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Update #5

Some assembly required - Full Steam Ahead, Kickstarter and Beyond

7 comments

We're disappointed not to make out Kickstarter target and would like to say a big thank-you to all those who backed us. We've learned a lot from the experience. Have a read of the blog on our website.

http://www.blazinggriffin.com/blog/some-assembly-required-full-steam-ahead-kickstarter-and-beyond

Comments

    1. Blazing_griffin_icon-rev.small

      Creator Blazing Griffin on December 31, 2012

      Thanks for the kind words Mark.

      Darren, jhansonxi, that certainly gives us food for thought. To have a US based Kickstarter you need a US based bank account and, whilst this was a possibility, the costs of transferring the money to the UK would have been an inappropriate use of peoples funds - in our opinion.

      We have seen other projects consider other payment methods for backers and this is certainly something we will look at on any return.

    2. 428952_359681467436067_1928050115_n.small

      Creator Darren Maxwell on December 30, 2012

      Kickstarter have not made it clear how cards will be charged, I have not backed a number of US$ projects because I am unsure if my card will be charges in GB£ or US$. I'm more than happy to back projects but if I am not clear how much will come off my card then I won't. US$ transactions may end up having fees from my card company and I'm not happy with that.

    3. Missing_small

      Creator jhansonxi on December 30, 2012

      Another problem with the $ USD to £ conversion - many credit card companies charge "currency conversion" fees in addition to the pledge transaction conversion.

      Another factor is the economy. With the US government attempting to lead the country into third-world status the public is apprehensive and reducing spending. What money the public did spend was towards holiday shopping.

      There is also more competition from other Kickstarter campaigns and Indiegogo.

    4. Fb_profile_picture.small

      Creator Mark Terrano on December 30, 2012

      Sorry you didn't make it - best of luck though in realizing your dreams.
      -M

    5. Blazing_griffin_icon-rev.small

      Creator Blazing Griffin on December 30, 2012

      Thanks Oli, you may be right and your solution sounds good to us. If we had the opportunity to offer only USD I think we would have followed that route, as our pre-planning was in that currency.

      Glad both Sam and you found the blog post interesting. We certainly learned a lot from this process.

    6. Fb_profile_picture.small

      Creator Oli Wright on December 30, 2012

      Sorry you guys didn't make it. The blog post is an interesting read. On the subject of $ vs £, I would assume that Kickstarter won't do this as they either don't want to or possibly can't (practically or legally) manage the currency conversions. I expect this is actually done by each card issuer separately at the moment (i.e. Amazon charges x USD to my account and it's Barclays who decide to charge me y GBP). Unfortunately, most people are used to the US centric view of things on the internet so keep the general scale of USD to local currency conversion in their head. I doubt you get the same from our colleagues over the pond, which may have put some off.

      A compromise may be if Kickstarter can allow you to offer ONLY in USD, although this would shift some of the FX risk onto yourselves given you're probably budgeting in GBP.

    7. Fb_profile_picture.small

      Creator Sam Schultz on December 30, 2012

      A good read. Still sad that you guys didn't make it or get close to making it :/

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