It's Fine For The Rich & Famous To Use Kickstarter; Bjork's Project Failed Because It Was Lame

from the moving-on... dept

Nearly two years ago, we had a post pointing out that it was silly for people to complain when the "rich and famous" made use of platforms like Kickstarter. That story was about Tom Hanks' son Colin looking for funds to complete a documentary. As we noted, it made perfect sense to use Kickstarter, since it's also a nice marketing platform and a way to connect with fans. I don't understand why this seems to get people up in arms, but it continues to this day. You may have heard about the high profile failure of Bjork's Kickstarter campaign. She sought £375,000 not for a new album, but to make a port of her last album's app, Biophillia, from iOS to Android and Windows 8. The original Biophilia won some rave reviews for pushing the boundaries of what an album was... but also was widely criticized for being platform specific to iOS. When it came out, Bjork said she hoped that those on other platforms would just "pirate" it, but we never understood why she didn't release it on multiple platforms.

Apparently, the answer was that however the app was designed, it would be insanely expensive to port to other platforms. That seems like much more of a design mistake than anything else. It seems likely that her project failed for a few key reasons, including that it was just about porting an app that came out years ago, rather than anything new. Also, the "rewards" were somewhat unimpressive. And, of course, Bjork fans who were iPhone users had little reason to contribute as well. There's also the big one: unlike some other stars, Bjork really hasn't embraced connecting and communicating with her fans. That's her choice, of course. No one says she needs to. But, it's much harder to raise a ton of crowdfunded money that way.

Still, many are saying that the project failed because she's rich and famous and could have just paid for everything herself. But that seems silly. There are plenty of ways that the rich and famous can make use of crowdfunding and plenty of reasons why it makes sense to do so. The project failed because it was a bad project for crowdfunding, and because Bjork isn't necessarily connected with her fans in a way that makes sense for crowdfunding.

Amanda Palmer, who remains an example of "doing Kickstarter right" has weighed in on this issue, making some really good points about why anyone should be able to use Kickstarter, even the rich and famous. Here are a few snippets, but the whole thing is worth reading:
crowdfunding should, by its very nature, be available to EVERYBODY....

here's what i think: THE MARKET IS EFFICIENT.

if ANYBODY wants to give a go at having the community help them with a project, that’s the ARTISTS prerogative. if it fails, then the interest wasn't there.

it should't matter if it's justin bieber, obama, the new kids of the block reunion project, lance armstrong, oprah, or the friendless 18-year old down the street who's been hiding in his bedroom making EDM music.
ANYBODY CAN ASK. that's democracy.

and since crowdfunding is – by definition – in the hands of the community: THE COMMUNITY WILL DETERMINE WHETHER A PROJECT IS SUCCESSFUL.
And yet, people still get upset. To some extent, this feels a bit like "hipsterism." People feel that these platforms are special because the rich and famous haven't necessarily discovered them yet. But why is it so wrong if they do find them and do use them? If people want to support the projects they will, and if they don't, they won't. That's what makes these platforms so useful.

Filed Under: biophillia, bjork, connecting with fans, crowdfunding, rich and famous
Companies: kickstarter

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  1. icon
    G Thompson (profile), 15 Feb 2013 @ 10:09pm

    Amanda has touched on the reasoning behind the market not accepting this, but no-one to my knowledge has looked at the real reasoning behind it all.

    Kickstarter allows anyone who wants to contribute to actually analyse the project first without only relying on marketing puffery but on real world facts and figures and make a judgement call more so than even the stock market allows the average layperson.

    In other words if the average person (investor) thinks the risk is too great then they wont invest. This could be for reasons such as:
    * Interest is lacking
    * Details are lacking
    * The market just doesn't need nor want this product/service at this time (or ever)
    * Hype is making that inbuilt 'bullshit' meter ping
    * The costings are totally unrealistic (like in this example)

    People have more common sense then are given credit for, and when all the relevant facts are presented to them, as Kickstarter tries to do more than any other old style investment system then they will vote for what they actually think DESERVES it not because the product is endorsed or backed by some 'name' or other type of puffery.

    Ego and Celeb status doesn't sell it anymore and that to the old style methodology is a scary prospect

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