Thank you. I have some ideas for you guys. KickStarter doesn't want to go the route of "being a store" and selling pre-sales. This is EXACTLY what a lot of us want and the direction I think you should go in.
In fact set it up in a way that makes Pre-Sales the main attraction. It would make things so much easier.
When I was running my ToDoCal kickstarter the biggest pain in the ass was trying to set up prizes and calculating the cost to fulfill them. Because kickstarter isn't set up like a store that accepts pre-sales I would have to double the cost of all my "prizes" so as to buffer the cost of fullfilling expensive orders. Shipping to Chicago would be $6, shipping to San Francisco was $10, international shipping was $16. But I can't charge different people different prices, so I had to forcing everyone to pay a higher price to keep it safe.
By designing Crowdhoster as a pre-sales store you can eliminate that completely. USPS shipping api's can calculate the exact cost each backer should pay down to the penny. You could offer your backers discounts based on bulk orders and have an idea of where your products are going so you can design packaging to be more efficient.
Basically make a pre-sales store with minimum order requirements where anyone can place orders and their card is charged only when the minimum order is reached after X amount of time.
Chris - love your ideas here. I head up our API at Crowdtilt and spearheaded the CrowdHoster project. We're psyched to get cracking on features like this.
Product pre-sales drove Lockitron to create SelfStarter in the first place...clearly a huge use case. With our API we'll be able to get more creative with the payment flow, allowing dynamic cost calculation like you describe with different shipping scenarios.
These are all great points. If you do go this route, I'd spend a bit of time on figuring out the proper way to handle the actual exchange of money from escrow to product holder to avoid scam artists.
One day self-crowdfunding will be as easy as hosting a blog. Not yet, but this is a good step towards that direction. I certainly wouldn't mind it if in 10 years crowdfunding is what powers the internet.
We built the exact same service last month http://www.jumpcrowd.com/ The hosted SelfStarter movement will open up crowdfunding in the same way services like Blogger and WordPress opened up blogging platforms. KickStarter probably won't survive in its current form.
And what law would that be? Clearly I would guess that you mean "US law", but isn't this an important piece of information to anyone hoping to fund a potentially large sum of money through your platform?
Hey, this is Yancey from Kickstarter here. We think projects like this are great, which is part of the reason we open-sourced the Amazon FPS code that we use at Kickstarter, which was then used in Selfstarter and Crowdhoster. It's on Github here: https://github.com/kickstarter/amazon_flex_pay
For us, Kickstarter is a big experiment and we're constantly learning what works, what doesn't, and making changes as we go. We want to provide the best possible space for creators to share their projects and for people to connect with them. We think we're doing a pretty good at that, but of course there's always more to learn.
I read somewhere that the challenge with posting your projects with Kickstarter is getting the attention of people and hence most of them do not reach their funding goal.
I think as an entrepreneur, you are gonna need to do your homework and figure out how to get the attention to your project regardless of using Kickstarter or not.
Lockitron was a perfect example that used Selfstarter to fund their project and got a lot of attention from users without the help of any organization like Kickstarter.
Kickstarter or self-hosted crowdfunding site, getting the attention of people is going to be the difference. With Kickstarter there is at least some sort of community and set of discovery tools that can draw a bit of extra attention to really great or already high profile projects. It seems self-hosted crowdfunding sites would place the burden of funding entirely on the project poster's personal network and PR prowess.
This is great to see. I'm working on something similar which has a few more features is focused on integrating into other brands websites or social networks.
I think this is going to be an exciting arena with a lot of market potential. The current marketplaces support a small percentage of the audience and free form platforms can let anyone crowdfund.
As a user I would feel more comfortable buying from a trusted source such as kickstarter because I feel like there is more of a guarantee of getting my money back if the project never gets off the ground
I don't know a ton about crowdfunding... but what could be the downside of using Kickstarter? Seems to me that it comes with free audience and offers some security for the backers.
Some projects like Lockitron aren't allowed anymore, so that's a big reason for them not using Kickstarter (and app.net I don't think was allowed either). But another reason is that Kickstarter is US/UK-only, and with the Crowdtilt API on the backend of this version it's international.
In addition to that, with this wordpress-style version, you get to use your own URL/and customize the branding if you want, the users become your users, it's your credit card processing (so you get that data too for future up-sells or feature purchases), and it saves you from paying the Kickstarter fees (this one is free, and Kickstarter charges up to 10%).
It has no problem to run a crowdfunding campaign on Kickstarter until Kickstarter disallows you to do that on their platform.
SelfStarter was created by the Lockitron team to run their own crowdfunding campaign because Kickstarter didn't allow them to run their campaign on Kickstarter.
Eventually, I still see Kickstarter as the main/most important crowdfunding platform. Like many closed platform versus opened platform plays, it seems like most of the closed platforms win eventually.
I might be wrong on this but I would like to see example on the opposite case.
[+] [-] ChrisNorstrom|13 years ago|reply
In fact set it up in a way that makes Pre-Sales the main attraction. It would make things so much easier.
When I was running my ToDoCal kickstarter the biggest pain in the ass was trying to set up prizes and calculating the cost to fulfill them. Because kickstarter isn't set up like a store that accepts pre-sales I would have to double the cost of all my "prizes" so as to buffer the cost of fullfilling expensive orders. Shipping to Chicago would be $6, shipping to San Francisco was $10, international shipping was $16. But I can't charge different people different prices, so I had to forcing everyone to pay a higher price to keep it safe.
By designing Crowdhoster as a pre-sales store you can eliminate that completely. USPS shipping api's can calculate the exact cost each backer should pay down to the penny. You could offer your backers discounts based on bulk orders and have an idea of where your products are going so you can design packaging to be more efficient.
Basically make a pre-sales store with minimum order requirements where anyone can place orders and their card is charged only when the minimum order is reached after X amount of time.
[+] [-] msaint|13 years ago|reply
Product pre-sales drove Lockitron to create SelfStarter in the first place...clearly a huge use case. With our API we'll be able to get more creative with the payment flow, allowing dynamic cost calculation like you describe with different shipping scenarios.
[+] [-] jqueryin|13 years ago|reply
[+] [-] irollboozers|13 years ago|reply
[+] [-] seeingfurther|13 years ago|reply
[+] [-] twodayslate|13 years ago|reply
[+] [-] danielhunt|13 years ago|reply
And what law would that be? Clearly I would guess that you mean "US law", but isn't this an important piece of information to anyone hoping to fund a potentially large sum of money through your platform?
[+] [-] Yancey|13 years ago|reply
For us, Kickstarter is a big experiment and we're constantly learning what works, what doesn't, and making changes as we go. We want to provide the best possible space for creators to share their projects and for people to connect with them. We think we're doing a pretty good at that, but of course there's always more to learn.
If you're curious, we have many of our stats available (live) here: http://www.kickstarter.com/help/stats
[+] [-] neltnerb|13 years ago|reply
16 hours ago, I asked this: http://news.ycombinator.com/item?id=5138705 and now you just conveniently come along with the perfect answer!
Awesome.
[+] [-] msaint|13 years ago|reply
[+] [-] hariis|13 years ago|reply
[+] [-] knighthacker|13 years ago|reply
Lockitron was a perfect example that used Selfstarter to fund their project and got a lot of attention from users without the help of any organization like Kickstarter.
[+] [-] eth|13 years ago|reply
[+] [-] brackin|13 years ago|reply
I think this is going to be an exciting arena with a lot of market potential. The current marketplaces support a small percentage of the audience and free form platforms can let anyone crowdfund.
[+] [-] orangethirty|13 years ago|reply
I was going to use kickstarter, but it simply did not match very well with what I plan to launch. This however, fits just right.
Also, great landing page. I don't know what is your conversion rate, but from experience I can tell that it just works.
[+] [-] twodayslate|13 years ago|reply
[+] [-] arkonaut|13 years ago|reply
[+] [-] lesinski|13 years ago|reply
[+] [-] Vekz|13 years ago|reply
In addition to that, with this wordpress-style version, you get to use your own URL/and customize the branding if you want, the users become your users, it's your credit card processing (so you get that data too for future up-sells or feature purchases), and it saves you from paying the Kickstarter fees (this one is free, and Kickstarter charges up to 10%).
[+] [-] siong1987|13 years ago|reply
SelfStarter was created by the Lockitron team to run their own crowdfunding campaign because Kickstarter didn't allow them to run their campaign on Kickstarter.
Eventually, I still see Kickstarter as the main/most important crowdfunding platform. Like many closed platform versus opened platform plays, it seems like most of the closed platforms win eventually.
I might be wrong on this but I would like to see example on the opposite case.
[+] [-] phloatingman|13 years ago|reply
[+] [-] ar4s|13 years ago|reply