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Indiegogo


Suden
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A post in the Myconids thread about indiegogo got me wondering, so I checked my own track record. I have backed seven projects, and only two have delivered so far. A third is not yet due, the other four are past due, one being nearly two years behind. Of the overdue products, one, a self help book on weight loss has partially delivered and updates have been regular. I think the writer just underestimated how long writing and editing would take. I am optimistic about it anyway. That leaves the other three, which are all film related. Films are notorious though, completed movies have languished on shelves for years, so I knew going in that the deliveries could be slow, or even possibly not happen. Plus, the seriously overdue movie is by Jaime King. I mean come on, who could get mad at her:

Jaime_King.jpg

 

One of the two delivered projects was very late, but the lateness was due to very unforeseen (though not unforeseeable) circumstances. It was the bug-a-salt, and the creator didn't realize a bug killing gun might actually count as a firearm in some places. I had to complete a firearm safety certificate before the gun could be delivered to Canada, and some countries were never able to receive it. This video sold me:

 

The other success (so far) is a feel good project called LuminAID. It is a wonderful idea, and it works great. The best part is my pledge directly lead to a LuminAid being delivered to someone in need, and their company is going strong selling these lights and delivering them around the world. If anyone is interested, you can find out more here: http://www.luminaidlab.com/

 

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I have never pledged on Indiegogo. Maybe because I used Kickstarter first Indiegogo feels sketchy? It's probably just me, but it feels like that the majority of projects on Indiegogo are down-on-their-luck projects with people begging for money. I am sure that the majority of them are legit, but I'm wary of scam artists with things like that. I'm just too cynical, I guess. ^_^

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Indiegogo's payment model bothers me.

 

On Kickstarter you can adjust your pledge up or down, and no money is taken until and unless the project meets its funding goal.

 

On Indiegogo your money is paid as soon as you pledge it. There is no option to adjust the amount down because it's already in their hands. If the project fails to meet its funding goal, the project can still keep the pledgers' money so long as they give Indiegogo itself an extra cut.

 

I have resisted pledging for some otherwise very attractive projects on Indiegogo because of its funding model.

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Indiegogo's payment model bothers me.

 

On Kickstarter you can adjust your pledge up or down, and no money is taken until and unless the project meets its funding goal.

 

On Indiegogo your money is paid as soon as you pledge it. There is no option to adjust the amount down because it's already in their hands. If the project fails to meet its funding goal, the project can still keep the pledgers' money so long as they give Indiegogo itself an extra cut.

 

I have resisted pledging for some otherwise very attractive projects on Indiegogo because of its funding model.

That's not quite accurate, but pretty close. The project keeping the money even if it doesn't make the goal is one option available, the other is similar to the kickstarter model, in that the money is returned if it doesn't meet the goal.

 

Yes, changing your pledge up or down requires direct contact with the organizer which is much more difficult because they do have your money up front. Adding to a pledge is much easier than trying to bail.

 

Remember that Kickstarter is not available to companies in Europe, except for the UK. Its certainly not that they don't want to use Kickstarter instead its that they can't use it.

Edited by Heisler
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