I woke up thinking about this because before I went to bed last night I watched last night’s episode of Rock Center with Brian Williams. They had a piece on our portfolio company Kickstarter. The piece itself was pretty good. But at the end, Brian Williams discussed it with the Kate Snow (who did the piece), and he said something like “so this is like the guy on the street asking for a handout?”.
[I saw this Rock Center piece as well, and I thought the conclusion was worse because Kate agreed or said that there are nothing to enforce that someone who raised money to do "x" has to do it. I disagree. First of all, it seems like some of the most successful projects are "I can't make this unless you want it" projects. When people support those projects they're saying two things. 1) I would like one or more of these items. (A sale!) 2) I'm willing to take the low risk that enough other people will like this that I'm in early. (the risk is low because if it doesn't fund you don't get charged). And since you've been "promised" a reward in most cases, they have to make the item in order to at least fulfill the rewards. So there is some "insurance" in the social contract. I'm not sure if there is any within the kickstarter agreement.]
Source: A VC




Google and Facebook… they’re never free.
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[This piece continues my theme that the more convoluted transactions become the more problems they create for our society—Stay close to the source. If I drive to a store and purchase something made by the individual selling it (or at least the person in the shop in the back) that has tremendous social value. And it doesn't matter if that's a kitchen knife or software or a bicycle. The longer the chain gets from "I did it" to "you bought it" the chances for negative social effects increases, and happily the positive social effects increase the closer you get to the source. In the case of Google most of us were happy users because of their great search results. That was a long time ago, and they started tracking me long before I paid any attention to them. Facebook's "sale" takes place when you sign up, with no explanation of the game whatsoever. I recently saw a news program where individuals were asked about the GOP candidates by name. And while I realize it was a produced segment (edited for results) they had no problem finding people who didn't even know the names of the candidates, never mind anything about them. Considering the barrage of coverage and the endless debates… imagine what people don't know when it's actively being hidden from them? ]
Source: The Cynical Musician
Written by Daniel
December 27, 2011 at 8:02 am
Posted in advocacy, commentary, ethics, tech