{"id":8274,"date":"2012-08-18T10:11:47","date_gmt":"2012-08-18T14:11:47","guid":{"rendered":"https:\/\/webhostinggeeks.com\/blog\/?p=8274"},"modified":"2021-10-19T06:49:29","modified_gmt":"2021-10-19T10:49:29","slug":"indiegogo-or-kickstarter-crowdfunding-part-two","status":"publish","type":"post","link":"https:\/\/webhostinggeeks.com\/blog\/indiegogo-or-kickstarter-crowdfunding-part-two\/","title":{"rendered":"Indiegogo or Kickstarter:  Crowdfunding Part 2"},"content":{"rendered":"<p>Indiegogo, Charity, Art, Revenge&#8230; &#8220;Artevengity?&#8221;<\/p>\n<p>My first exposure to charitable crowdfunding was Matthew Inman&#8217;s (<a title=\"Bear Love Good Cancer Bad\" href=\"https:\/\/www.indiegogo.com\/projects\/bearlove-good-cancer-bad--3\">the Oatmeal<\/a>)\u00a0 campaign to finance his counter attack to a $20,000 lawsuit from FunnyJunk using the crowdfunding platform Indiegogo. \u00a0 \u00a0&#8220;I&#8217;m hoping,&#8221; writes Inman in his description of his project &#8220;that philanthropy trumps douchebaggery and greed.&#8221;\u00a0 It seems it did.\u00a0 He raised $220,024.\u00a0 11 times his $20,000 goal.\u00a0 What was his project?\u00a0 This is the odd part \u00a0and his success was entirely dependent on the Gen Y zeitgeist of Indiegogo.\u00a0 Was it inspired by a genuine social need or was he just venting his righteous indignation via the Internet?\u00a0 His words, your call:<\/p>\n<p>&#8220;Instead of mailing the owner of FunnyJunk the money, I&#8217;m going to send the above drawing of his mother.\u00a0I&#8217;m going to try and raise $20,000 and instead send it to the National Wildlife Federation and the American Cancer Society.&#8221;<\/p>\n<p>And when he finally received all those bundles of money he assembled them into the big &#8220;<a title=\"cash to send FunnyJunk\" href=\"https:\/\/www.techdirt.com\/articles\/20120709\/23224319637\/matthew-inman-takes-photos-211223-cash-to-send-to-funnyjunk-charles-carreon.shtml\">FU<\/a>&#8221; he wanted to send FunnyJunk all along.<\/p>\n<p>Look, you gotta love this guy, and he did raise money for two great charities, but <em>was<\/em> it charity? Or art? Or just revenge masked as charity or maybe something entirely new, &#8220;artevengity?&#8221;\u00a0 What in the world exactly is it that Indiegogo did?\u00a0 The money eventually wended its way to two big charities, even if it did take a little artistic detour on the way:\u00a0 FU in money bundles. So, it was sort of a charity, even if an angry charity, and that made it Indiegogo material, not Kickstarter material.\u00a0 Kickstarter simply does not provide a platform to fund charitable causes or organizations like National Wildlife Federation and American Cancer Society or even FU FunnyJunk.<\/p>\n<p>After his first success Inman is now on to a more typical arts and culture project with Indiegogo: raise $850,000 to create the <a href=\"https:\/\/www.theverge.com\/2012\/8\/16\/3246402\/nikola-tesla-museum-oatmeal-indiegogo-campaign\">Tesla Museum<\/a> in Shoreham, New York. And he is well on his way with <a title=\"Tesla Museum Indiegogo\" href=\"https:\/\/www.indiegogo.com\/projects\/let-s-build-a-goddamn-tesla-museum--5\">close to $500,000<\/a> already raised and more than a month left in the campaign. The Tesla museum is not a charity, as Kickstarter might have defined it, since it is clearly a cultural project with an end goal, but the Tesla museum is significantly different \u00a0than his first project. \u00a0 It is not artevengity.<\/p>\n<p>The <a title=\"Love for Karen Klein\" href=\"https:\/\/www.indiegogo.com\/projects\/lets-give-karen-the-bus-monitor-h-klein-a-vacation--6\">bullied bus monitor campaign<\/a>, created by Max Siddorov, \u00a0is again artevengity and that is why it was so successful on Indiegogo and might not have been on Kickstarter. \u00a0Though this project had a clearly defined end goal, which Kickstarter requires, it was still too narrowly a charity. \u00a0The &#8220;Lets Give Karen-The Bus Monitor-H Klein A Vacation&#8221; had a target of $5000, but unbelievably raised $703,833 on Indiegogo!\u00a0 That&#8217;s a vacation chalet in the Rockies. \u00a0It appears artevengity is a money magnet on Indiegogo.<\/p>\n<p>When Oatmeal Inman was asked why he didn&#8217;t use Kickstarter, Inman wrote it&#8217;s because Kickstarter <a title=\"the Oatmeal blog\" href=\"https:\/\/theoatmeal.com\/blog\/tesla_museum\">doesn&#8217;t fund charities<\/a> and Indiegogo does. And anyway, he&#8217;d already had great success with Indiegogo.<\/p>\n<p>Also, Kickstarter is all or nothing.\u00a0 Kickstarter only disperses the cash if your project meets its projected goal.\u00a0 If not, it <a title=\"Kickstarter facts\" href=\"https:\/\/help.kickstarter.com\/hc\/en-us\/categories\/115000499013-Kickstarter-basics\">returns all the money<\/a> back to the investors and you never see a dime. Indiegogo, however, disperses funds even if you don&#8217;t reach your goal. Indiegogo keeps a larger percentage of the money (9%) if you don&#8217;t reach your goal, but it still disperses the cash.\u00a0 If you do reach your goal I<a title=\"Indiegogo pricing\" href=\"https:\/\/support.indiegogo.com\/hc\/en-us\/articles\/204456408-Fees-Pricing\">ndiegogo keeps only 4%<\/a>.\u00a0 \u00a0\u00a0On the other hand, even if you do meet your goal, <a title=\"Kickstarter Fees\" href=\"https:\/\/www.kickstarter.com\/\">Kickstarter is still more expensive<\/a> than Indiegogo since it charges 5% \u00a0which is 1% higher than Indiegogo&#8217;s 4% for a successful campaign.<\/p>\n<p>So why use Kickstarter at all?\u00a0 Indiegogo seems to do it all better.\u00a0 Well hold on there, cash-poor cowboy.<\/p>\n<div id=\"attachment_8298\" style=\"width: 260px\" class=\"wp-caption alignright\"><img decoding=\"async\" aria-describedby=\"caption-attachment-8298\" class=\"size-full wp-image-8298 lazyload\" data-src=\"https:\/\/webhostinggeeks.com\/blog\/wp-content\/uploads\/2012\/08\/kickstarter-vs-indiegogo-250x230.jpg\" alt=\"Kickstarter vs Indiegogo\" width=\"250\" height=\"230\" data-srcset=\"https:\/\/webhostinggeeks.com\/blog\/wp-content\/uploads\/2012\/08\/kickstarter-vs-indiegogo-250x230.jpg 250w, https:\/\/webhostinggeeks.com\/blog\/wp-content\/uploads\/2012\/08\/kickstarter-vs-indiegogo-250x230-128x118.jpg 128w\" data-sizes=\"(max-width: 250px) 100vw, 250px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 250px; --smush-placeholder-aspect-ratio: 250\/230;\" \/><p id=\"caption-attachment-8298\" class=\"wp-caption-text\">Copyright Madalyn Sklar<\/p><\/div>\n<p>Kickstarter is Artworld 2.0.<\/p>\n<p>As pointed out by <a title=\"Kickstarter UK launch\" href=\"https:\/\/www.theguardian.com\/culture-professionals-network\/culture-professionals-blog\/2012\/aug\/16\/kickstarter-uk-launch-crowdfunding-culture?newsfeed=true\">Patrick Hussy<\/a> at the Guardian this week, Kickstarter has projected it will raise $150 million for the arts in America in 2013. That&#8217;s more money than the National Endowment for the Arts disperses in a year. No way around it: that&#8217;s amazing.\u00a0 When you look at what sorts of projects Kickstarter funds it is easy to see how they do it.\u00a0 This is art and culture funding, not Indie charity.\u00a0 Kickstarter is the Big Dog on the block, which becomes stunningly clear when you look at their continuously updated <a title=\"Kickstarter stats\" href=\"https:\/\/www.kickstarter.com\/help\/stats\">stats page<\/a>. They are so successful doing what they have been doing they even resisted changing their business model despite the new JOBS act.\u00a0 In other words, Kickstarter is not heading toward <a title=\"Due Diligence Fugetaboutit\" href=\"https:\/\/webhostinggeeks.com\/blog\/crowdfunding-part-1-due-diligence-fugetaboutit\/\">equity crowdfunding<\/a>\u00a0anytime soon. \u00a0<a title=\"Crowd funding Kickstarter vs Indiegogo\" href=\"https:\/\/www.tech2all.com\/2012\/03\/21\/crowd-funding-kickstarter-vs-indiegogo\/\">Madalyn Sklar<\/a>\u00a0has also posted a helpful comparative piece on this.<\/p>\n<p>Now for the best news:\u00a0 Kickstarter is an easy platform to fund your project. You heard right: Kickstarter will help you fund your artistic project no matter how inexperienced you are at self-financing or how small your project is. That does not mean you will necessarily succeed in raising your funding but if you have that new artistic enterprise, that totally awesome video game idea or knitted-bag line you want to fund, Kickstarter is a good first stop.\u00a0 In their own words:<\/p>\n<p>&#8220;Kickstarter is focused on creative projects. We&#8217;re a great way for artists, filmmakers, musicians, designers, writers, illustrators, explorers, curators, performers, and others to bring their projects, events, and dreams to life.&#8221;<\/p>\n<p>And they do not claim any percentage of your Intellectual Property Rights!\u00a0 What you fund is yours.\u00a0 &#8220;Project creators keep 100% ownership of their work.&#8221;<\/p>\n<p>When philosopher Arthur Danto first coined the term the &#8220;<a title=\"Artworld\" href=\"https:\/\/en.wikipedia.org\/wiki\/Arthur_Danto#.22Artworld.22_and_the_Definition_of_Art\">artworld<\/a>&#8221; he never anticipated this.\u00a0 He meant &#8216;real&#8217; art is only what the art critics and institutional curators decide is real art.\u00a0 Art only exists in the world of aestheticians and art snobs at wine and cheese parties.\u00a0 For Danto, only the art intelligentsia really defined art since, after all, only they approve what gets into the galleries to begin with. And the well-heeled only funded new art based on the criticism of those self-impressed mighty aesthetes. Well, sorry Artie, no more.\u00a0 Kickstarter does all that now.\u00a0 Kickstarter lets your artistic ability to make something people are willing to finance determine your success.\u00a0 To ensure better success, try giving your benefactors a free t-shirt, a mention in the rolling credits of your latest Zombie flick or a free sample handbag.\u00a0 Kickstarter has now, by far, become the most powerful platform for financing art for art&#8217;s sake.\u00a0 That&#8217;s artwold 2.0.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indiegogo, Charity, Art, Revenge&#8230; &#8220;Artevengity?&#8221; My first exposure to charitable crowdfunding was Matthew Inman&#8217;s (the Oatmeal)\u00a0 campaign to finance his counter attack to a $20,000 lawsuit from FunnyJunk using the&#8230;<\/p>\n","protected":false},"author":15,"featured_media":8305,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[12,2770,3557,1,7,3556,3558,2733,2776,11,2601],"tags":[5167,5187,5165,5177,5193,5172,5184,4056,5161,5183,5173,5166,5178,5194,5188,5191,5168,5160,5185,5170,5164,5192,4958,5179,5169,5162,5163,3928,5180,5171,5175,5176,5189,5174,5182,5190,5186,5181],"class_list":["post-8274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-commerce","category-guest-posts","category-mobile-world","category-random-stuff","category-seo-sem","category-social-media-2","category-web-technology","category-tools","category-webdesign","category-web-hosting-news","category-webmaster-resources","tag-artevengity","tag-arts","tag-artworld","tag-bear","tag-bear-love","tag-bus","tag-campaign","tag-cancer","tag-charity","tag-cowboy","tag-culture","tag-danto","tag-douchebaggery","tag-fu","tag-fund","tag-funding","tag-funnyjunk","tag-gen-y","tag-guardian","tag-indiegogo","tag-indignation","tag-karen-klein","tag-kickstarter","tag-lawsuit","tag-madalynsklar","tag-matthew-inman","tag-max-siddorov","tag-money","tag-monitor","tag-oatmeal","tag-philanthropy","tag-pricing","tag-revenge","tag-shoreham","tag-tesla","tag-tesla-museum","tag-wildlife","tag-zeitgeist"],"views":166,"_links":{"self":[{"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/posts\/8274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/comments?post=8274"}],"version-history":[{"count":0,"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/posts\/8274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/media\/8305"}],"wp:attachment":[{"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/media?parent=8274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/categories?post=8274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webhostinggeeks.com\/blog\/wp-json\/wp\/v2\/tags?post=8274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}