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RE: Is Kickstarter Doomed? (spoiler: it is not)

in #crowdfunding7 years ago (edited)

Ok that is an important observation. So in Kickstarter people are investing by ordering the future product.
So the platform offering is a way to charge the customer only when the product is delivered. Is that enough value? Where is the funding for the platform coming from? Ah from the users and the producers. Now they can bypass and use a free platform, and even zero the transaction cost. Will they pay for some 3rd party to be reliable for the transaction? Why is the 3rd party trust worthy? Now you have a universal community with monetary based reputation. I think kickstarter model is obsolete. Again they might still profit, but they are sucking value and not contributing anymore.