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  #1  
Old 04-29-2016, 04:27 PM
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Default Just an old man's crowd-funding rant

Disclaimer: I'm not against all crowdfunding (e.g. Kickstarter, GoFundMe, etc.). I think that if someone wants to raise money due to medical procedures, falling on hard times due to circumstances out of one's control, help paying college tuition, etc., I think those things are fine. If you need actual help, then by all means, then start one of these things...

BUT...

[rant]I think that some of these music-based Kickstarter campaigns are getting out of hand, and they are starting to become a pet peeve of mine.

I just had some people that I know raise almost $10,000 via Kickstarter to start a personal music studio. There's also a guy that I used to play music with who's burned through every other musician within a 100-mile radius raise $2000 towards his next musical project. I'm like, WTH??? Keep in mind that both of these groups aren't that great musically, and really haven't done much over the years.

Back when I was doing the band thing, there were three ways to pay for things: save our money, go into debt, or barter. Luckily, I can say that I have never gone into debt for a studio project or to buy equipment. We played our tails off every weekend in order to pay for studio time or buy equipment. (None of our parents ever gave us a dime. Heck, they would rarely even come to any shows, ever.) We would often barter for studio time. The guy that owned the studio also owned a club, so if we played for nothing, we got free studio time. We worked hard, got crappy jobs, emptied savings accounts, sold valuables, etc. in order to pay for stuff. If we couldn't pay for it in cash, we would (A.) not buy it and (B.) go play more shows until we would could. We started out with selling demos and worked our way up from there. However, it was worth it all. We had a huge passion for what we were doing. We believed in ourselves, and we gave it our absolute best all of the time.

IMO, if you don't believe enough in your project/tour enough to save for it and pay for it yourself, then why should I? If you (the band/artist) want me to contribute, either put out a good product that I will want to buy and/or put on a great live show that I will want to pay for a ticket to go see. If you are worth your salt, I'll probably buy multiple copies of your music to give to friends and I'll probably buy multiple concert tickets in order to come see you.

Until then, go play some more shows, practice, pay your dues, and get another job. Also, go practice.

Another thing to keep in mind is that I'm from the Southern USA. I don't know about other parts of the country, but we tend to be proud and hate asking for handouts and look down upon those that do. You want something? You want a studio? You want a new recording project? You want new equipment? Well then, go out and bust your a$$ working, playing shows, and selling merch, and save your d@mn money. If you are able-bodied, get out and earn it. You'll appreciate it more, and you'll learn not to take crap from anyone who tries to take what you've earned because you won't owe anyone anything. There's a lot of pride in that. [/rant]

I know, I know. People can do whatever they want to with their money, and I'm not in contol of what others do. If it bothers me, just don't contribute (which I won't). I also know that I should lighten up, and you're probably right. This has just been on my mind lately.

Thanks for reading.

Last edited by PorkPieGuy; 04-29-2016 at 04:39 PM.
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  #2  
Old 04-29-2016, 04:37 PM
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Default Re: Just an old man's crowd-funding rant

This will make me sound like an old man, even though Im 35 years old, but its this new generation's mentality. I see it with interns who come through my office. They have no work ethic, they have no initiative. They think everything should be given to them because thats the life they have lived since the day they were born.

You can blame the internet for most of this. They get free music, free videos, free gaming, free software, free information, etc all from the comfort of their lounge chair. They never had to go out and do something to get something in return. They just have everything right at their fingertips. Growing up getting everything for free leads you to believe everything is this easy. So now when they want something, they turn to the masses and just ask for it. Someone will be dumb enough to get it for them for free.
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  #3  
Old 04-29-2016, 04:41 PM
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Default Re: Just an old man's crowd-funding rant

It's the self-entitled world some musicians (especially young ones) live in sadly.

I see it all the time on the myriad threads on Facebook about how much a band should be paid (ooo we've bought instruments worth... oooo we spent £... on lessons.....oooo we spend....on fuel to travel to the gig.....you should be paying us a small fortune....would a plumber work for free....blah blah.....blah)

It pisses me off no end.
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Old 04-29-2016, 04:55 PM
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Default Re: Just an old man's crowd-funding rant

The crowd-funding doesn't bother me. If the project isn't good or doesn't interest me, I won't pledge it. If people can get money for their project, then good for them. It's as simple as that to me.

It's always been a tough racket being a musician, and it's harder today to make a living at it than it was 20 years ago. I don't get down on musicians for doing what they feel they need to do to make it. I don't blame the internet; the internet is here to stay and I wouldn't give it back for anything. The music business is in bad shape, but whatever the fix is, it's going to have to include the internet.

I keep hearing the young generation wants everything for free, but who is pledging the money to these campaigns to support the younger bands? I think that stuff makes us sound old because we are old. Our parents said it about us.

I have supported crowd-funding for a couple of artists I really admire, and I got some cool stuff in return. I pledged a Steve Gadd project a few years ago and that got me a Skype call with the man. I would have killed for opportunities like that when I was starting out.
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Old 04-29-2016, 05:00 PM
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Default Re: Just an old man's crowd-funding rant

Most of the crowd-funding products I have seen offer something for your $$ or trouble. Give us 50 bucks and if we make enough and get a CD you will get one signed, etc. What are these bands offering ? Free admission to a show at a bar.? Just don't get it.
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Old 04-29-2016, 05:08 PM
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Default Re: Just an old man's crowd-funding rant

While part of me agrees with you guys, another part of me is glad it's here. It's a new world with things that weren't around until recently. Nobody is twisting any arms. People are more generous that I gave them credit for. Myself I would probably never go there unless I was absolutely forced to.

And not all of the young generation are lazy handout takers. My son is 23 and has a great work ethic. I'm so proud of him. If people want to give away their money to support someone's project, that's people helping people and in my mind, that's a good thing. Better than making bankers more rich by taking loans. We can't blame kids because they have things and opportunities we didn't. If I was raised under the exact same circumstances, I'd act just like them too. Not the kids fault. It's just the way society is progressing. I have no problem with it. It's nice to know if my back is against the wall financially, there is another option available to me. Generosity hopefully begets itself.

I have faith in people. My dad thought I was a screwup too but us screwups grow up and become responsible adults eventually. It took me 35 years to become a responsible adult. It takes a while to grow up. Fund on.
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  #7  
Old 04-29-2016, 06:06 PM
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Default Re: Just an old man's crowd-funding rant

On the street corner or on the internet, I don't give away money (to people who ask for it).

I'm the old school, "get a job", kind of guy.
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  #8  
Old 04-29-2016, 06:24 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by New Tricks View Post
On the street corner or on the internet, I don't give away money (to people who ask for it).

I'm the old school, "get a job", kind of guy.
Yep, same here. If you dont have to work hard for something you dont really appreciate it.
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Old 04-29-2016, 06:43 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by New Tricks View Post
On the street corner or on the internet, I don't give away money (to people who ask for it).
And same here.

I'm not inherently against the Kickstarter concept. I've helped fund a few things where there was a clear, worthwhile, and well-strategized goal. The Wrecking Crew film was one of those, although I was encouraged by having prior knowledge of the project, and meeting Denny Tedesco well before he sought contributions.

But I would never, and I repeat NEVER give money to someone just so they could pursue a personal dream, or buy new gear, etc. They need to work for that stuff, not beg for it. Instead of Go Fund Me, it should Go Fund Yourself! I don't feel that anyone is entitled to anything. You work, and then you get respect and consideration.

Medical needs are different, although nobody is held hostage for a lump sum payment. Hospitals & health insurance will arrange terms, just like buying a car. Also there's been fraud in several cases money-raising cases, and I won't risk my money going to beggars/thieves.

Bermuda
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Old 04-29-2016, 07:07 PM
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Default Re: Just an old man's crowd-funding rant

I want a Guru snare drum. Would you guys mind helping me out? PM me for my shipping address. Thanks again!
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Old 04-29-2016, 07:15 PM
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Default Re: Just an old man's crowd-funding rant

Thanks John, I'm going to be printing up some t-shirts that say "Go Fund Yourself".

LOL
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  #12  
Old 04-29-2016, 07:15 PM
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Default Re: Just an old man's crowd-funding rant

I agree. I bought all my gear from working. I had drums and cymbals before I bought my first car!
Now if I could get someone to fund my sailboat purchase, that'd be okay.
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Old 04-29-2016, 07:21 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by Midnite Zephyr View Post
I want a Guru snare drum. Would you guys mind helping me out? PM me for my shipping address. Thanks again!
I got you, man. I'll be the first to donate. After all, everyone should own a Guru.
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Old 04-29-2016, 07:23 PM
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Default Re: Just an old man's crowd-funding rant

I think you're missing the point of crowdfunding, it's just a website that allows you to do what artists and musicians have been doing for centuries: raising money and finding investors.

Most artists and bands need money in order support doing their art, with the ultimate goal being that their art supports them. (I know that some are just doing it for a hobby).

Painters, sculptors, and musicians for centuries have had to raise money by:
- Selling tickets to shows
- Selling merchandise
- Finding investors
- Finding benefactors
- Selling commodity art/music for profit (cover songs, portraits)

All crowdfunding is doing is putting a website to do what people are already doing. If a band wants to make an album, they'll often raise money by gigging, contributing their own money, asking families/friends for money, selling tickets to shows that directly benefit the CD, work with investors, or fundraise with fans.

There are some stupid crowdfunding. A piano player I know started one to buy a fancy controller for his X-Box, and people funded it. Most of it is musicians, artists, bands, and other small businesses looking to raise capital.

It may be that you've never been exposed to this before, but it certainly isn't something new. Mozart and Beethoven would raise money for compositions by visiting wealthy patrons, showing/playing the finished parts of the music, and give a sales pitch. Patrons who felt inclined, would donate money to support the composition, and in turn their name would be displayed somewhere in the composition book.
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Old 04-29-2016, 08:00 PM
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Default Re: Just an old man's crowd-funding rant

Quote:
Originally Posted by tcspears View Post
I think you're missing the point of crowdfunding, it's just a website that allows you to do what artists and musicians have been doing for centuries: raising money and finding investors.

Most artists and bands need money in order support doing their art, with the ultimate goal being that their art supports them. (I know that some are just doing it for a hobby).

Painters, sculptors, and musicians for centuries have had to raise money by:
- Selling tickets to shows
- Selling merchandise
- Finding investors
- Finding benefactors
- Selling commodity art/music for profit (cover songs, portraits)

All crowdfunding is doing is putting a website to do what people are already doing. If a band wants to make an album, they'll often raise money by gigging, contributing their own money, asking families/friends for money, selling tickets to shows that directly benefit the CD, work with investors, or fundraise with fans.

There are some stupid crowdfunding. A piano player I know started one to buy a fancy controller for his X-Box, and people funded it. Most of it is musicians, artists, bands, and other small businesses looking to raise capital.

It may be that you've never been exposed to this before, but it certainly isn't something new. Mozart and Beethoven would raise money for compositions by visiting wealthy patrons, showing/playing the finished parts of the music, and give a sales pitch. Patrons who felt inclined, would donate money to support the composition, and in turn their name would be displayed somewhere in the composition book.
Yeah. I don't quite get the reaction by many here. Maybe I'm missing something. The crowd-funding campaigns I see, you get something in return for your donation. How is this new? If I pledge money, I get a CD and a t-shirt; maybe an autographed cymbal or Skype lesson. Has anyone ever seen a PBS fundraiser or bought a bag of pistachios to fund a school trip? What's the difference here? Support it if you feel like you're getting something of value in return, don't if you don't. Basic free-market economics.

I like this place because I read it and suddenly don't feel so old next you dinosaur motherf*****s.

Of course, I could be wrong. I'm just a drummer.
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Old 04-29-2016, 08:42 PM
mikel mikel is offline
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Default Re: Just an old man's crowd-funding rant

Quote:
Originally Posted by tcspears View Post
I think you're missing the point of crowdfunding, it's just a website that allows you to do what artists and musicians have been doing for centuries: raising money and finding investors.

Most artists and bands need money in order support doing their art, with the ultimate goal being that their art supports them. (I know that some are just doing it for a hobby).

Painters, sculptors, and musicians for centuries have had to raise money by:
- Selling tickets to shows
- Selling merchandise
- Finding investors
- Finding benefactors
- Selling commodity art/music for profit (cover songs, portraits)

All crowdfunding is doing is putting a website to do what people are already doing. If a band wants to make an album, they'll often raise money by gigging, contributing their own money, asking families/friends for money, selling tickets to shows that directly benefit the CD, work with investors, or fundraise with fans.

There are some stupid crowdfunding. A piano player I know started one to buy a fancy controller for his X-Box, and people funded it. Most of it is musicians, artists, bands, and other small businesses looking to raise capital.

It may be that you've never been exposed to this before, but it certainly isn't something new. Mozart and Beethoven would raise money for compositions by visiting wealthy patrons, showing/playing the finished parts of the music, and give a sales pitch. Patrons who felt inclined, would donate money to support the composition, and in turn their name would be displayed somewhere in the composition book.
Not quite. Its back to front. Give me some money, then I will make an album, then I will give you a free album........What if its rubbish, or what if you just dont like it?

Put the groundwork in first. Play the pubs and the small clubs and If people like what you do you will make money and progress. Then you can use your own money to make an album and keep all the profits.
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Old 04-29-2016, 08:52 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by tcspears View Post
I think you're missing the point of crowdfunding, it's just a website that allows you to do what artists and musicians have been doing for centuries: raising money and finding investors
I think we all get the point of it, there's no problem with the concept of attracting investors.

The problem is when people just want a handout, and use these methods to try to gather money so that they don't have to do anything for it.

It's different if an event has put a person into a dire situation. For example, I would consider donating a kit to a working drummer who had his gear stolen or destroyed, has no savings, and must play gigs in order to eat.

Bermuda

PS - Nobody here is getting any drums from me. I'll send you a sandwich.
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Old 04-29-2016, 08:56 PM
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Default Re: Just an old man's crowd-funding rant

It's a legal, legitimate option to get almost free money. People are going to use the service, what's to lose? More power to them. They are being upfront stating where the money will go, and kindhearted people pony up. The kind hearted people are the ones who should be recognized for their generosity. Is it the same as panhandling? Depends on your POV. No one is getting hurt. It's good karma too for the people who donate.

People who abuse the system will get cancer or something. Cause and effect.
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Old 04-29-2016, 09:00 PM
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PS - Nobody here is getting any drums from me. I'll send you a sandwich.
Shrimp salad on mine, thanks.
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Old 04-29-2016, 09:07 PM
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Default Re: Just an old man's crowd-funding rant

While I have not participated in a crowd funding site as a giver or receiver, and I do not begrudge anyone their opinions, I do not understand the anger towards them.

It is kind of like anything else on the internet. If it interests you read it. If not you don't open it. So where does the anger towards these folks come from. Are you mad that you read their drivel and found them not worthy? Or are you mad that they are standing there with their proverbial hand out? Or mad at the folks that put some coin in that hand? Perhaps it is just the thought of one asking another for money? Being angry about something like this is something I can not wrap my head around.

Personally, as some have said already, those that have the means and the willing heart to contribute should be applauded. All these sites do is put those who can not afford to do what they would like together with those that would like to help them. Of the few that I have read, I have not seen the personal history of the person to find out what path in life they were on that they could not realize their dream, but without that dream, without that hope, than what is their existence for?
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Old 04-29-2016, 09:14 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by bermuda View Post
It's different if an event has put a person into a dire situation. For example, I would consider donating a kit to a working drummer who had his gear stolen or destroyed, has no savings, and must play gigs in order to eat.
There was a guy about 4 months back who left his gear in his car, parked on the street overnight and it was all stolen. He came on to all the drum forums telling people his sob story and put a link to his "go fund me" page. It was his first post on all the forums...

Needless to say, everyone shot the guy down, myself included.

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Old 04-29-2016, 09:15 PM
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I got you, man. I'll be the first to donate. After all, everyone should own a Guru.
Thanks man! What about the rest of you generous people? Still no PM's. C'mon peeps! Pony up!
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Old 04-29-2016, 09:21 PM
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While I have not participated in a crowd funding site as a giver or receiver, and I do not begrudge anyone their opinions, I do not understand the anger towards them.

It is kind of like anything else on the internet. If it interests you read it. If not you don't open it. So where does the anger towards these folks come from. Are you mad that you read their drivel and found them not worthy? Or are you mad that they are standing there with their proverbial hand out? Or mad at the folks that put some coin in that hand? Perhaps it is just the thought of one asking another for money? Being angry about something like this is something I can not wrap my head around.

Personally, as some have said already, those that have the means and the willing heart to contribute should be applauded. All these sites do is put those who can not afford to do what they would like together with those that would like to help them. Of the few that I have read, I have not seen the personal history of the person to find out what path in life they were on that they could not realize their dream, but without that dream, without that hope, than what is their existence for?
Its not anger so much as it is standing up for your values. I do not believe society gets better by giving handouts to perfectly able people. As the old saying goes, "Give a man a fish and he eats for a day. Teach a man to fish and he eats for a lifetime."
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Old 04-29-2016, 09:50 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by jmeirhofer View Post
Being angry about something like this is something I can not wrap my head around.
This.

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Originally Posted by 8Mile View Post
Yeah. I don't quite get the reaction by many here. Support it if you feel like you're getting something of value in return, don't if you don't. Basic free-market economics.

Of course, I could be wrong. I'm just a drummer.
This.

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I like this place because I read it and suddenly don't feel so old next you dinosaur motherf*****s.
And most emphatically, THIS!
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Old 04-29-2016, 10:02 PM
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Default Re: Just an old man's crowd-funding rant

It is just the new way to do things. God knows musicians have lost enough of ways.

There's really nothing new. If you like it, you have the option to support it. If you don't, nobodys's twisting your arm.
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Old 04-29-2016, 10:32 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by PorkPieGuy View Post
IMO, if you don't believe enough in your project/tour enough to save for it and pay for it yourself, then why should I? If you (the band/artist) want me to contribute, either put out a good product that I will want to buy and/or put on a great live show that I will want to pay for a ticket to go see. If you are worth your salt, I'll probably buy multiple copies of your music to give to friends and I'll probably buy multiple concert tickets in order to come see you.
No one has a gun to the head of any potential pledger. Therefore any money put forward is the result of there being actual interest in the project, and people willing to part with their money.

When it comes down to it, there's little difference between you buying the music/tickets and a pledger donating. You enjoyed the band and payed them in accordance with your interest. The donators also did this, probably based on previous familiarity with the artist and the enjoyment of their music. They donate because they wish to hear more music from the artist.
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Old 04-29-2016, 10:36 PM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by Tommy_D View Post
There was a guy about 4 months back who left his gear in his car, parked on the street overnight and it was all stolen. He came on to all the drum forums telling people his sob story and put a link to his "go fund me" page. It was his first post on all the forums...
I won't help people that do something stupid, or who gratuitously beg upon their introduction. "Hi, I'm Bob and I need your money..." Yeah, goodbye Bob!
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Old 04-29-2016, 10:38 PM
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Default Re: Just an old man's crowd-funding rant

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People who abuse the system will get cancer or something. Cause and effect.
People who abuse the system by claiming they have cancer, but they don't... should get cancer.

That's not only good karma, it's great irony!

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Old 04-29-2016, 10:41 PM
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Default Re: Just an old man's crowd-funding rant

On the subject:

http://www.pledgemusic.com/projects/markguiliana
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Old 04-29-2016, 10:53 PM
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Default Re: Just an old man's crowd-funding rant

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While part of me agrees with you guys, another part of me is glad it's here. It's a new world with things that weren't around until recently. Nobody is twisting any arms. People are more generous that I gave them credit for. Myself I would probably never go there unless I was absolutely forced to.

And not all of the young generation are lazy handout takers. My son is 23 and has a great work ethic. I'm so proud of him. If people want to give away their money to support someone's project, that's people helping people and in my mind, that's a good thing. Better than making bankers more rich by taking loans. We can't blame kids because they have things and opportunities we didn't. If I was raised under the exact same circumstances, I'd act just like them too. Not the kids fault. It's just the way society is progressing. I have no problem with it. It's nice to know if my back is against the wall financially, there is another option available to me. Generosity hopefully begets itself.

I have faith in people. Fund on.
Absolutely, Larry. I don't contribute to people I don't know from Adam, but when I do know them and I know that they are good, decent and talented, I consider it a privilege to be able to help them. I have no say in where my taxes or charitable donations go, and they don't always go exactly where I'd like them to, but crowdfunding is targeted to the individuals I choose.

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Originally Posted by Midnite Zephyr View Post
I want a Guru snare drum. Would you guys mind helping me out? PM me for my shipping address. Thanks again!
As it happens, I have a couple of people on my list who, if I ever win the lottery, I would happily buy a Guru kit for, let alone a snare.
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Old 04-29-2016, 11:16 PM
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Default Re: Just an old man's crowd-funding rant

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I have no say in where my taxes or charitable donations go, and they don't always go exactly where I'd like them to, but crowdfunding is targeted to the individuals I choose.
This!!! (I don't understand why people don't make this big a fuss over taxes...)

Crowd funding doesn't bother me because it's completely voluntary. If someone can get $10,000 out of friends and strangers who will willingly part with $X, who gets harmed? (Personally, I wouldn't do it - mainly due to the work ethic arguments being made on this thread - but I don't begrudge anyone who tries. And hell, I'm sure there are plenty of people looking for crowd funding who don't get jack squat.)

What baffles me is the ridiculous things people will crowd fund! Last year there was a crowd-funding page making its way around FB - it was a self-proclaimed 'artist' from New Orleans who was trying to raise money so that she could send herself and her 'Unicorn Bike' (a kid's bicycle that had been modified by papier mache to resemble a unicorn - not kidding) to NYC. She claimed she had an obligation to New Yorkers to rider her unicorn through the streets, in order to bring them the joy and magic wonder they so desperately needed.

Again, not kidding.

She claimed she needed $2500 for the trip. And she got it!
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Old 04-29-2016, 11:17 PM
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As it happens, I have a couple of people on my list who, if I ever win the lottery, I would happily buy a Guru kit for, let alone a snare.
This is why you are an awesome person! If I won the lottery, I would probably buy a Craviotto. Ha ha!
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Old 04-29-2016, 11:30 PM
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This!!! (I don't understand why people don't make this big a fuss over taxes...)
I hope it's largely because we try not to let our personal preferences/prejudices obtain for the greater good, although I fear it's even more largely down to apathy. And also because democracy.

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Originally Posted by Midnite Zephyr View Post
This is why you are an awesome person! If I won the lottery, I would probably buy a Craviotto. Ha ha!
I am the awesomest person I know, of course, apart from many, many awesomer others, but if you want a Craviotto, why didn't you ask for one? Gifted I am, but not psychic. (If I were, I'd have won the lottery, donated a couple of Guru kits, and your Craviotto.)
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Old 04-29-2016, 11:59 PM
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  #34  
Old 04-30-2016, 12:15 AM
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Default Re: Just an old man's crowd-funding rant

A glimpse of the future - a world of beggars, and the 1%.
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Old 04-30-2016, 12:53 AM
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Default Re: Just an old man's crowd-funding rant

I don't mind it, it works well in some cases for struggling artists or start up bands putting out their first album. Everything I have funded I personally have believed in. My bands fund everything ourselves.

What I really don't like is when well established bands/artists use it to fund their latest record.

One example I saw in the past was Sum-41. Now admittedly I don't know their full story and I notice that they aren't as big as they once were but surely they or their record company have some capital to fund/produce their next record?

It's hardly a crime or anything but I just wouldn't even think about being a backer for a band that could still pull a crowd/shift records to a well established fan base.
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Old 04-30-2016, 01:55 AM
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Default Re: Just an old man's crowd-funding rant

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Originally Posted by Magenta View Post
I am the awesomest person I know, of course, apart from many, many awesomer others, but if you want a Craviotto, why didn't you ask for one? Gifted I am, but not psychic. (If I were, I'd have won the lottery, donated a couple of Guru kits, and your Craviotto.)
Oh, I was just joking. I don't need anything I can't get for myself. I don't even play the lottery. But, those facts don't preclude the fact that you are indeed awesome.

Back in February my uncle passed away. His daughter didn't have enough money to take care of everything she needed to do. So she started a fund me account and received just enough to take care of him and his stuff properly.
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Old 04-30-2016, 03:13 PM
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Default Re: Just an old man's crowd-funding rant

I've donated to victims of tragedies, sick kids and their families. That to me is the real reason crowd funding exists. The folks over at TheChive.com do that kind of thing regularly and it's beautiful.
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Old 04-30-2016, 07:55 PM
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Default Re: Just an old man's crowd-funding rant

I like a good rant, this is a good one.

I've donated to charities, but I don't really think that counts.

I put money into a Kickstarter project that Neal X (ex of Sigue Sigue Sputnik) set up to fund the recording of his band, The Montecristos, album. If he hadn't raised enough in the period of time set then the money would never have been taken off my credit card so it was a no risk option. There were multiple levels of donation including the option to hire the band, attend the recording sessions etc. I opted for the signed CD and T Shirt which cost me not much more than the price of a CD anyway. I also got an early mix in MP3 format of the single, a download of the whole album when it was completed but before the physical CDs were manufactured, the excitement of regular updates, a personalised signed CD and the chance to exchange emails with Neal himself when he dropped me a line asking what shirt size I wanted! All told I felt a "part" of the process and it was money well spent.

Last year a local band to me had a lot of their gear stolen from them when they left it in a van overnight. They set up a crowd funding page, my thoughts were "what a cheek" and I think they raised about £100.
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Old 05-01-2016, 03:24 AM
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Default Re: Just an old man's crowd-funding rant

I do get angry at the scammers who take advantage of others through these means, such as lying about a medical condition or using anothers struggle to benefit themselves. Overall though, I don't care enough to get upset. A fool and his money are soon parted -no matter the means. :p
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Old 05-01-2016, 04:51 AM
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Default Re: Just an old man's crowd-funding rant

I don't really see how this is a thing to get upset about.

If somebody wants to give their money to anything, who really cares. An individual can give money to a kickstarter/gofundme/whatever campaign for the eventual exchange of physical or intellectual property, or even maybe to just feel good. It's not as if anybody is forcing them to do so. Some of the things people are supporting are indeed headscratchers, but different strokes and all.

I've helped a few local/regional bands that I really like with their kickstarter, and I got some music in return. These acts are a known quantity to me, and I feel like they're better than comparable acts with national attention, so I felt the money was well spent. Actually, it was better spent, because I spent the same as I would have on the finished product anyway, but this way it went directly to them, and they were also able to determine their recording budget ahead of time and not take on any debt doing so.

I really like the idea of crowdfunding for music related projects, and I can see it becoming a more dominant business model in the future. It cuts out a lot of gatekeepers and middlemen, and can give artists more control and security. The caveat is that it requires the act/artist to already have enough of a following for to be viable.

There's also the potato salad story, which I imagine most investors only received amusement from. There's also the saga of the Coolest Cooler, which left many investors upset.

Most of these campaigns set clear guidelines and benchmarks as to what return the investor can expect. Clearly there's always some risk involved, as most of the time you aren't buying a product as much as you are an idea of a product, but it's usually not too hard to discern what is apt to be realistic and what is more risky.
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