Not Comics: NYT On A Failed Crowdfunding Effort

Here. I'm sure there are 10,000 nasty, maybe titanically convincing arguments in response to the points brought up in that article, but it does cover two things that are always intriguing to me about crowd-funding culture. One is that there's such an overlap of personal favor and commercial transaction that just doesn't mix well at times, like with this one when things go sour. The personal doesn't have to be a part of crowd-funding, but it almost always is.

The other is that there's limited recourse if you feel you got screwed on something. The article puts it like this: "Although Kickstarter's terms of use stipulate that any creators unable to satisfy the terms of their agreement with their backers might be subject to legal action, no sane attorney would initiate a class-action suit on a contingency-fee basis against insolvent creators, and no sane backer would ante up the necessary legal fees." The article describes some other options. But if you toss in the fact that in a lot of cases there's not enough money involved to suffer its pursuit, I think that's where a lot of the failed ones end up.
 
posted 5:25 pm PST | Permalink
 

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