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Kickstarter Kick Starter Venture Capital Program Kickstarter is a losing, dead-end scenario Online Internet
Dear Kickstarter and their projects,
Well, I must start off by saying that the idea of Kickstarter intrigued me a, and the idea seemed to be a good one, I have become disillusioned with the whole idea after my experiences with it. I have backed three products in my time here, and must say that as of right now, none of the three are in my hands in working order.
My first product was the AdTrap product that promised us an ad free internet. The product was shipped (although a little late) and I did receive it. It did work when I first installed it, but the company seems to have disappeared 6 - 9 months ago. This product, as it is no longer being produced or supported, has found it’s way to the re-cyclers. So in effect, a non-product.
I have backed the ZNAPS project as well. This product received more than 3 million dollars from backers, but after a year we are still waiting for a product to be developed, never mind working and shipped. I have also backed the Kepler wallet. It has also been a year for this product with nothing being shipped and received.
For me, a success rate of .5 out of 3 is not good enough of a completion percentage. (In effect it is 0 out of three, but I will give AdTrap 1/2 a point for at least getting a product out, but they loose 1/2 for disappearing after a few months).
I can tell all these projects that they have done such a job that I can no longer be a “venture capitalist” for any more of these speculative, hypothetical, ideas. I will now be a regular customer for any future product that I am interested in. If it is not on the store shelf, I will no longer be spending my money. It was earned too hard, and can no long be in someone else’s bank account for years.
Thanks.