This may be an appropriate position for artistic projects, but for mosthigh tech consumers, the statement is preposterous. For project creatorsthat are designing compatible accessories for popular electronic itemslike smartphones, time is always money. The short product life of theseconsumer electronics products requires a time-is-of-the-essenceapproach to all aspects of product design.
Delays Shouldn't Be Normal
With 84 percent of its projects shipping late, the timing of Kickstarter's payments puts creators at a disadvantage before their funding campaignis even finished . Larger projects are more likely to be delayed, andthe delays are longer."Historically, one of the main shortcomings of crowdfunding platformsis the inability of creators to complete high-demand projects on time,"said Lou Doctor, co-founder and CEO of Crowd Supply. "Projects thatreach their funding goals early in their campaigns are often generouslyoverfunded. Then, due to the unexpectedly high volume of interest,creators end up struggling with fulfillment and deliver late. On CrowdSupply, when a project reaches its funding goals early in its campaign,creators will receive funds to immediately jump start their development.Overfunded projects on Crowd Supply will have a much better chance of staying on schedule."
Fast Funding with Crowd Supply
Backers' pledges are processed immediately after a Crowd Supplycampaign reaches its funding goal. Five business days later, funds areavailable to project creators.