On Sat, 2014-10-04 at 12:58 +0100, peter green wrote:
joem wrote:
On Fri, 2014-10-03 at 17:41 -0400, Christopher Havel wrote:
Flexible funding. That's a little concerning... not necessarily an out-and-out indicator of a scam, but a red flag to me nonetheless.
I am not sure where that comes from.
I was under the impression flex funding implies they had all the resources they needed. So even an order for 1 unit will get built because they are already building it. There is video of working unit.
I thought the whole point of crowdfunding campaigns was to deal with those situations where you had a good idea but needed a minimum ammount of committed funds to make it viable to move forward and where eaither more traditional funding routes had failed or the creator didn't want to give up control.
Flexible funding always strikes me as missing the point of a crowdfunding campaign and treating the crowdfunding site as merely an advertising and preorder site.
Exactly correct but there is a point - and it being that you are starting out but don't have much of a market presence for that new thing and so rely on the crowd to help. Indiegogo is different in allowing that kind of funding model and charge more for the service.