How many of you tried kickstarter for raising money

https://news.ycombinator.com/item?id=3426399

by RuchitGarg • 15 years ago

9 7 15 years ago

news.ycombinator.com

Did you find it useful? Did your attorney freaked out? Raised money for your tech project?

MaysonL• 15 years ago

While I haven't used it, a good friend of mine has used it successfully twice, once to help send a play [i.e. the actors, and musicians] she wrote to Edinburgh for the Fringe Festival, and again to send another play to New York from LA.

RuchitGarg2• 15 years ago

That is what my concern is. Is that good for things like doing a theater/play and for some legal issue does not work well for tech startups who envision it to be a high growth company and have C/S corp incorporated.

I know there are certain limitation on how many private investors a C-corp can have. Would these people putting in money via kickstarter be called as investors?

vitovito• 15 years ago

Legally and technically, they're not investors.

Kickstarter cuts you a check via Amazon. You don't have any contact with the donators except as mediated via Kickstarter. There's not even a requirement that you fulfill your promised obligations to your backers (although they'd probably never let you use them again).

People are literally giving you money out of goodwill.

That said, Kickstarter is a terrible platform if you don't already have a social network into which you can cast a wide enough net. It works best as the way you enable all the friends you already have and who are already willing to give you money, to do so.

It doesn't have a huge pile of people who are just looking to spend money on hairbrained startups with no return. That active curation, cutting out projects like that, is why it's succeeding.

dholowiski• 15 years ago

Sadly, I live in Canada, so no Kickstarter for me.

jamesflorentino• 15 years ago

Ditto. I don't live in the US too. I've been eyeing to crowdfund a personal project in indiegogo instead. But haven't really looked into how the process goes.

How many of you tried kickstarter for raising money

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