Best Kickstarter ever?

[IrishInFl]

https://www.kickstarter.com/projects/324283889/potato-salad

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[IrishInFl]

http://www.buzzfeed.com/robynwilder/potato-salad-kickstarter

 

[Rhode Irish]

Anyone that gave this guy money should go to jail.

 

[IrishSteelhead]

Anyone that gave this guy money should go to jail.

I have never heard of this site before. Do people just pledge money to help others fund VC projects? Do donations go through Paypal? Is it like that show "Sharktank" where people can buy a cut of the profits if it takes off?

*Sorry for so many questions, I'm just really intrigued by this now.

 

[Buster Bluth]

Anyone that gave this guy money should go to hell.

FTFY

 

[IrishInFl]

BTW, he has over $27,000 pledged, up $10,000 in the last hour.

 

[Rhode Irish]

FTFY

Yes that, too.

 

[IrishSteelhead]

After more reading/research, some people are pissed (example: "I only got $155 to go back to school, this is bullshit"). Sure people who gave this guy money are buffoons, but the attitude "my cause was legitimate, and complete strangers didn't give me money" is sickening. I must be monumentally naive to not know until now people have been using websites like this to beg for money. IMO it is no different than the meth heads you see in gas stations.

 

[Rhode Irish]

After more reading/research, some people are pissed (example: "I only got $155 to go back to school, this is bullshit"). Sure people who gave this guy money are buffoons, but the attitude "my cause was legitimate, and complete strangers didn't give me money" is sickening. I must be monumentally naive to not know until now people have been using websites like this to beg for money. IMO it is no different than the meth heads you see in gas stations.

Yeah for people to feel entitled to other peoples' money is ridiculous, but there are legit causes, on kickstarter and elsewhere, where you could do something decent with money you apparently don't need. Instead you are going to give it to this shithead? I would much prefer to see someone light their cash on fire than give it away to idiots.

 

[IrishSteelhead]

Yeah for people to feel entitled to other peoples' money is ridiculous, but there are legit causes, on kickstarter and elsewhere, where you could do something decent with money you apparently don't need. Instead you are going to give it to this shithead? I would much prefer to see someone light their cash on fire than give it away to idiots.

I agree. No way I'd argue a fucktard offering to make a GD potato salad is worthy of tens of thousands of dollars.

How concrete are the donations on that site? Is it like Ebay, where people drive up a ridiculous amount of bids on something stupid to fuck with the seller and then back out?

 

[gkIrish]

Any of those backers that have children should be fucking ashamed of themselves.

$ that could go to college fund.

 

[Jason Pham]

“The science of government it is my duty to study, more than all other sciences; the arts of legislation and administration and negotiation ought to take the place of, indeed exclude, in a manner, all other arts. I must study politics and war, that our sons may have liberty to study mathematics and philosophy. Our sons ought to study mathematics and philosophy, geography, natural history and naval architecture, navigation, commerce and agriculture in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry and porcelain. Our grandsons ought to study painting, poetry, music, architecture, statuary, tapestry and porcelain in order to give their children a right to learn to make potato salad. And Michigan still sucks.”

― John Adams, Letters of John Adams, Addressed to His Wife

 

[greyhammer90]

I have never heard of this site before. Do people just pledge money to help others fund VC projects? Do donations go through Paypal? Is it like that show "Sharktank" where people can buy a cut of the profits if it takes off?

*Sorry for so many questions, I'm just really intrigued by this now.

If you're a capitalist and want to be horrified, look up the occulus rift kickstarter. Grassroots movement to get a cool piece of video game equipment made, people give these guys money to make a virtual reality device, device gets made using kickstarter funds, device becomes new hot tech, occulus rift gets sold to Facebook for 2 billion dollars. None of the kickstarter investors get a dime, and the future of the project as what was promised has been replaced with whatever Facebook wants.

Kickstarter is an objectively terrible idea that introduces a fuck-ton of moral hazard into a pseudo-capitalist model. It's shit. Don't support it.

 

[IrishInFl]

Apparently people have started to get their head's out of their ass, because the amount of money is trending down.

 

[Black Irish]

If you're a capitalist and want to be horrified, look up the occulus rift kickstarter. Grassroots movement to get a cool piece of video game equipment made, people give these guys money to make a virtual reality device, device gets made using kickstarter funds, device becomes new hot tech, occulus rift gets sold to Facebook for 2 billion dollars. None of the kickstarter investors get a dime, and the future of the project as what was promised has been replaced with whatever Facebook wants.

Kickstarter is an objectively terrible idea that introduces a fuck-ton of moral hazard into a pseudo-capitalist model. It's shit. Don't support it.

True, there are some dumb things out in the crowdfund arena, like this potato salad campaign. But don't throw the baby out with the bath water. There are good, legitimate causes that get funded by crowdfunding. I just donated to a campaign on Indegogo that runs a camp for the children of fallen military members, which I probably never would have heard of otherwise. And for the capitalism aspect, equity crowdfunding is taking off hot, where people can invest rather than donate and get a piece of the action. It may seem dumb, but if people want to give their money to a campaign just so they can get a custom coffee mug or keychain as a reward, hey, it's their money.

 

[dshans]

​

 

[Rhode Irish]

True, there are some dumb things out in the crowdfund arena, like this potato salad campaign. But don't throw the baby out with the bath water. There are good, legitimate causes that get funded by crowdfunding. I just donated to a campaign on Indegogo that runs a camp for the children of fallen military members, which I probably never would have heard of otherwise. And for the capitalism aspect, equity crowdfunding is taking off hot, where people can invest rather than donate and get a piece of the action. It may seem dumb, but if people want to give their money to a campaign just so they can get a custom coffee mug or keychain as a reward, hey, it's their money.

This is the key point to me. If you're looking to help out a good cause (like you did), donating is the way to go. If you're looking to get a new technology or innovation off the ground, you're crazy if you are donating and not investing (as in greyhammer's example). It is shitty that the kickstarter people weren't given a token of appreciation for their donation of seed money, but they were idiots to give the money without getting any shares of the enterprise in return. What did they think was going to happen? If you follow it out to all logical conclusions, either they wasted their money on a failed endeavor or they got ripped off by funding an endeavor without getting any equity or debt in return. Either way, poor planning on their part.

 

[Buster Bluth]

“The science of government it is my duty to study, more than all other sciences; the arts of legislation and administration and negotiation ought to take the place of, indeed exclude, in a manner, all other arts. I must study politics and war, that our sons may have liberty to study mathematics and philosophy. Our sons ought to study mathematics and philosophy, geography, natural history and naval architecture, navigation, commerce and agriculture in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry and porcelain. Our grandsons ought to study painting, poetry, music, architecture, statuary, tapestry and porcelain in order to give their children a right to learn to make potato salad. And Michigan still sucks.”

― John Adams, Letters of John Adams, Addressed to His Wife

Beautiful.