(In other words… Yup… I was right.. ..trying not to sound like a jerk here but it is frustrating when the “experts” really aren’t experts in audience and story first.. This future is not about marketing or complex game mechanics …or hokey role play… It is about interface without disrupting [or best attempt] the 4th wall).
The model is wrong and unfortunately we won’t learn what the effects are until mass saturation. When someone invests…even a small pool they need to see a reward. Whether that be just seeing a great product that lives up to most of the hype (which is almost impossible when you pitch as loud and far as these campaigns are doing). Or you have to get something worthy (& not just another signed copy).
After another year this bad model will have ramifications. Industries and innovation may seem like the great white hope, until, no one really wins who bet on these things. Because the hype of the abilities, without a “fighter trained”, will turn the buzz about betting on fighters sour. The industry will be hurt.
The pools will be poisoned. I just hope it won’t be too late.. And like I said… Do what all the hype of the 80’s,90’s was only starting to do… Sour people on a mass hyper-local level to crowd-funding.
Call it cynical but I already see the effects. Like a pyramid scheme early first adopters may still be praising but they fearfully know deep down the well is shrinking. If the model had been done correctly we would see the opposite effect. Return enthusiasm.
I write these posts not to hurt Kickstarter but my industry has/had an opportunity and this may significantly damage that opportunity if not kill it. All because people who don’t have a record with general population crowdfunding in a public hyped setting won’t look at the history and common sense of examples and their effects in other industries that they don’t have experience with. You want this architecture to work you can’t just talk to people who got it right. (BTW -I did… raised a half million for my first film with crowdfunding without an Internet).
Reading flurry of articles calling Groupon essentially a pyramid scheme… Exactly why I said our model was solvent. #’s work for everyone in a well thought out balance of the market & industry that we are entering/trying to transform. Many(more and more it seems) start-ups are just self hype before they realized, for them to make $ they have to destroy any good they do. Why “worrying about $ model later & make a good product 1st” works only for art…and even then..doesn’t really.
The emperor is starting to hear the crowds giggle and feel a chill. Lots of emperors can make a quick buck in the “new” of a paradigm shift. A lot of these enterprise start-ups aren’t sound in the economics of the industry “they are transforming” …Seed hype needs to stop…take a breath. In the long run seed investors buy into new tools for industries they don’t fully understand …then stick loyally to them in the mass blind rush of hype. No one will see the cliff. A lot of tech start-up investment and start-ups are starting to look a whole lot like the economics of mortgage-backed securities. Gambling on hype and trade. How fast and hyped you can get other investors to salivate rather than customers salivating on paying for something that fulfills a market and real human need. Luckily, I have learned in the past few days I am not the only one who thinks this.
…and the architecture & flow of both is where kings and queens are about to rise.
It has to be layered, interoperable, scalable, dissectible, SIMPLE to use, synced and pipe deliverable. This is why it’s not the question of flash or not, but “pipe sync” and “clocks”… Once technologists, browser/HTML(5) gurus and developers get that, (and understand delivery has to be “multi-pipe simultaneous”) we/they will finally make the jump into the future instead of diddling around thinking only about sitting 20″ from a computer or staring at a mobile texting screen. The future is all about layered clocks, maps, portholes, and sync. & doesn’t burden the system by bad pipe flow/constrictn or slow users. But the work on the WebVTT is a step in the right direction. Cloud security, interconnection and local presence also key.