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by nhangen 5134 days ago
As someone offering a product in the same competitive set, I have to be careful how I say this, but here goes.

The more I watch Kickstarter in action, the more I see them not as an innovator and entrepeneur aide, but as a middle man trying to profiteer on people that don't necessarily need their help.

The heavy hitters, celebrities, and true product engineers use Kickstarter not because they need to, but because it's hip...and that makes sense for both parties.

However, there are thousands of solopreneurs and dreamers trying to raise funding for really neat projects, but can't because Kickstarter isn't designed to help them. There are many that think they can post their project and watch the money roll in. It just doesn't work that way.

Additionally, Kickstarter never highlights projects that are near failure or underperforming. They only highlight those that make Kickstarter themselves look good. They do the same thing on their blog. Every time a project reaches a million dollars (or a new, similar milestone), the blog entry is more about the Kickstarter team than the project team.

I'm not saying all of this to bash Kickstarter, but I find it frustrating that so many people think Kickstarter is the only option. I find it more frustrating that people feel Kickstarter is out to help the little guy, which if you read the post, you'll see they aren't doing that at all.

2 comments

Kickstarter lets you test your idea and get better (accurate) interest metrics. Kickstarter let's innovators set the terms of engagement and not have to chase after some angel investor. In some fields, it is not necessary, but in hardware production, it is costly as hell to start even if you have a good designer, developer and businessman.

The most valuable service kickstarter provides is in gauging real-world interest in your product.

BTW, I am not affiliated with kickstarter, but I did interview with them and we discussed the creation of a job 'open hardware consultant' that would have me try to ensure the success of any open hardware project on kickstarter. From design & development, supply chain, marketing, that job would be a resource much like meetup's constant helpful aides for ensuring successful events. Question their motivations, but they are trying to help 'the little guy' because its in their best interests to.

"The most valuable service kickstarter provides is in gauging real-world interest in your product."

I don't think it even does that as a product can fail to garner interest due to lack of adequate marketing. I think most projects fail because they can never reach their intended audience.

"The most valuable service kickstarter provides is in gauging real-world interest in your product." Kickstarter doesn't exactly provide this - they provide a place to host a site to gauge that interest. The project creator themselves do all the legwork to get that interest dredged up (as they should).
I think KickStarter is the PayPal of crowd funding....

But this also means that not every entrepreneur needs what KS offers.