August 11, 2013

Time to Give A Shout-Out to IndieGo-Go

Recently we discussed the potential KickStarter has for shaking things up and bypassing normal gatekeepers and FTC issues.

Well, they have issues of their own.

According to PopSci (link via Rand Simberg) Kickstarter recently made a small, quite specific, change to their terms of service. one that RETROACTIVELY removed the stretch prizes from an already funded project.

The project, to create bio-luminescent plants, received $484,013 of a $65,000  goal by the time funding closed and was going swimmingly until it attracted the ire of some...I dunno...luddites or something who, on May 31, started an online petition to get Kickstarter to block the project. Kickstarter knuckled under on July 1.

This is bigger than depriving the projects $40.00 backers of their glowing leeks...this is an ex post facto decision breaching a contracts in response to an internet petition.

Which brings us to Indiegogo which is another outfit with a similar buisness model that few people had heard of before Kickstarter decided to spurn the faint green light of and embrace the darkness of anti GM hysteria....and break contracts.

So lets hear it for least at the moment they don't seem to be opposed in principal to biotech startups.

...and all that that implies.

Kickstarter does good within what appear to be self imposed limits. Beyond those limits it's good to know that there is competition.

Posted by: The Brickmuppet at 01:34 AM | No Comments | Add Comment
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