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KICKSTARTER WORKSHEET

1. Read the links to the following kickstarter articles.
(N.B. If the link does not allow you access, type the name of the article into Google and the article should pop-up. There is no need to subscribe to any publication.)

START-UPS LOOK TO THE CROWD (NY Times 04/30/12) http://www.nytimes.com/2012/04/30/technology/kickstarter-sets-off-financing-rush-for-a-watch-not-yet-made.html KICKSTARTER PROPELS LOCAL ENTREPRENEURS (Boston Globe 9/10/12) http://www.bostonglobe.com/business/2012/09/09/kickstarter-propels-local-entrepreneurs/057BGLGVQCVPt2yKhvYsSJ/story.html 2. Log on to the kickstarter.com website and scroll around to see some examples of projects that are asking for funding. Find one that appeals to you. Would you consider giving any money to the venture? Why or why not?

I found a amazing item called Memobottle. The memobottle have a lot of great adventures. First, it fits in the backpack alongside with our laptop and books very well. Second, because it is a reused bottle, we could decrease the times to buy a new bottle of water, that means that we will save money. Third, Memobottle can be good for environment and ourselves, because we both save the plastics. It will make the environment more friendly. Finally, this item is our environmental responsibility, and it makes our life more convenience.

3. What conditions must be met before a proposal gets the money that is pledged?

It is legal for the kickstarter creators to keep making the bargain going up to reach their funding goals.

4. How does Kickstarter make money?

Kickstarter does not charge anything to set up a campaign. But it is successful, kickstarter takes 5 % of the final amount of money.

5. What other crowd funding outlets can you locate?

Crowdtilt, Zokos, Gambitious.

6. Is crowd funding here to stay? Why or why not?

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