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"All this adds up to a criticism that has been levied at high-profile Kickstarter campaigns before: Crowdfunding is theoretically suppose...

"All this adds up to a criticism that has been levied at high-profile Kickstarter campaigns before: Crowdfunding is theoretically supposed to bolster charities, start-ups, independent artists, small-business owners and other projects that actually need the financial support of the masses to succeed. It’s not supposed to be co-opted by companies with profit motives and private investors of their own … which, despite Burton’s charisma, is exactly what the Rainbow reboot is." Says who? Look, it's a consensual relationship between backers and people looking for crowdfunding. Obviously outright fraud is wrong, but the article isn't alleging that this is anywhere close to that -- everyone agrees that they're asking for money for what they say they want money for. (And corporations with profit motives and outside investors are, oddly enough, a hedge against the biggest problem with crowdfunding -- the risk that the product won't be delivered upon. "[C]harities, start-ups, independent artists, small-business owners" are more likely to fail to deliver than an otherwise successful business that turns to crowdfunding to support a project.)

Posted by cwyers on May 29, 2014, 4:52 PM

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"All this adds up to a criticism that has been levied at high-profile Kickstarter campaigns before: Crowdfunding is theoretically suppose...

cwyersMay 29, 2014, 4:52 PM

"All this adds up to a criticism that has been levied at high-profile Kickstarter campaigns before: Crowdfunding is theoretically supposed to bolster charities, start-ups, independent artists, small-business owners and other projects that actually need the financial support of the masses to succeed. It’s not supposed to be co-opted by companies with profit motives and private investors of their own … which, despite Burton’s charisma, is exactly what the Rainbow reboot is." Says who? Look, it's a consensual relationship between backers and people looking for crowdfunding. Obviously outright fraud is wrong, but the article isn't alleging that this is anywhere close to that -- everyone agrees that they're asking for money for what they say they want money for. (And corporations with profit motives and outside investors are, oddly enough, a hedge against the biggest problem with crowdfunding -- the risk that the product won't be delivered upon. "[C]harities, start-ups, independent artists, small-business owners" are more likely to fail to deliver than an otherwise successful business that turns to crowdfunding to support a project.)

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