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General Asylum General audio topics that don't fit into specific categories. |
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how Occulus made a Billion Dollars and all I received was a lousy T Shirt !
Kickstarter has the potential to subvert the traditional startup and PR funding model. Previously, one had to give up control and/ or precious cash to receive start up funding for a project. VC investors demanded a substantial equity share, and a seat on the board to oversee their investments. Principals of startup companies had to have a substantial amount of their own assets at risk and be willing to personally guarantee debts before a bank would consider underwriting a loan. In both cases, if the company ran into problems or went bankrupt, the principals would lose everything. Even if successful, the company would have to pay for expensive PR in order to let the world know about their product.
With Kickstarter, all one needs is an idea. Create a compelling concept, with reasonable contribution terms and the world will literally beat a path to your door. You keep all of the equity (bye bye VC vultures), and you get to keep the money without paying a dime in interest (bye bye banks) ! And you get valuable PR that cuts across multiple genres and outlets.
Think about it. What would stop someone from making a "valiant effort" but ultimately keeping all of the money? In the Producers, at least the protagonists went to jail. With Kicksterter, contribution is voluntary but ultimately without any recourse if the company fails to deliver. And it's perfectly legal.
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Topic - Kickstarter - or - Ross 16:18:01 03/30/14 (9)
- RE: Kickstarter - or - fantja 15:16:20 03/31/14 (0)
- SEC rules ... - Bromo33333 17:34:49 03/30/14 (7)
- Yep............ - Todd Krieger 16:53:42 03/31/14 (0)
- SEC rules ... Are not a law of physics... - John Marks 18:32:29 03/30/14 (5)
- You are missing the point ... - Bromo33333 19:57:51 04/01/14 (2)
- Yes you can--it just might be contrary to a rule, regulation, or state or federal law - John Marks 08:06:50 04/02/14 (1)
- RE: Yes you can--it just might be contrary to a rule, regulation, or state or federal law - shutterbob 12:45:50 04/02/14 (0)
- Lack of reason is the problem... - genungo 09:29:54 03/31/14 (0)
- Sounds a lot like the plot of "The Hudsucker Proxy" to me - vinyl phanatic 19:35:52 03/30/14 (0)
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