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Businesses The Almighty Buck Technology

Most Kickstarter Projects Fail To Deliver On Time 179

adeelarshad82 writes "A recently conducted analysis found that out of the top 50 most-funded Kickstarter projects, a whopping 84 percent missed their target delivery dates. As it turns out, only eight of them hit their deadline. Sixteen hadn't even shipped yet, while the remaining 26 projects left the warehouse months late. 'Why are so many crowdfunded projects blowing their deadlines? Over and over in our interviews, the same pattern emerged. A team of ambitious but inexperienced creators launched a project that they expected would attract a few hundred backers. It took off, raising vastly more money than they anticipated — and obliterating the original production plans and timeline.'"
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Most Kickstarter Projects Fail To Deliver On Time

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  • by crazyjj ( 2598719 ) * on Wednesday December 19, 2012 @05:03PM (#42340527)

    If you guys will float me $20,000 in costs, I'll launch an investigation at some point in the future. $1,000 donation gets you first dibs on the report I'll produce!

  • by godrik ( 1287354 ) on Wednesday December 19, 2012 @05:30PM (#42340947)

    "I have had personal 2 week projects drag on for 6 months no problem. So if anyone has some great rules of thumb I would love to know."

    You know what they say: times 2, round up.
    2 weeks x 2 = 1 month. round up : 1 year.

  • by cadience ( 770683 ) on Wednesday December 19, 2012 @05:57PM (#42341327)
    My 'Rule of Thumb': estimatedHours * 3.14

    Manager: your time estimates are surprisingly accurate; what is your secret.
    Me: Thanks, I multiply by PI to account for being ran around in circles.
    Manger: *not amused*

    Funny? Yes, but also a true story.
  • by Kergan ( 780543 ) on Wednesday December 19, 2012 @06:17PM (#42341595)

    The issue with kickstarter becomes one of the relationship between the 'investor' (who isn't actually an investor)

    And therein lies the rub. They're not investors. At the very most they're sponsors or supporters.

    It's not a shock to anyone that projects don't make deadlines.

    If TFS and TFA are anything to go by, it evidently is. *Shocked* even. WOW, the project is late!!! Call the fucking cops! News at 11.

  • by rochrist ( 844809 ) on Wednesday December 19, 2012 @06:32PM (#42341797)

    So basically, I worked for the people who pretended to be a real company, who picked deadlines out of their ass and then flogged people over them, but... who never actually let anyone go... so nobody really feared them....just disrespected them, were demoralized, and didn't want to work.... which didn't help the deadlines either.....

    In my experience, that IS a real company. Pretty much every tech company I've worked for behaved this way. It's way I tend to laugh at the whole 'the private sector can do it moah bettah!'

With all the fancy scientists in the world, why can't they just once build a nuclear balm?