So I call Kickstarter co-founder Yancey Strickler, and ask: What if Uhrman isn’t able to deliver the consoles? Would Kickstarter get involved?
“You know, that would be new ground,” he says. “I don’t know. I mean, no, I don’t think that we would. But certainly, the kind of thing you’re talking about is not a bridge that has been crossed yet. Someday it will. And you know, I think if something did go awry, it would be — it wouldn’t be my favorite day.”
Whoa, back up. After all the hype I’ve been hearing about Kickstarter, I had no idea they had such an incompetent person at the helm. Even if “crossing that bridge” is official company policy, you shouldn’t say it out loud. Regardless of whether I think the world needs another iPhone case, graphic novel, or farm-to-table Podcast, they are still dealing with intellectual property.
I find most of the stuff on the site contrived, and pointless, but there are some cool and worthwhile projects (think SparkTruck). However, I wouldn’t invest in any of them.
VCs will tell you, they don’t fund ideas, they invest in people. They also know there’s a chance they could lose their entire investment. If Kickstarter wants to be funding platform, that should be part of their message even if it might put a damper on things. Until then, they’re just a marketplace for ideas and ideas are cheap. Implementation is where the money is at.
Crowd funding is compelling. I think it’ll come into it’s own like e-commerce. When it does, I just don’t think it’ll look like Kickstarter.