Crowdfunding:
Pros --> Big platform that you can piggyback on; somewhat well-understood form of funding; can leverage to build a brand
Cons --> Less control over your brand and your message (e.g. hard to A/B test); commission
Self-funding
Pros --> Complete control over your website, message, brand, etc. Can offer whatever incentives you want.
Cons --> Harder to get the word out, generate press, access early adopters
VC funding --> This is important should you want to build a high-growth business and avoid the pitfalls of a lot of Kickstarter campaign. We've supplemented our Kickstarter campaign with VC funding and used crowdfunding as a means to get early adopters, build our brand and fund our first production run.
Crowdfunding: Pros --> Big platform that you can piggyback on; somewhat well-understood form of funding; can leverage to build a brand Cons --> Less control over your brand and your message (e.g. hard to A/B test); commission
Self-funding Pros --> Complete control over your website, message, brand, etc. Can offer whatever incentives you want. Cons --> Harder to get the word out, generate press, access early adopters
VC funding --> This is important should you want to build a high-growth business and avoid the pitfalls of a lot of Kickstarter campaign. We've supplemented our Kickstarter campaign with VC funding and used crowdfunding as a means to get early adopters, build our brand and fund our first production run.