6 Kickstarter nightmares, and how to prevent them

November 05, 2012

For tens of thousands of entrepreneurs frustrated by Washington’s arcane legal rules for raising business capital, Kickstarter has been nothing short of a red-tape weed whacker. The crowd-funding website lets individual investors pledge money directly to inventors and artists, handily upending the complex and often impossible process of raising financing one person at a time. If you succeed, that is. Since its launch in 2009, Kickstarter has hosted more than 76,000 projects. About 32,000 of them, or 44 percent, have been successfully funded, with a total of $345 million raised. The road to success on Kickstarter is far from assured, and third-party statistics show that Kickstarter projects have about a 41 percent failure rate. And that’s only counting projects that Kickstarter accepts. Countless additional projects have never even made it off the launching pad. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2013400/6-kickstarter-nightmares-and-how-to-prevent-them.html