Re: [DIYbio] Re: Get your project funded

It also creates a very effective relationship between funder and fundee,
where people who've committed to funding a project feel that they should
help raise further funding in order to realise their investment. It
creates a cascade of funding for good projects, sometimes creating
spectacular results. For modest projects, it still offers the
"insurance" Daniel mentioned.

This "insurance" issue is pretty important for ambitious projects which
basically can't even *begin* without reaching a certain funding
threshold. With other platforms like indiegogo, I might fund a guy €20,
only to have him raise €120 of €2000 and be totally unable to do
anything with it. What happens to my €20?

On 21/06/12 21:00, Daniel C. wrote:
> On Thu, Jun 21, 2012 at 3:31 PM, Matthew Anderson
> <milacafootball@gmail.com> wrote:
>> I've been reading about kickstart. You have to fund raise your own money
>> through there site but the catch is you have to quote them a price and a
>> time line, if you don't make your quota you lose all the money you raised.
>
> That's a feature, not a catch. The money at Kickstarter is donated by
> individuals, and is guaranteed by Kickstarter not to be "lost" if the
> project doesn't get fully funded. This frees people up to donate
> money to projects without having to ask themselves whether it's likely
> that the project will get funded or not.
>
> -Dan
>

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