New 'Creative Fund' Promises To Back Every Project on Kickstarter (venturebeat.com)

All Kickstarter campaigns are getting a show of support, according to a new web site. "Every day, The Creative Fund backs all newly launched projects based on our current patronage." It's the newest offering from BackerKit, which also makes a data management platform for crowdfunding campaigns, and so far they've pledged $1 to 10,594 different Kickstarter projects.

An anonymous reader quotes VentureBeat: One dollar doesn't seem like a lot, but it's just a start. BackerKit cofounder Rosanna Yau says that this is more of a proof of concept, to see if their community is willing to rally around the idea. She and cofounder Maxwell Salzberg have set up a Patreon, a monthly subscription service that enables people to support creators directly. All the donations they receive from that platform will be distributed among Kickstarter projects, and the goal is to make sure all projects have at least one pledge....

Yau says that the company is open to contributing more than a $1 in the future. Its Patreon guidelines say that for each $2,000 milestone reached, the fund will pledge $1 more to all Kickstarter projects. If something doesn't get funded, the fund's pledges will get recycled and re-donated to new projects.
A Medium post says the new fund "supports the entrepreneurial spirit of all independent creators, one dollar at a time....

"Everyone deserves some inspiration and a virtual high-five."

Comments

Very optimistic

[vadim_t]

The problem with that is that kickstarter is full of half-baked ideas and people trying to sell some random thing they dug up on Alibaba as their own creation.

Personally, what I would want to see instead of a list of very well curated kickstarter projects. A list somebody went through and determined that:

1. The project is actually physically possible.
2. The project is actually doable with the skills and tools the maker has.
3. The project is actually novel, and not simply reselling an existing one.
4. The project as described makes sense to experts in the associated discipline and seems workable
5. The maker actually understands what they're getting themselves into and have the knowledge and resources to produce it.
6. (optionally) The product actually has some sort of practical use to it.

Such a list would go a long way highlighting the people with a good idea that can actually be realize, and bring more money to those who are truly deserving.