2. What is a Kickstarter?
To understand what kickstarter is
you need to know what crowd
funding is.
3. Crowdfuning is generally defined as “the practice of
funding a project or venture by raising many small
amounts of money from a large number of people,
typically via the Internet.”
4. Kickstarter is a funding platform for creative
projects. Everything from films, games, and
music to art, design, and technology. Kickstarter
is full of ambitious, innovative, and imaginative
projects that are brought to life through the
direct support of people like you!
9. Well simply put, most of us don’t have
enough time for work that puts food on
the table and pursue an idea that requires
full time dedication. The only options
available at this point are to either forget
about it or to obtain funding for your
idea/project.
10. Historically speaking the main way to do this has
been to go to an investor and convince them that
your idea is better than the competition and that
they should invest in you to help make your idea a
reality so that you may both profit from it.
11. Easier Said,
Than Done.Every investment has a chance
to fail meaning no matter what
the idea or project, there is
always risk associated, and with
all the competition around the
odds of your particular project
receiving funding is low.
12.
13. That’s where kickstarter comes in, instead of getting all the money
from a single investor it lets the public vote with their money and
essentially allows the supporters to take very little risk by donating a
small sum of money to aid in the financial aspect of a project and
with so many people on the web and anyone being able to donate it
allows for limitless funding.
14.
15. Although the concept of crowd funding has been
around for a long time with the signing of the JOBS
act it has only recently been recognized as a new
industry.
16. However, this is generally
uncharted territory in regards to
law. There have two been legal
disputes involving kickstarter.
17. Amazing ideas have come to realization because of
kickstarter and this is just the beginning as crowd
funding gains more popularity the chance for larger
scale projects will grow.
