In may 2012, I went on a little shopping spree on kickstarter. The intention wasn’t to invest in a project but back it. Its clear many people get confused with the concept. Backing a project isn’t like going to a store to buy or pre-order a product either.<\/p>\n
Backing a project is rooting for its success. With money, one can only presume that projects execute and whatever was promised gets delivered. It seems however that my kickstarter hit rate is so far a mere 50%.<\/p>\n
I backed a project that successfully delivered the goods in September 2012. I was rather thrilled because it clearly made someone’s dreams come true. Another project that I had backed should have delivered on the goals by the end of July. <\/p>\n
Sadly, its November and many of the backers haven’t heard back from the project owner. Many comments from concerned backers are posted in the comments section. <\/p>\n
Me? I backed what I consider a small amount. In funding, sometimes things fall thru, and in backing projects, sometimes things don’t work out even when the funding goal is reached. Money alone doesn’t make a product! <\/p>\n
Is this however a problem? Will someone that has been burnt by a negative backing consider using the Kickstarter platform again? Will it ruin crowdfunding for them?<\/p>\n
I don’t have the answers. I will continue perusing the site, backing interesting projects, ensuring people’s dreams can be achieved. Let’s see if my success rate improves over time.<\/p>\n