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Point blank - I'm tired of people abusing crowdfunding as some sort of money grab (Spike Lee's recent Kickstarter as an example) and because I'm involved in the industry, I have a vested interest in seeing crowdfunding, as an industry, prosper.

These guys probably have a great product, and are probably great people, and for that reason alone, I feel bad that my comment leads the thread. However, I never said anything that suggested this was a scam, and I don't believe it is. Like I said, people get what they pay for. It's just that I see this trend getting worse, and I think long-term it will hurt crowdfunding.



I can see where you're coming from and I think that your argument would be stronger if you took your own feelings out of it. For example, you say that you find it insulting that they'd ask you to pay for their salary. Well, why should it matter to anyone else that you feel insulted? If that's your reaction then they're probably not talking to you. Besides that - why should anyone care about whether you feel insulted? You also mention that you feel no sympathy for the family argument because of your experiences. In this context, why does that matter? I don't mean this to be dismissive of you personally; I'm just trying to share my minor analysis.

You also say that you're not suggesting they're running a scam but at the same time you compare their outreach to a money grab.

I don't know, perhaps your arguments are very good ones and I am a heartless bastard because they don't sway me. At their root, it seems like you're saying that these guys are proposing something that violates your sense of fairness somehow. I'd be interested in seeing an argument that applies more universally, and not just that you personally find it unfair.

Myself, I think the cool thing about crowdfunding is that it's so open and free. I might personally find it frustrating or unfair that money gets allocated in a way that doesn't match my values, but too bad for me!


You make some great points, and I can't say that any of them are off-base. My comment is obviously filtered by my experiences in the industry, which might be unfair to the founders in question.

However, my comment seems to have resonated with many others, so could be offered as advice for ways to improve the campaign.


> I'm tired of people abusing crowdfunding as some sort of money grab (Spike Lee's recent Kickstarter as an example) and because I'm involved in the industry, I have a vested interest in seeing crowdfunding, as an industry, prosper.

I'm curious, what does "abusing crowdfunding" mean, in precise terms? What is wrong with what Spike Lee's request for money? I understand crowdfunding to be simply a kind of transaction. A banker's job is to facilitate transactions between people, not to discriminate in favor of the ones he likes.


Crowdfunding will continue to diverge into two camps: Kickstarter-style, curated and reputable, and IndieGoGo-style, a roll of the dice where you might get left hanging, or even scammed. Given that it is now trivial to roll your own crowd finding site, you can't make the latter go away. The best you can do in terms of perception management is to put yourself in the former category: "We're not like those other crowdfunding sites..."




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