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Monday, March 28, 2011

KickStarter.com

Found this cool new site: KickStarter.com which helps budding entrepreneurs raise $ for projects.  Typically these are small funded operations (less than $100K) that would be difficult to obtain financing elsewhere.  Funding can come from anyone willing to donate to the project (usually in return for a product or goodie) The funding doesn't kick in unless a funding hurdle is met in an allotted amount of time ...thereby reducing the chances that your $ is wasted on projects that can get "off the ground"

Definitely this is a platform that has positive network effects. There are a few projects of mine I've had trouble getting off the ground so perhaps you might see one or two of mine on there soon. Though some of the projects are of limited commercial value and limited scope (not every project is going to be the source of a new company) some are just for fun: http://www.kickstarter.com/projects/andrewhyde/monster-records-laser-cut-vinyl-record-puzzles?ref=spotlight

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