Kickstart It

Long-Awaited Kickstarter Canned as Creators Fail to Explain How They’ll Invent Magical Color Scanning Pen

It seems to be working?(Image via Kickstarter)

Word of an up-and-coming campaign for a pen that would scan and instantly reproduce colors excited crowdfunding fans and artists alike earlier this summer.

After numerous delays, the Scribble campaign finally launched earlier this week, only to be pulled by its creators two days later after both backers and Kickstarter began raising questions. After all, it wasn’t clear exactly how the pen was taking colors from objects in the environment and changing the pen’s ink. Read More

The Equity of the Crowds

Projects on Kickstarter Four Times More Likely to Get VC Funding Than Indiegogo Campaigns

(Photo via Espen Sundve)

Crowdfunding began as a cool way for your college roommate to raise money to finally record his first album, but has quickly gone on to be a bigger part of how the tech industry does business.

CB Insights, a research analytics firm that bills itself as the “OkCupid for venture vapitalists,” has released the first study of crowdfunding’s growing role as a serious part of the tech business. The survey took a look at every crowdfunded tech hardware project on either Indiegogo or Kickstarter, which came out to 443 projects. Read More

The Equity of the Crowds

Indiegogo CEO Says New Crowdfunding Laws ‘Will Totally Change the World’

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Quick, who is the first name you think of when someone says crowdfunding? We bet it’s Kickstarter. That name has become synonymous with using the crowd to fund projects that would otherwise never see the light of day. But the truth is, crowdfunding really owes its roots to Indiegogo.

They may not have the same notoriety, but Indiegogo CEO and cofounder Slava Rubin is having a great year. They’ve rebranded the site, raised a $40 million Series B, and as of this morning, launched their new mobile app. Read More

Kickstart It

Man Reveals Mystery Product Behind Genius Blind Crowdfunding Campaign

Mr. Bishop. (Facebook)

The week-long anticipation is finally over. Jordan Bishop, the Toronto man behind the Internet’s first blind crowdfunding campaign, has finally revealed his mystery product: greeting cards.

Mr. Bishop launched the crazy — but also genius — Crowdtilt campaign last Wednesday, wherein he proclaimed, “I’m going to do something I’ve never seen done before: I’m going to sell you my product before I tell you what it is.” Read More

Kickstart It

Crowdfunding For Invisible Product Takes Off, Potato Salad Suddenly Seems Worthwhile

Mr. Bishop: crazy, brilliant, or both? (Facebook)

“I’m going to do something I’ve never seen done before,” Jordan Bishop wrote in a Medium post on Wednesday. “I’m going to sell you my product before I tell you what it is.”

Mr. Bishop is the founder of what he claims is the Internet’s first blind crowdfunding campaign, which launched Wednesday. To clarify, Mr. Bishop is asking the Internet to buy his product without even telling people what, exactly, they’re paying for. Read More

Off the Media

Skimming Off The Top: Social Giving Sites Take a Huge Cut Of The Check

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Last week, a friend from elementary school’s house burned down. She lost everything. Since they were renters, none of the stuff in the house was insured. Worse yet, it was the cherry on top of an already heartbreaking week in which her little dog had been killed by another dog.

Due to the marvel of social media and social tools, another friend immediately set up a campaign with the site Give Forward to raise $12,000 for a “Start From Scratch Fund” on my friend’s behalf. Almost immediately, the first $10,000 was raised. Read More