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Old Mar 21st, 2011, 05:54 PM   #1
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Crowdsourcing venture capital: Kickstarter

I heard about this project on a tech podcast I listen to.

I thought that some of the creative and energetic people on ehMac could find some use out of it to steam your projects along.

Here is the link:Kickstarter

Come back to this thread with a link to your project if you set one up!
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Old Mar 21st, 2011, 06:30 PM   #2
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I think Kickstarter is currently US only for projects (Intrnls can fund a project). I know of one who successfully worked around by having a US sponsor or partner or something like that to fund a record.

Found this project a few days ago for an iPad App, hope the overfunding brings the App to the Mac too.
Anyone interested in graphic design, printing, and letterpress would probably find this amusing-

LetterMpress: A Virtual Letterpress on Your iPad by John Bonadies — Kickstarter
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Old Mar 21st, 2011, 06:38 PM   #3
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I pledged a donation for letterpress. Such a cool idea.
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Old Mar 21st, 2011, 08:28 PM   #4
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Personally speaking, I'm quite opposed to venture capital when it comes to software start ups.
I'd pick and recommend bootstrapping over VC every time. It's not just about the money, its about the mindset.

A bootstrapped company is out to make money from day 1. There is no cushion.
You're highly motivated to make it happen. It's all the right stresses and motivators.
Make money or quit.

I'm working on a project like that right now with a friend. We both have day jobs, and are doing this on the side. If someone came to me and offered funding I'd say no. It would hurt us more than it would help.

If you're thinking of a software startup, you need to check out 37signals.
Watch some of the videos on business: Presentations, Keynotes, and Interviews with 37signals
And read Getting Real. Getting Real: The Book by 37signals

Cheers!

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Old Mar 21st, 2011, 08:33 PM   #5
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Nick,

This isn't conventional venture capital. Check it out, it's a really good idea. You wouldn't have investors breathing down your neck for returns.
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Old Mar 21st, 2011, 08:33 PM   #6
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For the videos about, here's where I'd start:
1: David Heinemeier Hansson of 37signals at Startup School 2008
2: Jason Fried of 37signals the University of Chicago Booth School of Business

Last edited by Nick; Mar 21st, 2011 at 09:21 PM.
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Old Mar 21st, 2011, 09:35 PM   #7
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Nick,
This isn't conventional venture capital. Check it out, it's a really good idea. You wouldn't have investors breathing down your neck for returns.
I just spent some time looking into it. A few things strike me. For most of those people it's not about the money. Most people can come up with $2500 or whatever to start their business.

I think the bigger thing it offers is people. You are engage lots of people early on. You can build anticipation for you're product. When you do launch you now have a few hundred advocates for your product, who will talk about, tweet it, facebook it.

I think that's were the value is. Just make sure you still spend lots of time building your product and working on, and not talking about it. I could see it easy to get distracted.
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