Reddit Gets into Crowdfunding with Redditmade

http://techcrunch.com/2014/10/29/reddit-gets-into-crowdfunding-with-redditmade-a-place-to-turn-community-designs-into-reality/

by sk24iam • 12 years ago

110 28 12 years ago

techcrunch.com

raldi4• 12 years ago

The move comes at an interesting time for the cult website.

An obscure cult, consisting of roughly 175 million members.

alexis• 12 years ago

Too much data! Too much data!

JonnieCache3• 12 years ago

"Cult" does not necessarily have the same meaning as "niche" or "obscure."

Here they're using it to describe the fanaticism rather than the small audience. You could legitimately call star trek a "cult show" IMO.

raldi4• 12 years ago

Do you think it would be fair to refer to football (either one) as a sport with a cult following?

minimaxir• 12 years ago

Considering the increased scrutiny behind authenticity of crowdfunding (e.g. Anonbox), and given the anonymity of the campaign owner, this seems like an accident waiting to happen.

danielki2• 12 years ago

Looks more like a Teespring-type thing than a Kickstarter-type thing, which should mitigate this quite a bit

untilHellbanned3• 12 years ago

"the best designs and products by the community"

That's pretty non-t-shirt-y language. They'll have to tighten that.

yaeger• 12 years ago

Okay, what about copyrights? I have already seen logos used on TV shows being put on a shirt where the profits all go to the owner of the campaign. Somehow I doubt the network that own the show or the shows creators themselves would not have a problem with some fan starting campaigns like this for their own personal gain.

untilHellbanned3• 12 years ago

Agree completely. This sounds like an amazing idea but trust is the #1 problem with crowdfunding. If Kickstarter has a massive problem with trust, how is this going to work with a site that doesn't require emails to sign up and that vehemently defends the right to anonymity of highly suspect users. And I say all this as someone who loves Reddit and is super active on the site.

scott_karana• 12 years ago

Hopefully, we'll see some intense scrutiny a la /r/AMA verifications. :-)

quarterto• 12 years ago

Bear in mind that most of the Anonabox scrutiny came from Reddit: https://www.reddit.com/r/privacy/comments/2j9caq/anonabox_to...

gravity13• 12 years ago

I just like imagining the discussion that happened at the conception of this idea. It probably starts something like this: "Guys, we need a way to monetize the reddit."

imjk• 12 years ago

I know you're just joking, but I think it actually makes a lot of sense. Reddit has given birth to a lot of successful businesses, websites, projects, and careers. I bet internally the question was more along the lines of, "how do we monetize without taking away from the community, and perhaps, even further enhancing it?" This is one solution that helps them monetize by further supporting the community.

toomuchtodo• 12 years ago

If they've got the traffic, and they can provide the same or better experience as Kickstarter or Indiegogo, why not? Better it fund the community than a third-party site.

untog• 12 years ago

Interesting idea, but it's going to be a hell of a sight when the first one goes catastrophically wrong. Think back to the Boston bomber hunt - in a repeat of that incident, not only does Reddit accuse the wrong person of being guilty, they also crowdfund an attempt to track him down with private detectives or something.

Pxtl• 12 years ago

Reddit has already swallowed gallons upon gallons of bad press. Half the time Reddit hits the mainstream news it's about paedophilia or harassment or misogyny. Not saying that Reddit is full of incredibly vile people, but that's the "if it bleeds it leads" news about Reddit that hits the larger media world. At this point anybody who uses Reddit is either immune to scandal or already gone.

electromagnetic• 12 years ago

At this point anybody who uses Reddit is either immune to scandal or already gone.

At this point anybody who uses Reddit is hearing the scandal via Reddit.

swalsh• 12 years ago

We've kind of learned from that incident now. It's still very fresh in people's minds, and mentioned quite often.

DieRedditDie• 12 years ago

The article calls it a "cult website". I can't stand the place personally. They want to be mainstream so bad , they call themselves the front page of the internet.

Reddit Gets into Crowdfunding with Redditmade

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