No, it does not. That is an inflammatory statement and demonstrably false.
crowdfunding has an inherent ingredient of dishonesty built in,
People need to understand that crowdfunding is not the same as ordering goods or services. It is effectively a donation or investment. There is simply nothing to be gained by saying "I disagree". Them's the terms and conditions. That is exactly what crowdfunding is. Donating to or investing in a new endeavour in the hope that it comes to fruition.
I am fully prepared to believe that some entities who organise crowdfunding projects are more honest than others. Some may be honest but naive. Some are honest but face bad luck.
As long as one reads the information carefully and understands that this is a donation and not an order, I don't have any issue with it. I have contributed to a few and seen at least something happen and make it to market, even if it wasn't the product initially hoped for. But I contribute what I can afford to lose, in the hope that my little bit will be joined by thousands of other small contributors and perhaps a handful of larger ones to give the project the best chance of success.
Whether you are an enthusiastic amateur, a start-up company or an existing company....you need to fund the R&D to bring a new product to market somehow. For those at the smaller end, the individuals and the small businesses a crowdfunding campaign may well be the only feasible way to achieve this. I know lots of musicians who crowdfund recording of albums because they don't have a record deal. It runs into thousands, can easily be tens of thousands even if the band is able to do the mixing and mastering themselves. These are guys who don't have the backing of record labels and the only way to get the music recorded and released is to gather up most of the associated costs in advance by a crowdfund campaign. It's the same with niche within niche photo products.
I do think that the people who complain they've been fleeced or conned are generally bleating. Except in a very small number of cases where the organiser was actually dishonest, took the money and ran without even trying to develop a product.
It is effectively a donation or investment. [...] Donating to or investing in a new endeavour in the hope that it comes to fruition.
You get asset in investment. Some people even call buying a car as investment even though they're losing money but they do have residual value.
Sometimes the Emperor has no clothes.Investment literally means to put clothes on....
Not everyone sees what I see, but crowdfunding has an inherent ingredient of dishonesty built in, and fine print makes it legal.
There are differences between investments and investments designed to give a particular type of return.
I invest a lot of time and effort into Photrio. No real financial benefits, other than a few small sales.
Lots of benefits in return though - the non-financial types, of course.
Intangible asset, still an asset.
There are differences between investments and investments designed to give a particular type of return.
I invest a lot of time and effort into Photrio. No real financial benefits, other than a few small sales.
Lots of benefits in return though - the non-financial types, of course.
You're investing time and money into an effort which may or may not yield a product at the end of it.
Read the details. Decide if the project seems viable.
So the fact that you think you are supporting something of use or value to you should fall into that category.
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