). There is a risk of default, but you donated your money so there's no obligation. They don't even have to pay out the levels if their project falls through.

They are very similar, except one is accountable and the other isn't. Your claim of small electronics would be just as well funded by micro-lending. Kickstarter has, and always will be, a scam. It acts as if it's a public funding enterprise (like PBS) and accepts donations, no 'equity'.

And yes, $10 isn't enough for anything. However, I've seen kickstarter campaigns that have levels for $100k - i think that's some equity money right there (but you could be an EXTRA IN A MOVIE!).

If I want these dog treats, and I pay $10 and get them, then great - my goal has been achieved. From the outset, I just wanted the dog treats that I can't currently get, not a continued share in the company's success or potential failure. If the goal doesn't get reached and my dog treats never get made, then I end up getting refunded anyways.

If I want equity in a company, then I know already that kickstarter is not the place to get that. I didn't care about whether or not I get the dog treats and owning 1.25% of a small home-based business probably wasn't worth the trouble to me or the business if we're talking $10 to begin with.

Both models have their place and it's absolutely infuriating when people try to wax smug on the kickstarter model as if these plebeian 'donators' have no idea how much they're getting 'suckered' by these small businesses. Kickstarter is allowing consumers to facilitate the role of investors without changing their role as a consumer or changing the business' role to that of a partner, and sometimes that's just what the consumers and businesses want. Most people don't have the 10's of thousands of dollars to throw around that would be necessary to interest a business in taking them on as a partner, and most small businesses don't want 50% of their ownership fragmented across 2500 different people.

As a consumer, not a venture capitalist, I appreciate what the platform offers and have received a number of neat products through it that probably wouldn't have become available on the open market otherwise.

If a friend of mine pre-orders a video game in order to get the deluxe edition when it comes out, I don't call him a moron because he didn't ask for a 0.00043% share of the company. Would you?

[Pokeman]

i need 3 globs of dough to feed my dog so bad plz someone take my $10 and send

[nalkin]

Man if this gets funded im going to have to go out and buy a bunch of crep like a house and a bunch of crep to go with it, pets, camping gear, and new smart phones, then ask people to fund me cause i don't have enough money to do things.

[Kimmie]

Donut like the woofers, and cat's too fat for gluten-free pumpkin cookies atm
Good luck with project tho [You must be logged in to view images. Log in or Register.]

[Littlegyno 11.0]

Originally Posted by Kimmie [You must be logged in to view images. Log in or Register.]

Donut like the woofers, and cat's too fat for gluten-free pumpkin cookies atm
Good luck with project tho [You must be logged in to view images. Log in or Register.]

UR DOG ENOUGH TO EAT DOG TREATS LOL

hey kimmie hope ur doing ok

[August]

Originally Posted by GradnerLives [You must be logged in to view images. Log in or Register.]

If I want these dog treats, and I pay $10 and get them, then great - my goal has been achieved. From the outset, I just wanted the dog treats that I can't currently get, not a continued share in the company's success or potential failure. If the goal doesn't get reached and my dog treats never get made, then I end up getting refunded anyways.

If I want equity in a company, then I know already that kickstarter is not the place to get that. I didn't care about whether or not I get the dog treats and owning 1.25% of a small home-based business probably wasn't worth the trouble to me or the business if we're talking $10 to begin with.

Both models have their place and it's absolutely infuriating when people try to wax smug on the kickstarter model as if these plebeian 'donators' have no idea how much they're getting 'suckered' by these small businesses. Kickstarter is allowing consumers to facilitate the role of investors without changing their role as a consumer or changing the business' role to that of a partner, and sometimes that's just what the consumers and businesses want. Most people don't have the 10's of thousands of dollars to throw around that would be necessary to interest a business in taking them on as a partner, and most small businesses don't want 50% of their ownership fragmented across 2500 different people.

As a consumer, not a venture capitalist, I appreciate what the platform offers and have received a number of neat products through it that probably wouldn't have become available on the open market otherwise.

If a friend of mine pre-orders a video game in order to get the deluxe edition when it comes out, I don't call him a moron because he didn't ask for a 0.00043% share of the company. Would you?

The problem is that the dog treats don't cost $10. If you need to raise funds, you should get a loan.

Get a loan - be able to produce dog treats - sell dog treats - pay back loan

Get a kickstarter - be able to produce dog treats - send them to your backers (for way less than they paid to your kickstarter ) - end of step.

Yes, consumers are getting taken for a ride. Acknowledge that kickstarter is at it's heart, a CHARITY. If you are doing a kickstarter on a for-profit venture, you're taking advantage of people. period.