It’s finally happened. Kickstarter users have said “No thanks!” to a celebrity’s film project. The crowdfunding campaign for the film Darci’s Walk of Shame, which had Melissa Joan Hart attached to it, was cancelled Monday after raising only $51,605 from 315 backers in a little over a month. The hope was to raise $2 million. For… Read More
Read more in: Offerings | Tagged celebrities, fail, kickstarter, melissa joan hart
Kickstarter may not have worked out for Project Awakened, but Phosphor Games Studio hasn’t given up on its crowdfunding efforts, turning to fans to determine whether it should turn to fans. After falling short of their $500,000 goal, a survey up on the game’s site seeks to determine whether the studio will continue crowdfunding via… Read More
Read more in: Offerings, Strategy | Tagged fail, games, kickstarter, project awakened
A recent entry on whiteboardmag.com tells a crowdfunding horror story where a German company called Smarchive had difficulties getting VC investment after a successful crowdfunding round. From the article… (Smarchive founder) Steffen Reitz: “Back in the time, I thought that crowdfunding was nice and good because it gives companies in countries with little access to… Read More
Read more in: Strategy | Tagged corporate law, drag-along, fail, smarchive, tag-along
There was a time not long ago, when large funding organizations like banks pretty much called the shots on whether an entrepreneur’s dream made it to production. Not any more. Crowdfunding sites like Kickstarter have made it possible for small projects to find funding without having to get a thumbs-up from multi-million-dollar financing corporations. For… Read More
Read more in: Crowdfunding Portals, General News | Tagged fail, kickstarter
It’s the biggest fear of anyone who spends $10 or $50 to help fund a new game. You see a cool-looking game on Kickstarter or some other website where creative people can ask fans to help pay for their projects. You think it sounds awesome. You give them your money, maybe in exchange for some… Read More
Read more in: Crowdfunding Portals | Tagged fail, gaming, kickstarter, perdition, video games
Nearly two years ago, we had a post pointing out that it was silly for people to complain when the “rich and famous” made use of platforms like Kickstarter. That story was about Tom Hanks’ son Colin looking for funds to complete a documentary. As we noted, it made perfect sense to use Kickstarter, since it’s also… Read More
Read more in: Offerings, Strategy | Tagged bjork, fail, kickstarter, tactics
HAMBURG, Germany — Chris Taylor realizes just how hard it is to raise money now, especially on fickle consumer-driven crowdfunding platforms like Kickstarter. The chief executive of struggling Gas Powered Games pulled down his Kickstarter campaign today for his Wildman game as it was failing to get a critical mass of support. Speaking at the Casual Connect Europe event in Hamburg,… Read More
Read more in: General News | Tagged chris taylor, fail, gaming, gas powered games, germany, kickstarter, video games
Promises Made An individual identifying himself as Michael Waller of Syracuse, NY launched a Kickstarter campaign in the summer of 2012. The project was called the “MD-Pen,” or “minimal and durable pen.” It is an aluminum housing compatible with many off-the-shelf pen cartridges. Pre-orders were offered starting from $29. 321 Kickstarter backers contributed to Michael Waller’s… Read More
Read more in: Featured Headlines, Offerings | Tagged fail, fraud, kickstarter, md-pen, michael waller, neil singh
Kickstarter has become the go-to funding source for serious expeditions and boondoggles alike. And that has some benefactors wanting their cash back. Last May, Andrew Badenoch, a thirtysomething former Internet marketer in Oregon, set off on a 7,000-mile solo expedition from Bellingham, Washington, with a jumbo-tired fat bike and a pack raft. His goal was… Read More
Read more in: Crowdfunding Portals | Tagged fail, fraud, kickstarter
Björk‘s Kickstarter has been canceled. The Awl points out (via Spin) that the campaign launched to fund the Android/Windows versions of her Biophilia app is no longer. It’s not so much that it fell short of its funding goal; rather, it was cancelled. The project stalled nearly three weeks before its February 27 complete date, reaching £15,370 of its £375,000 goal. A message to backers… Read More
Read more in: Offerings | Tagged android, bjork, fail, kickstarter, windows 8
On November 13, 2012, my company launched on Kickstarter. Thirty days later, on December 13, 2013, our Kickstarter campaign closed, with $125,588 raised from 1,601 backers. Because we had a funding threshold of $250,000, that means that the campaign was unsuccessful; credit cards will not be charged, and in a way, it’s as if the… Read More
Read more in: Offerings, Strategy | Tagged fail, kickstarter, spark devices
Neil Singh didn’t understand Kickstarter or rewards-based crowdfunding when he donated to the Hanfree campaign in late 2011. He isn’t alone. This kind of crowdfunding isn’t anything like your typical preorder. If you were to land on a Kickstarter campaign page without having any experience in crowdfunding, you may assume your “purchase” is guaranteed. It isn’t…. Read More
Read more in: Featured Headlines, Offerings, Opinion | Tagged fail, hanfree, kickstarter, neil singh, rewards, seth quest
This article is part two in a series on entrepreneurship and access to capital. I recently talked to Richard Seline, Principal of Global NextGen Advisors, who just spoke at the Crowdfund Texas conference. He also offers support to the entrepreneurial community through his organization, Competitive Texas. As crowdfunding rules are being finalized, there is an entire industry waiting to meet… Read More
Read more in: Crowdfunding Portals, Featured Headlines, Opinion | Tagged competitive texas, crowdfund texas, crowdfundtx, fail, global nextgenadvisors, jobs act, richard seline
When I first saw the horrific images on television a week ago Friday… Twenty young kids shot and killed in their classroom, I froze. I was speechless. I felt helpless. All I wanted to do was to muster up a superpower and teleport over to that elementary school in Newtown, CT, and bring them back… Read More
Read more in: General News | Tagged charity, crowdtilt, fail, newtown
After journalist Noreen Malone’s controversial essay in The New Republic entitled “The False Promise of Kickstarter: Fund Me, I’m Useless” made its way through all the usual crowdfunding channels, a predictable kerfuffle ensued among crowdfunding enthusiasts that basically cast Malone as a bit of a nudge. She is not the boss of how we spend… Read More
Read more in: Featured Headlines, Opinion | Tagged fail, kickstarter, noreen malone
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