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| [May 08, 2012, 09:28 am ET] - Share - Viewing Comments |
Gamasutra - How long before the Kickstarter bubble bursts?
We are still in the early days of our Kickstarter relationship, the early days of falling in love. Everything our partner does is wonderful. We gloss over the risks, we ignore the downsides, because the glory of falling in love is everything.
I think we have about six months left of that period. Towards the end of this year, some Kickstarter projects are going to start slipping. Some will see their teams collapse amidst bicker recriminations. Some pledgers are going to start getting very angry.
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Re: Op Ed |
May 8, 2012, 09:38 |
Beamer |
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Verno wrote on May 8, 2012, 09:30:
If there is a bubble its due to people being silly with their money.
That's kind of the definition, though. Why did the original dot com bubble burst? People were being silly with their money. Why did the housing bubble burst? People were being silly with their money. Why is kickstarter exploding? People are being silly with their money.
There will be some inevitable high profile failure that results in a burst. Does that mean kickstarter will end? Did pets.com failing end the internet? But for a long time afterwards there will be far less money to get via kickstarter. Perhaps kickstarter itself will become friendster and someone else will come along with a safer way to do this. Or maybe the whole thing will prove to be some giant fad.
I'd wager that multi-multi million dollar watch is going to be that high profile failure. Zeyenz, or whatever those glasses were that have repeatedly slipped, should be their roadmap for how to avoid it. |
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