Kickstarter’s Funded Projects See Some Stumbles, -bloomberg.com/
From the article:
Kickstarter Inc. began in 2009 as a way for entrepreneurs to raise money to get projects off the ground. Though the company’s fundraising platform has been a success, many projects have not.
Brian Patrick Cork: I had 252 people forward me this story today. I can sagely say, “I told you so” to the 41 people that came after me when I posted, is Kickstarter and crowd funding illegal? (http://lnkd.in/FJV7_p ) back in May. But, let’s wait until specific stories around abuse and when the Feds knock on the door – and, they will.
When it comes to capital formation, you can’t define “success” simply by the act of raising money. And, that is precisely what many entrepreneurs do. You have to reward investors and be accountable, not just buy new computers and payoff your mortgage (AM).
Nobody is entitled to other peoples money. And, there is not “easy button” when it comes to raising capital – even for inspired leadership driving innovative products and services.
Let’s be part of the Solution.
brian patrick cork