Quote:
Originally Posted by Biesterfield
* Business-tard alert *
Can someone tell me what the deal is with Kickstarter and why it is so popular? So basically ideas that aren't good enough to get VC financing get money from willing individuals because they don't have enough money of their own? Why would I invest in something in this manner?
VCs want shares of your company, kick starter just wants a fee of preorders.
VCs want established business ideas, kickstarters just want cool ****
People more willing to invest $20 vs $20k
You feel like you're a part of building a product.
You can get some unique benefits that exist nowhere else
Can get tons of potential customer feedback as well as explore potential customer base.