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Geekend: A Tiptoe Through Kickstarter
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David Wagner
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David Wagner,
User Rank: Strategist
7/9/2014 | 4:01:13 PM
Re: Ricky the cockroach
why bother with that when you can just hit up a bunch of people who think, "that looks totally cool!" :)


@vnewman- It makes me wonder if we're pitching to VC's wrong. Maybe all we need is a good youtube movies, some pics of the prototype and a catchy short description.
Alison_Diana
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Alison_Diana,
User Rank: Author
7/9/2014 | 9:36:35 AM
Re: Ricky the cockroach
The potato salad project annoyed me -- not so much the guy who set it up, but the people who supported it. I mean, c'mon folk! And of course, there was then a flood of copycats seeking funding for all sorts of different salads and food. Must say, if I had a serious, good idea on Kickstarter and nobody was funding it, I'd have been heartbroken!
SaneIT
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SaneIT,
User Rank: Ninja
7/9/2014 | 7:08:35 AM
Re: Ricky the cockroach
Yes I saw the potato salad project.  What's cool is that he's not just taking the money and running, he's going to have a get together for the supporters.  My fear is that this is going to cause a ripple effect into serious projects.  There will no doubt be a rash of people trying to do another viral Kickstarter and it's going to make the serious ones look like used car salesmen.
vnewman2
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vnewman2,
User Rank: Moderator
7/8/2014 | 8:05:46 PM
Re: Ricky the cockroach
@David - so true, I mean, typically they want a business plan and a well-thought out presentation - why bother with that when you can just hit up a bunch of people who think, "that looks totally cool!" :)
David Wagner
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David Wagner,
User Rank: Strategist
7/8/2014 | 1:53:11 PM
Re: Ricky the cockroach
@vnewman2- You might be right. Also, who knows VC people with millions of dollars? It sometimes takes years to build those kinds of investment contacts.
David Wagner
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David Wagner,
User Rank: Strategist
7/8/2014 | 1:52:14 PM
Re: A Tiptoe Through Kickstarter
@zerox203- Thanks!

Interestingly enough, I saw a great presentation at the Games Developer's Conference by a guy who has funded video games through Kickstarter. And he basically said that Kickstarter was a terrible place to fund video games. He said you are actually better off getting money in a bank you've never worked with before than Kickstarter.

He said the problem with Kickstarter is that you're basically begging. And people have reached a begging limit on the site. So game developers have to increasingly give more and more to get people involved. For instance, the right to design a level or name a monster.

He said that basically, if you want to fund a game on Kickstarter now, be prepared to give away the game design to your investors. I can't swear to the accuracy of this, but it was a compelling argument.
David Wagner
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David Wagner,
User Rank: Strategist
7/8/2014 | 1:49:06 PM
Re: Ricky the cockroach
@SaneIT- Right, I agree. But did you see this? A guy has raised over $40,000 to make potato salad. Not a new kind of potato salad to sell as a product. He just always wanted to try to make potato salad. He asked for $10. He got $40,000 and counting.

Sometimes it isn't even about the idea, but the presentation. My favorite was what he offered if you gave him $1: I will say your name out loud while making the potato salad.
David Wagner
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David Wagner,
User Rank: Strategist
7/8/2014 | 1:44:38 PM
Re: city planning?
@soozyg- For the city planning to work it would requires dozens or hundres of people travelling through the same space to get an accurate read. For instance, i don't find parks relaxing at all. Too much open space. Not enough happening. I like to be in busy places, If you only went by me, we'd demolish parks and replace them with laser tag stadiums (an awesome idea!).

Ultimately the individual stress of a person on a given day would get washed out in the larger stats.
David Wagner
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David Wagner,
User Rank: Strategist
7/8/2014 | 1:41:44 PM
Re: regarding the helmet
@soozyg- Well, I get that, I suppose, if you assume that it can do more than it can do. For instance, if you thought it could steal your passwords or something.

But an EEG shouldn't hurt your brain. In a way, all they are is super sensitive volt meters. They measure the electrical signals from the scalp. And they can't pick out details. Only the aggregate which means things like mood.
David Wagner
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David Wagner,
User Rank: Strategist
7/8/2014 | 1:37:22 PM
Re: Ricky the cockroach
I think that crowdfunding is a great way to see if an idea can get traction with people. But I am wary of it as an investment vehicle. If some of these ideas are so good, then why did traditional investors turn them down?


@danielcawrey- Well, i think the quickest answer to your question is that 12 publishers passed on Harry Potter. Even experts don't always see the value in somehting.

But a longer answer is that i don't think Kickstarter is an investment site. I think of it more as a preview site. You get to buy somehting before it is out. If you are an investor, you get a stake in the company. If you are on Kickstarter, at most, you get the product or a thankyou card or a t-shirt or whatever.

I can see 250 people buying the Qwerkywriter, but I can't see Qwerkywriter selling so many copies an investor would want a stake in the company unless they thought the guy who made them had a bunch of similar ideas.

For a VC to be interested, he needs to see thousands if not millions of dollars in an idea. For a Kickstarter to work, all someone needs to see is a few bucks or a product they'd liek to buy.
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