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84% of the top 50 Kickstarter projects missed their initial shipping date

By Shawn Knight
Dec 18, 2012
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  1. Kickstarter has successfully changed the way that thousands of inventors seek funding for their projects and in some cases, it's given the average person an avenue to offer feedback and insight on a particular product well before it reaches manufacturing....

    Read more
     
  2. Nima304

    Nima304 TS Enthusiast Posts: 309   +37

    It's not surprising. Once developers have money in their hands, especially if it's a lot of money, they normally find it difficult to motivate themselves to create something that'll make them close to the same amount of money.
     
  3. Timonius

    Timonius TS Guru Posts: 587   +34

    Interesting. I would really like to see a more comprehensive analysis. In the long run can one really trust any of the Kickstarter campaigns?
     
  4. Far too many people think executing an idea can happen overnight. I assure you this does NOT happen. It can sometimes takes years to execute a good idea, and financing is only one piece of the puzzle. If you factor in the variuos pieces that are a part of a product--such as manufacturing, marketing, branding, design, shipping, warehousing, etc.--it's a wonder when even the most experienced entrepreneur hits their target date dead-on.

    Just remember that quality comes from a "when it's done" philosophy. Target dates make for nice motivators and help keep things on-track...but they should never be used as a reason to launch a product when it's not ready--regardless of whether it's backed by social investors or Bill Gates.

    A bad product isn't worth a second of my time these days. ;)
     
    davislane1 and Timonius like this.
  5. davislane1

    davislane1 TS Evangelist Posts: 1,599   +628

    Business 101.
     
  6. PinothyJ

    PinothyJ TS Enthusiast Posts: 429   +15

    This is why I hate KS. The reason you GO down tradition paths is because you NEED TO. You are a great designer, you are NOT a business manager or accountant or logistics manager or heavens knows what else.

    It is alarming how many high-funded KS campaigns end up being lacklustre...
     
  7. davislane1

    davislane1 TS Evangelist Posts: 1,599   +628

    Most startups end in failure, so it should be expected that most funded KS projects fall short or fail also. You need more than just creativity to make an idea successful, you need the management and financial skills that are necessary to keep the ball rolling in the right direction, as you mentioned. Making people go down the traditional paths won't change that. From what I know of the organization, their business model just reduces some of the risk involved with trying to market a new product, so KS enabling would-be entrepreneurs to cut a few corners isn't necessarily a bad thing (although, it isn't necessarily good either). Will a lot of people get a stiff dose of reality? Absolutely. But it also provides people who do have the necessary skill sets an opportunity to make their ideas happen without having to jump quite as many hurdles (which can be pretty large in film and music).
     


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