Internet Scam Alert: Most “Kickstarter” Projects Just Useless Crap (via @theOnion)

Sadly, at times, this is the truth. Kickstarter has a tendency to remove risk from the process of business, and that encourages people to do projects half-assed.

In the end, I suspect Kickstarter will implode. After getting burned enough times, people will contribute only to projects put forth by well-established companies. This might turn out to be just as tragic. First, I’d like to see Kickstarter be used as a way for the new guy with no funds to be given his shot. Unfortunately, there’s no way to distinguish those guys from the people who just don’t want to spend their own money and aren’t really in need of that break, so that’s a pipe dream. Second, it’s unethical for large, well-established companies to take start-up capital from people who aren’t given an ownership interest in the company, and it’s just as unethical for small, well-established companies to do the same unless the backers are given very good value for their contributions. (I won’t call them investments unless an ownership interest is attached.) Unless Kickstarter starts enforcing these rules, this is also a pipe dream.

Kickstarter should start scrutinizing which projects it allows. Until they start, I won’t give them another look.

Follow me on Twitter @GSLLC

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2 responses to “Internet Scam Alert: Most “Kickstarter” Projects Just Useless Crap (via @theOnion)

    • First, the video is from the Onion. I’m sure 99% of people watching it will realize that, especially in light of my first sentence indicating that “at times, this is the truth.” Second, as to my opinion, of course not all projects are bogus, but that misses the point entirely. The point is that Kickstarter not only doesn’t evaluate projects, allowing for bogus projects to get through, but the Kickstarter model itself encourages bogus projects. This means that eventually (if not already) the bogus projects will overwhelm the legitimate ones. It’ll be exceptionally difficult to sort through them. The system is flawed, and therefore will eventually implode.

      I would think all of this was obvious based on the text.

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