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by edanm
4801 days ago
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I'm not sure you understand the concept of Kickstarter. You are not an investor when you back a Kickstarter project. You're only paying in the hopes that this will help the project succeed, and for getting various prizes. For most Kickstarter project, you also get a first edition of the product or something similar if you pledge enough. Quite simply, there is no profit-sharing or anything like that for Kickstarters. You pay money, get your reward (maybe - like you said, it's a risky investment). And that's the end of the transaction. |
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Kickstarter is like a bake sale, where you pay more than the fair market value for things as a form of charity to support some activity. But projects like this remind me more of a bake sale to support your local major league baseball team (e.g. profits are used for the enrichment of a corporation/person(s)).
I would be much more likely to contribute to this project if, in the situation where the movie makes money, $2M (less the true cost of the rewards) were donated to something other than the bottom line of the real investors.