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Crowd Funding Trend - What are your thoughts?

nlarson

Greetings Open Source Hardware Members!

 

Recently I found an article on Embedded.com around a trend of using crowd funding sites (Indigogo, Kickstarter) to help pay for new product development and curious to hear your thoughts.  Have you tried it?  Have you funded someone's project?  Do think the trend will take off or fade away?

 

http://www.embedded.com/electronics-blogs/cole-bin/4398050/Crowd-funding--a-new-way-to-finance-high-tech-

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  • I think it's great and it gives the little guy a good way to get their foot in the door without the need for a loan or that micro-managed investor. However,....

     

    1. I believe most of the those funded will shortly fade away after funding. It takes a lot to stay on the cutting edge in this high tech world.

    2. Personally I think crowd sourcing should be for the individuals and very small business out there that can not fund the project on their own. I don't like it when I see well established corporations asking for crowd source when that company can easily foot the development bill. At that point all they are doing is asking for a non-obligated pre-order. If it's a business listing, then they should be obligated to deliver. I think it's a bit too easy for this to be taken advantage of.

    3. Althoug I feel it will become harder to gain funding, crowd sourcing here to stay.

Reply

  • I think it's great and it gives the little guy a good way to get their foot in the door without the need for a loan or that micro-managed investor. However,....

     

    1. I believe most of the those funded will shortly fade away after funding. It takes a lot to stay on the cutting edge in this high tech world.

    2. Personally I think crowd sourcing should be for the individuals and very small business out there that can not fund the project on their own. I don't like it when I see well established corporations asking for crowd source when that company can easily foot the development bill. At that point all they are doing is asking for a non-obligated pre-order. If it's a business listing, then they should be obligated to deliver. I think it's a bit too easy for this to be taken advantage of.

    3. Althoug I feel it will become harder to gain funding, crowd sourcing here to stay.

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