The dark side of crowdfunding

Have you ever backed a crowd­fund­ed gad­get, and did you receive it?

Remem­ber the time, they tried to crowd fund a bot­tle that refills itself from air humid­i­ty or that under­wa­ter breath­ing appa­ra­tus with­out a scu­ba tank. 🤣🤣. I called it scam years ago. And true enough, the founders just left and with hefty spare change. Think before you give away your money.

I always thought that peo­ple were donat­ing the mon­ey… With­out get­ting a return.

who’s still wait­ing for their shiftwear shoes?

Good

Hel­lo

Kick­starter is a pledge. You aren’t buy­ing a prod­uct directly.

Ash­ley Car­man is HOT !!!!

Over-reg­u­lat­ing and demand­ing guar­an­teed deliv­ery are both com­plete­ly anti-crowd­fund­ing con­cepts. Impos­ing them would kill crowd­fund­ing. Projects must have room for risk and fail­ure to all par­ties involved. If project suc­cess could be guar­an­teed it would­n’t need crowd­fund­ing to begin with. Forc­ing guar­an­teed project deliv­ery will kill inno­va­tion and cause many ideas to nev­er be tried due to fear. It will make big­ger busi­ness­es win out over the lit­tle guys because they have much more of a finan­cial and legal cush­ion. In real life projects fail. Invest­ments don’t always pay off. Those are the risks.

Sounds good jewboy62

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Hur­ry up guys.….

Tell me about invest­ing then I’ll show you who makes prof­it for me on week­ly basis with the low­est amount of invest­ment and prof­its guar­an­teed. Feel free to con­tact him @Ventrefx on Instagram

3 bil­lion peo­ple in the world don’t have access to clean water.…..so they built a mouse for a cat .…..

I’d stay away from invest­ing in com­pa­nies that have to man­u­fac­ture hard­ware. I’d say it’s less risky to invest in soft­ware based com­pa­nies such as app creators.

kick­starter, indiegogo and co is noth­ing but scam. i bought a prod­uct where the ini­tia­tor of the cam­paign promised to ship it in novem­ber 2020. We now have almost may 2021 and the ini­tia­tor is telling new excus­es every months why the prod­uct alleged­ly can’t be shipped. Don’t invest to kick­starter or indiegogo! It’s all just scam!!

I only crowd­fund­ed once. But I will nev­er do it again. since you pay full price for the prod­uct you can’t see, touch, and take the risk of not get­ting it or get­ting it and be unsat­is­fied. Where you get some­thing from a retail­er you don’t like. You send it back. 

Big risk, min­i­mal reward.

If you don’t have enough mon­ey or can’t get a loan for your prod­uct then don’t BEG for mon­ey from the public..it’s just like pan­han­dling from the con­ve­nience of your home

I think it’s the respon­si­bil­i­ty of these crowd­fund­ing plat­forms to set min­i­mal stan­dards so that both the investors and man­u­fac­tur­ers under­stand the rules of the game. Beyond that, investors should be on their own, as their endeav­our comes with risks.

The fact that any­one crowd funds is insane to me.but peo­ple buy bit­coin to so yeah

I think ulti­mate­ly it is the creator’s respon­si­bil­i­ty. I’m work­ing on my own with dig­i­tal files, and so far in feel ter­ror lol. I’m in the begin­ning (plan­ing stage for the kick­starter), and still try­ing to fig­ure out how to prop­er­ly deliv­er those dig­i­tal files. I have no issue with cre­ation of the STL for 3D print­ing. I have 7 prod­uct lines some fin­ished and some in design­ing and pro­to­typ­ing stages. I am enjoy­ing every bits of the cre­ation and pro­duc­tion process. But I want to make sure the dig­i­tal deliv­ery to the back­ers to be flawless.

I’m sure I will look back and laugh about my wor­ries on that mat­ter. But as it stands now the deliv­ery method seems daunt­ing. I have a Gum­road store, they haven’t real­ly answered my ques­tions about how to set­up deliv­ery to backers.