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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 like the idea, but so far I have not participated in either looking for money or sending support.

     

    I did do an advanced purchase of the MyCNC kit as they had already met thier funding goal.

     

    This approach is a good way for people who have an idea and want to find out its appeal to the community.  After all, if you cannot get funding from peers, then your idea may not be as good as you initially thought.

     

    So I hope this approach continues to work out for new ideas.  Who knows, I may have an idea worthy of trying to build someday.

     

    Thanks

    DAB

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  • I like the idea, but so far I have not participated in either looking for money or sending support.

     

    I did do an advanced purchase of the MyCNC kit as they had already met thier funding goal.

     

    This approach is a good way for people who have an idea and want to find out its appeal to the community.  After all, if you cannot get funding from peers, then your idea may not be as good as you initially thought.

     

    So I hope this approach continues to work out for new ideas.  Who knows, I may have an idea worthy of trying to build someday.

     

    Thanks

    DAB

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