Editing The Pen Addict 355/transcript (section)

== Project Success Scenario ==


'''Brad Dowdy:''' I like your system, though. Like, because here's the thing as well. Let's imagine like a red light project can succeed. Like this project sure could work. Like this could work for all we know. You know, like it could surprise us. Yeah. But then it's a real thing that you can just buy. Like that's the great thing about this type of stuff is like, you know, actually have to back the campaign most of the time to get the product unless it's like explicitly said that that's what is happening. Right. Most companies, they're using Kickstarter as a way to kickstart a business. So like if something doesn't if you like the look of something, but you're hesitant at spending your money, just keep your eye on the campaign after it funds and see what happens. And then they will sell the product to you later on, maybe for a slightly different price, maybe in some slight revisions. But you will be able to buy it. So it's the same FOMO conversation. Yeah, you don't have to be in the because you don't have to basically you don't have to take the risk because there is risk. We have both lost money in the past on Kickstarters. It's a it can be a little bit of a gamble and irrespective of what people like to put the copy and paste of legal text that people like to put into failed campaigns, Kickstarter projects into the comments. Just go look at this, by the way. It's mind boggling to me. You cannot get your money back. If the money's gone, it's gone. Have you ever seen this? People copy and paste this thing out of terms and conditions in the hope that it will get them a refund. And I understand that people want their money back. Like I get it. But it's a fundamental misunderstanding of what's happened to your money. Like the money has been spent on attempting to make the thing. There is no money.

'''Myke Hurley:''' Right. Right. It would take a rare campaign founder to.

'''Brad Dowdy:''' Well, it would have to be like a class action lawsuit. I haven't come across any of those so far. Right. Right. But yeah, it is, you know, again, like I'm not trying to laugh at people that have lost money. I'm not trying to laugh at failed campaigns.

'''Myke Hurley:''' Oh, God.

'''Brad Dowdy:''' But like, it's just really, I don't know. There's like some kind of like macabre that I get, like macabre humor I see from it when I'm just watching like 50 people in a row or copy and pasting this chunk of terms and conditions in the hope that it means I get their refund.

'''Myke Hurley:''' It's like, yeah, more power to you. Right. Right. Yeah. That's not that's not how Kickstarter works. So that's why you have to look at things like this. And I've, you know, backed enough campaigns over the years. You see kind of repeated patterns. Right. If the creator doesn't really know what they're talking about, like the back of their hand, that's an immediate question mark for me. Right. So, you know, there's lots of little things you can check out. And, you know, as always, you know, be cautious with your money, especially on something like Kickstarter. But I'm just a huge Kickstarter fan and, you know, have made seen a lot of great companies grow out of Kickstarter. And I've made a lot of great friends from those companies. So, you know, there's there's more way more good than bad. But there are things you can do to, you know, mitigate your risk when you're looking at new projects.