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GasolinePizza3 karma

That's kind of a good point, I myself had just completely glanced over the Kickstarter part without a second thought. Presumably if this works as well as he's implying that it does, and has the advantages over existing instruments that he says it does, then existing companies would be providing funding, as opposed to random people.

OP, is there some caveat to this that makes it unappealing to the existing groups that already have a lot of experience in the market?

GasolinePizza3 karma

Generally speaking it's (edit: or at least was) usually for unproven concepts or niche interests, rather than something with wide interest but where the creator could get a loan but wants no responsibility or could partner with a business but also doesn't want to share any of the benefits with anyone else.

Originally the spirit of Kickstarter was to make things without potential business interest possible, rather than to just get interest free loans without accountability.

GasolinePizza2 karma

Maybe Kickstarter's just changed since I last really looked at it. It used to be about projects that weren't possible when looked at from an investment/returns perspective (and a lot of perpetual motion scams, of course) rather than for entrepreneurs with normal products that didn't want to take a loan out or share with a business partner.

Maybe it was a romanticized view, but for the first few years it definitely seemed to trend in the former direction, rather than the latter.

GasolinePizza-5 karma

....so you're asking a bunch of regular people to give you enough of their money to get yourself setup instead of doing the normal thing and taking out a business loan, because of "financial considerations"? So rather than starting a Kickstarter to create something that wouldn't exist otherwise, you're creating one because otherwise you wouldn't get to own everything yourself?

That's not really a great look. You want an loan where the risk is passed on to other people, but where you still get all the benefits of sole ownership.