Expensive side dish...

[LogGrad98]

https://www.forbes.com/sites/johngr...salad-kickstarter-campaign-raises-over-41000/

With the 4th of July around the corner, Zack Brown had potato salad on his mind. As any enterprising entrepreneur would do, he initiated a Kickstarter campaign with the goal of raising $10.

His appeal is written in a hilarious, deadpan style. For instance, he notes in the Risks section of his campaign that, “It might not be that good. It’s my first potato salad.” At the time I am writing this, he has enticed over 4,100 backers to commit more than $43,000, and counting.

My question, can he just keep the money? How in the hell would that work? And are we now going to see a lot of copy-cat campaigns? I need $20 for some burgers.

 

[QuinSnydersHair]

https://www.forbes.com/sites/johngr...salad-kickstarter-campaign-raises-over-41000/



My question, can he just keep the money? How in the hell would that work? And are we now going to see a lot of copy-cat campaigns? I need $20 for some burgers.

**** bro, I'm about to do this for my kid. Needed: Money for my kid's future college tuition.

 

[Witty Username]

Potato Salad crowd source is basically a meta presentation of itself as a blind gathering of people DONATING money to projects on sites like Kickstarter, and being ultimately confused at why the project never panned out. I attest that either A) the 'CEOs' of these project companies are either completely oblivious to drumming up investing, or B) utter frauds. You're not investing- and if you think you are, you are wrong. If the product possibly becomes a success and the organization makes a billion dollars, you won't get any money. If the company takes all the funds and pays its employees and then fails and disbands, then you still lose your money.

I read somewhere that over 80% of Kickstarter campaigns fail. There was a gadget that made its way on there that used biometrics to house password and username information inside a USB dongle. The project received 10x the funds it set out for. The company released buggy prototypes, completely changed the hardware/software architecture, squandered the rest of its resources, and then laid off its workforce. Basically, a project mounted to a massive lapse in experience and actually knowledge of gestating a startup. But with their Kickstarter Web 3.0 crowd, they were able to pay themselves despite monumental fails during the project.

I think these types of ideologies and services set bad precedences for true entrepreneurial concepts out there. Instead of an idea and designer failing on their own dime, they're essentially playing with monopoly money; and thus, not learning lessons from failures.

 

[One Brow]

https://www.forbes.com/sites/johngr...salad-kickstarter-campaign-raises-over-41000/



My question, can he just keep the money? How in the hell would that work? And are we now going to see a lot of copy-cat campaigns? I need $20 for some burgers.

Kickstarter allows in a few of these campaigns as jokes, but I don't think they'll allow themselves to get swamped by them.