Kickstarter

Define "crowd-funding".

Collective cooperation, attention and trust by people.

Name two unique traits of Kickstarter?

All-or-nothing Funding, Tier Reward System

TorF: Kickstarter is meant to help launch small businesses and for profit operations.

False, for funding not launching businesses.

What are two benefits to using Kickstarter instead of traditional methods to fundraise?

Reduces future liabilities, Publicity, complete project control.

Downside to Kickstarter

The logistics with reward tiers, potential detriment of public failure and a 10% service fee

Give 2 examples of Kickstarter projects.

Z-Board: it is a motorized skateboard. Pebble Watch: it is a watch that can give you notifications from your phone e.g. text, missed call, social network update etc.