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Crowdfunding!?!
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Posted 4/13/14 , edited 4/13/14


"Crowdfunding is the collection of finance to sustain an initiative from a large pool of backers—the "crowd"—usually made online by means of a web platform. The initiative could be a nonprofit campaign (e.g. to raise funds for a school or social service organization), a political campaign (to support a candidate or political party), a philanthropic campaign (e.g. for emergency funds for an ill person or to produce an emerging artist), a commercial campaign (e.g. to create and sell a new product) or a financing campaign for a start-up company." - Wikipedia

What do you think about crowdfunding?


I like crowdfunding when used right... And what I mean by that is that there's a few cases where the people who started a campaign on services like Kickstarter has just taken the money they got whiteout delivering the product that they promised that they would deliver. Therefore I'm only supporting Kickstarter campaigns from known people and companies that are trust worthy!

Also, I like how crowdfunding can bring products to the market that would otherwise never have existed since investors wouldn't take the risk to support such products.

Have you ever supported a crowdfunding project, if so then what was it and why do you believe that it was a good choice to support that campaign!?!


Currently I've only backed Mighty No. 9 and VGHS season 3. The reason why I supported the Mighty No. 9 campaign is simply because I've always been a fan of Kanji Inafune's work, I trust him since if he took all the money just like that then there would be a HUGE scandal in the gaming media. I've also supported VHGS season 3 and the reason for supporting that campaign is because after the ending of the last (2nd) season I just want to know what happens next.

Mighty No. 9
VGHS season 3
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Posted 4/13/14
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Posted 4/13/14
Yeah there is a lot that can go wrong with crowdfunding(such as scamming) but I think when done right it allows for the opportunity to create new video games, shows, whatever.

It also seems that a lot of people who have their projects crowdfunded lack the initiative to deliver what they promised.
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Posted 4/13/14 , edited 4/13/14

FrigidLife wrote:

It also seems that a lot of people who have their projects crowdfunded lack the initiative to deliver what they promised.


And that's why I only support crowdfunding campaigns from known people who CAN deliver of their promises!





Please explain to me... How is crowdfunding communism!?!
Posted 4/13/14
Never heard of it. How much did you put in?
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Posted 4/13/14

Sychop wrote:

Never heard of it. How much did you put in?


60$ for mighty no. 9 and 15$ for VGHS season 3
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Posted 4/13/14

TheOmegaForce70941 wrote:

And that's why I only support crowdfunding campaigns from known people who CAN deliver of their promises!


Yeah. But there is times where campaigns work and where they don't work, even if they come from known people.

It's sort of a gamble.


Posted 4/13/14

TheOmegaForce70941 wrote:


Sychop wrote:

Never heard of it. How much did you put in?


60$ for mighty no. 9 and 15$ for VGHS season 3


And it's for non-profit organizations... sounds good.
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Posted 4/13/14 , edited 4/13/14
It's a good idea in practice but open to all sorts of abuse. It's just the same as investment in finance and buying shares except there is no chance of you making actual money from it. You put some of your money into a project that sounds good so in future you can get something from it and if it crashes then tough your money is gone.

For some things i think it's worthwhile when people can help fund something that is really cool that would not have been able to get off the ground otherwise. And other times i see egotistical pricks like that Fred guy who makes Megatokyo talk their fans into handing over hundreds of thousands of dollars to make a dating sim where he is the star and gets to make tons of idols and high school girls in Japan fall in love with him. Besides this is the guy who takes a month to make one scribbly comic page do you ever thing he's going to actually get a game made with all that money?
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Posted 4/13/14

TheOmegaForce70941 wrote:


FrigidLife wrote:

It also seems that a lot of people who have their projects crowdfunded lack the initiative to deliver what they promised.


And that's why I only support crowdfunding campaigns from known people who CAN deliver of their promises!





Please explain to me... How is crowdfunding communism!?!


Everything is communist.
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Posted 4/13/14

MrMoondoggie wrote:

It's a good idea in practice but open to all sorts of abuse. It's just the same as investment in finance and buying shares except there is no chance of you making actual money from it. You put some of your money into a project that sounds good so in future you can get something from it and if it crashes then tough your money is gone.

For some things i think it's worthwhile when people can help fund something that is really cool that would not have been able to get off the ground otherwise. And other times i see egotistical pricks like that Fred guy who makes Megatokyo talk their fans into handing over hundreds of thousands of dollars to make a dating sim where he is the star and gets to make tons of idols and high school girls in Japan fall in love with him. Besides this is the guy who takes a month to make one scribbly comic page do you ever thing he's going to actually get a game made with all that money?


If your on a crowdfunding page for a project on Kickstarter then they won't take any money from your card unless the campaign was successful... However on indiegogo it's almost impossible to get your money back once you've backed something on that service.
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Posted 4/13/14

TheOmegaForce70941 wrote:


MrMoondoggie wrote:

It's a good idea in practice but open to all sorts of abuse. It's just the same as investment in finance and buying shares except there is no chance of you making actual money from it. You put some of your money into a project that sounds good so in future you can get something from it and if it crashes then tough your money is gone.

For some things i think it's worthwhile when people can help fund something that is really cool that would not have been able to get off the ground otherwise. And other times i see egotistical pricks like that Fred guy who makes Megatokyo talk their fans into handing over hundreds of thousands of dollars to make a dating sim where he is the star and gets to make tons of idols and high school girls in Japan fall in love with him. Besides this is the guy who takes a month to make one scribbly comic page do you ever thing he's going to actually get a game made with all that money?


If your on a crowdfunding page for a project on Kickstarter then they won't take any money from your card unless the campaign was successful... However on indiegogo it's almost impossible to get your money back once you've backed something on that service.


Well it's good they have those safeguards in place but i wonder what constitutes success? Surely they are raising money so they can make the project so are they really going to only take money from you after it's finished? I dunno but i like when crowdfunding is used for worthwhile things like charities and giving to others and not just to stroke a persons ego. I think the one Kickstarter i saw that made me really question the human race is some youtuber girl who was asking people to pay for a holiday in Japan for her XD.
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Posted 4/13/14 , edited 4/13/14
I'd love the japanese gaming industrie to jump on the crowdfunding train for localized versions of all those aweseome games that never make it west :/
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Posted 4/13/14
One of the biggest safeguards I've seen on Kickstarter are the people themselves. A lot of folks take the effort to research the companies they sponsor and when they find something fishy they tend to talk about it. There have been several scam projects that were exposed simply because people decided to look into it. One that comes to mind was Kobe beef jerky. That one very nearly got funded until several of the backers started pointing out inconsistencies in what the people doing the project were saying. Kickstarter started their own investigation based on those concerns and closed the project only hours before it was complete when they discovered it was most likely a scam and saved a lot of people from loosing their money.

I've personally backed quite a few projects including some Anime ones like Kickheart, Little Witch Academia 2 and a few others. I think it's a fantastic model for creative projects that might not get done if they tried to fund them through channels that are more focused on end profits. It's also a great business model for smaller companies.


One of the most successful Kickstarters I've seen was Bones by Reaper miniatures. Reaper is a company that has been around for a long time, making miniature figures for table top role playing games like D&D. They have a new process for creating plastic figs. Good quality and much more affordable than metal ones. Not display piece quality but great for everyday gaming. Thing is making the molds is exorbitantly expensive. Under traditional methods they could afford to make about 30 new molds a year, but they took a shot and tried a kickstarter. Was amazingly successful. Not only did they expand the line by hundreds of figs but they made enough to get a machine for their main office allowing them to move some of their future manufacturing from China, where most of these things get done these days, to Texas.

Now I just have to finish painting all the miniatures I got for backing the project
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Posted 4/13/14

MrMoondoggie wrote:



I think the one Kickstarter i saw that made me really question the human race is some youtuber girl who was asking people to pay for a holiday in Japan for her XD.


That doesn't sound like Kickstarter at all since you must get permission by the once that hold Kickstarter to get your Kickstarter up on their site!

However, I wouldn't be surprised if that was on Indiegogo since I've seen people trying to get new computers and all kind of random shit out of that service!
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