Import/Customs Duty on Crowdfunded Products

In my earlier article about Kickstarter and VAT, I highlighted the need for anyone running a crowdfunding campaign in or from the UK to be mindful of their exposure to VAT and other taxes. Turns out buyers need to be thinking about their tax position as well. If goods are being shipped to you from […]

The Tax Man Cometh: Kickstarter and VAT

NBC are carrying a story today warning artists and entrepreneurs using Kickstarter that the IRS could be looking into the money they’ve raised through crowdfunding. Whilst Kickstarter, IndieGoGo, and others are emphatic that what you are giving are “donations”, the IRS are taking a different view… “The way these sites work makes it sound like: […]

The Psychology of Giving – Why do people back crowdfunded projects?

Disclaimer: I am not a psychologist, anthropologist, or even much of a proper scientist (computer scientists don’t count, ology or not). I am a monkey with a magic typewriter that makes my words appear on your screen. Read on. In my last few blog posts I’ve taken a look at crowdfunding efforts that have failed […]

Another Kickstarter project fails: The Rise and Fall of YogVentures!

Hot on the heels of my article on why Kickstarter, and all other crowdfunding platforms, need to take a role in protecting the investment of project backers, another very high profile project has gone kaput. The project is (was?) YogVentures! and Polygon have some of the most in-depth coverage of the failure Crowdfunded to the […]

What Happens When a Kickstarter Project Doesn’t Deliver?

There is no guarantee that people that post projects on ButterStarter will deliver on their projects, use the money to implement their projects, or that the completed projects will meet backers’ expectations. Sound familiar? It’s actually from “ButterStarter”, a tongue in cheek project shared on Kickstarter by Peter Serafinowicz’s alter ego “Brian Butterfield”. Whilst it […]

Should I Pay to Promote my Crowdfunding Campaign?

So far, 0% funded on the IndieGoGo campaign. So, what have we learnt? Well, the first thing I’ve learnt is that crowdfunding is as rife with corruption as most other online endeavours. Over the past 48 hours I have received multiple offers from people who will fund my campaign and let their friends know about […]

How Kickstarter and IndieGoGo hide failed campaigns from Google and other search engines

Today, I wanted to spend my lunch time exploring Storium. I couldn’t remember what is was called and so I Google-d for “online story telling game”. The top ranked entry was Storium’s Kickstarter campaign, with its own website languishing down in fifth place. It occurred to me that all the effort that goes into promoting […]