AmbientShade opened this issue on Mar 14, 2012 · 453 posts
AmbientShade posted Sun, 21 September 2014 at 6:03 PM
Quote - When someone puts up money in the development phase he's either an owner to some degree or He's a mark Cause he's aint a client, a user or a customer
No, that's not how kickstarter works. It's crowd-source funding. People interested in the project pay a certain amount up front, towards the total amount needed for the project to be completed, and receive certain incentives or special gifts based on the amount they pay towards the total cost. A reward level can be as little as $1, or as much as whatever the project's creator(s) set them at. The rewards offered generally correspond to the amount sponsored.
If the minimum funding of the entire project amount isn't reached by a certain deadline (I think it's 45 days on average), then no one pays anything or is owed anything. But if the project is fully funded, then they get their reward level when the project is complete. (there's no maximum funding - people can still pledge money even after the project has been funded, as long as there is still active days left on the ticker).
None of the sponsors paying own any rights to the project (unless those rights are granted by some level of the sponsor rewards, which would be determined by the project's creator). They're only entitled to what their level reward offers them.
So basically it's like pre-ordering, and has the advantage that the sponsors get access to the project's end result before anyone else does, along with whatever else is offered them by the person/people/group that are working on the project.
Any manner of rewards can be set up, it just depends on what the project is and what it's creators are willing or able to offer.
But anyway, if I do go with kickstarter, I want to make sure he is at a more advanced stage than he currently is, to attract more interest, cause kickstarter campaigns are time-sensitive. They don't just run on endlessly. But they can be relaunched if they weren't fully funded the first time.