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Jaymai Alford photo
France, Paris
1 Level
717 Review
38 Karma

Review on Bergfurst by Jaymai Alford

Revainrating 1 out of 5

The crowdfunding platform Kickstarter is a bit complicated.

It is a little complicated. You can raise funding with a certain number of participants and the maximum amount of each investment is defined. At least I understood that correctly. If you don't get enough interest in your project you will receive no money. However, you will receive some of the funds you had allocated for it. But in any case you should use your own capital (the amount of money you've raised). Otherwise, the platform has a special feature for startups who want to raise additional funding, called a Super Project. This is an option where you can raise additional funding and are given shares instead of cash. I would like to have seen more transparency about this when creating a new project. After all, there are differences between the two types of financing. One thing that I found interesting was that you have to pay fees even if you don't manage to collect the minimum amount per person. Even though the platform gives you a deadline for collecting the minimum, you have to pay fees anyway.

Pros
  • In theory it's not possible to create an idea for free
  • Therefore, it may take longer before someone else makes the same idea as you.
  • You can find out about whether there are already investors interested in your idea or whether it's a good idea for you and how much you stand to gain from the project
Cons
  • There are a few pages that load slowly, such as the Idea Overview page
  • Only export them to Excel