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Show HN: We open sourced Lockitron's crowdfunding app

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Re: Show HN: We open sourced Lockitron's crowdfunding app

#62
post #28

This could start a trend towards moving away from Kickstarter. So far, the more famous projects that have pursued funding from a similar model without using Kickstarter itself (e.g. Lockitron, App.net) have done so out of necessity – they weren't allowed to use the Kickstarter platform. But if people keep succeeding without being hosted on Kickstarter itself, that 5% fee might look more and more unattractive to peopl…

Kickstarter has credibility though. I'm comfortable giving them my money, because I know I'll get it back if the project isn't funded.

Lockitron and App.net have their own credibility based on who they are and who has invested in them.

If I was to put up a SelfStarter page, there isn't anything to stop me from just taking everyone's money regardless of the funding status.

Re: Show HN: We open sourced Lockitron's crowdfunding app

#63

Outstanding. I was going to try to contact you privately and beg for advice on how to run something similar. My hats so far off to you guys, it's on the floor in front of me. Can't wait for my Lockitron to arrive.

When they mentioned that they would open source their code, I started looking at payment gateways that did cool things. Here's my research so far: http://www.geekphd.com/lockitron-selfstarter-us-payment-gate...

Re: Show HN: We open sourced Lockitron's crowdfunding app

#64
post #63

Outstanding. I was going to try to contact you privately and beg for advice on how to run something similar. My hats so far off to you guys, it's on the floor in front of me. Can't wait for my Lockitron to arrive.

When they mentioned that they would open source their code, I started looking at payment gateways that did cool things. Here's my research so far: http://www.geekphd.com/lockitron-selfstarter-us-payment-gate...

Thank you for doing the leg work with this. I think that anyone who wants to use this needs to look at payments very carefully so as not to run the risk of rampant chargebacks or getting shut down by your processor.

Re: Show HN: We open sourced Lockitron's crowdfunding app

#65
post #29
post #28

This could start a trend towards moving away from Kickstarter. So far, the more famous projects that have pursued funding from a similar model without using Kickstarter itself (e.g. Lockitron, App.net) have done so out of necessity – they weren't allowed to use the Kickstarter platform. But if people keep succeeding without being hosted on Kickstarter itself, that 5% fee might look more and more unattractive to peopl…

Considering all of the kickstarter things I have backed have come from my social graph, rather then kickstarter's discovery tools, I'm not sure it's discovery for the larger scale projects.

Curiously, I'm the reverse. I've found a lot more interesting kickstarters through the "your friend has kickstarted X" emails that kickstarter sends out than I have through normal social connections (e.g. twitter, IRC, etc).

Re: Show HN: We open sourced Lockitron's crowdfunding app

#66

Earlier quoted context omitted.

I agree - I believe that hardware products that are accepted to Kickstarter should still leverage its inherent momentum. Based on reports from project creators, I have heard anywhere from 30-50% of traffic comes sources internal to Kickstarter.

Maybe the way around this with selfstarter is to have a simple directory page, anyone using the skeleton to create a project can submit their URL. That could be the agregator for those folks to browse through multiple projects. It would be another source of traffic for projects.

Like a Reddit for selfstarter projects, but the up votes are pledges.

Re: Show HN: We open sourced Lockitron's crowdfunding app

#68
post #39

Earlier quoted context omitted.

I still believe there is room for a proper platform to manage crowdfunding for hardware - maybe with a distributed option as well.

Maybe Amazon would be in the best position to do it.

Given the new Amazon Lending program, I'm guessing they're starting to move in that direction. It's for sellers buying inventory now, but Amazon has a lot of data about what sells that can help it determine what's a good risk for investment.

Cam, you rock.

Re: Show HN: We open sourced Lockitron's crowdfunding app

#69

Earlier quoted context omitted.

I am currently running a Kickstarter campaign and I must say that this is far from being a trend. The run away success campaigns have a track record and a following, which is leveraged to create the initial PR push. Without hitting 20% funding very early on the project has very little chance of succeeding (kickstarter stats). A lot of our pledging happened from traffic coming directly from Kickstarter. My guess here…

I agree - I believe that hardware products that are accepted to Kickstarter should still leverage its inherent momentum. Based on reports from project creators, I have heard anywhere from 30-50% of traffic comes sources internal to Kickstarter.

Exactly. It's a reminder that Kickstarter does curate, and that nothing beats email. Getting featured in Kickstarter's weekly newsletter is probably the biggest boost, and then they'll feature you on the front page and/or category pages.

Re: Show HN: We open sourced Lockitron's crowdfunding app

#70
post #39

Earlier quoted context omitted.

Maybe Amazon would be in the best position to do it.

Given the new Amazon Lending program, I'm guessing they're starting to move in that direction. It's for sellers buying inventory now, but Amazon has a lot of data about what sells that can help it determine what's a good risk for investment. Cam, you rock.

Amazon has a "lending program"? Can you point to it. That's the magic that holds this together. Get prefunding that's only available when you are ready to ship. Secure a loan with the prefunding to go into production.
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