Monday, August 08, 2011

Kickstarter: Financing Innovation via Crowd-Funding: There are CONDITIONS to be met and a GREEN LIGHT to be obtained

Have a great idea for a project but no money to finance it? How about Kickstarter, a platform for online crowd-funding. It is not easy, but possible to raise money this way. Rob Walker not only has the story at the New York Times in The Trivialities and Transcendence of Kickstarter but also describes the CONDITIONS that must be met for submitting PROJECTS for funding:
"users must define a specific “project” ... Kickstarter isn’t for handouts.... Creators must offer “rewards” to their backers: written notes of thanks, custom T-shirts, handmade objects.... [P]roject makers must pick a target dollar amount and a deadline. If they fall short of the goal, they get nothing.... The company takes a cut — 5 percent — of the money raised on successful projects. (The transactions are processed through an Amazon.com service, which takes a slightly smaller cut.) The founders say it is profitable."
By the way, don't submit banal projects like "buy a prom dress" of "finance my art work", because they will surely be rejected, as all projects must FIRST get a green light from Kickstarter to get into the crowd-funding process:

Rob Walker writes as to what kinds of projects are preferably crowd-funded that:
"Wired recently assessed Kickstarter not as the champion of artistic underdogs but as “a lab for daring prototypes and ingenious products.”"

This posting was reposted due to a typo in the title. The original posting was deleted. Thank you for your understanding.

The ISandIS Network

Our Websites and Blogs: 3D Printing and More 99 is not 100 Aabecis AK Photo Blog Ancient Egypt Weblog Ancient Signs (the book) Ancient World Blog AndisKaulins.com Anthropomorphic Design Archaeology Travel Photos (blog) Archaeology Travel Photos (Flickr) Archaeo Pundit Arts Pundit Astrology and Birth Baltic Coachman Bible Pundit Biotechnology Pundit Book Pundit Chronology of the Ancient World Computer Pundit DVD Pundit Easter Island Script Echolat edu.edu Einstein’s Voice Energy Environment and Climate Blog Etruscan Bronze Liver of Piacenza EU Laws EU Legal EU Pundit FaceBook Pundit Gadget Pundit Garden Pundit Golf Pundit Google Pundit Gourmet Pundit Hand Proof HousePundit Human Migrations Idea Pundit Illyrian Language Indus Valley Script Infinity One : The Secret of the First Disk (the game) Jostandis Journal Pundit Kaulins Genealogy Blog Kaulinsium Kiel & Kieler Latvian Blog LawPundit.com Law Pundit Blog LexiLine.com LexiLine Group Lexiline Journal Library Pundit Lingwhizt LinkedIn Literary Pundit Magnifichess Make it Music Maps and Cartography Megalithic World Megaliths Blog) Megaliths.net Minoan Culture Mutatis Mutandis Nanotech Pundit Nostratic Languages Official Pundit Phaistos Disc Pharaonic Hieroglyphs Photo Blog of the World Pinterest Prehistoric Art Pundit Private Wealth Blog PunditMania Quanticalian Quick to Travel Quill Pundit Road Pundit Shelfari SlideShare (akaulins) Sport Pundit Star Pundit Stars Stones and Scholars (blog) Stars Stones and Scholars (book) Stonehenge Pundit The Enchanted Glass Twitter Pundit UbiquitousPundit Vision of Change VoicePundit WatchPundit Wine Pundit Word Pundit xistmz YahooPundit zistmz