Re: [newtech-1] Crowdsourcing 's effect on seed funding....
| From: | user 1. |
| Sent on: | Friday, August 3, 2012, 6:04 PM |
Interesting question.
I've seen several cases where an unsuccessful Kickstarter generated a second try that succeeded, because the people involved learned more about what works and what doesn't (e.g. they got rewards wrong, set their goal too high, etc.).
I've seen a lot of failed tries that had no follow up. I don't recall seeing any repeat failures, though there must have been some.
And I've seen several cases where a success lead to successful follow-ups. Basically, people launched a company via Kickstarter with one product, then did Kickstarters to fund their following products.
As far as I can tell, more than 50% of Kickstarters succeed. I think the "all or nothing" psychology helps people drive momentum, and also helps people contribute funding, because if it doesn't work they don't lose anything. I don't see that as much on Indiegogo, where all contributions are taken, even if the project doesn't really succeed.
- LP
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On Fri, Aug 3, 2012 at 5:59 PM, Miles Rose <[address removed]> wrote:
What do you learn from an unsuccessful crowd funding experience? How many people get it right the 2nd or the 3rd time?----------------Be Featured in SiliconAlley.comNew SiliconAlley.com Linkedin Group http://linkd.in/A5jNpeNew SiliconAlley.comTwitter SiliconAlleycomFacebook [address removed]SOON New website SiliconAlley.comThis message was sent by Miles Rose ([address removed]) from NY Tech Meetup.
On Aug 3, 2012, at 5:50 PM, Steven Blinn <[address removed]> wrote:Hey all, have a quick question.
A client is considering using Indiegogo to crowd source a project they're working on with the funds targeted toward finishing their platform.
Question I have is, if they were to meet their fundraising goal how would Angels or VC look at these funds should my client go back out and look for a series A round from VCs.
Or is this something they shouldn't worry about.
TIA,
Steven
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