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 Project to start geek bar in St. Louis (kickstarter) 
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Harbinger of the Coz
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Joined: Fri Aug 29, 2008 5:37 pm
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Post Re: Project to start geek bar in St. Louis (kickstarter)
GordonGoblin wrote:
BottledViolence wrote:
Since I'm the one being asked for the money, I absolutely see it being returned with interest as a feature.

then kickstarter is probably not for you, neither are shops ;)


Shops are great, they sell products that are made by companies that I invest in! :D


Thu Apr 05, 2012 5:01 pm
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ZCE's Grandmother's Quantum Cat
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Post Re: Project to start geek bar in St. Louis (kickstarter)
Brandmeister wrote:
Freemage wrote:
The main reason small businesses fail is not poor business practice as such, it's excessive debt from the start-up costs.

Yeah, I just don't buy that. I know several people who started their own business. Poor business practices kill many startups. Owners don't budget for unexpected expenses, or aren't disciplined with inventory, or manage cash flow badly... the list is long. Interest payments raise the bar for entry, as does the loan process, but if you can't jump that hurdle, maybe your business plan isn't very good. Starting with a lower monthly cost (i.e. zero for Kickstarter) will only stretch out the failure process, not prevent it completely.

If it's your first business, then the issue may just be a matter of learning curve--in which case, "stretching out the process" is exactly what's needed. Granted, some folks would fail even if they had a year's bank ready to roll, because they give away product on the cheap, or are their own biggest customers (this is not just a bad idea for drug dealers), or because they alienate everyone by allowing Cat-Piss Man to shop there. I won't deny that.

But for many folks, it really does come down to learning curve. And having a significant monthly payment (really, two, since you're also talking about a lease) is going to factor heavily into just how long you have to figure out all the complexities.

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Thu Apr 05, 2012 7:10 pm
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ZCE's Grandmother's Quantum Cat
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Post Re: Project to start geek bar in St. Louis (kickstarter)
Freemage wrote:
But for many folks, it really does come down to learning curve.

I disagree with the many part. Most business that fail were doomed at the outset. Bad location, bad concept, poor business plan execution, legal violations... you name it. Most people who start businesses like the idea of owning a business more than actually owning one. Most new business owners will never develop their skills to the point of running a sustainable concern, no matter how much of a head start you give them.

In fact, of you gave many wannabes a free building and no debt, they'd still blow it eventually. A few might wise up if you stretched things out. But I believe it's a few, not many, and certainly not most.


Thu Apr 05, 2012 7:41 pm
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LF's frikin' laser attendant
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Post Re: Project to start geek bar in St. Louis (kickstarter)
I see kickstarter donations as supporting a cause that I might benefit from. I'm giving away the money as a gift, in hopes that a person who has a great idea might succeed. If they do succeed, I may benefit somehow. I might get a game, or have something named after me, or what have you.

I don't see Kickstarter as a loan, nor as a pre-order, although sometimes it effectively functions as such. Sometimes I benefit directly, sometimes society as a whole benefits or at least I have a perception that it will. If I think that benefit is worth my hard-earned cash, I contribute. If not, I stay away.

I think it all comes down to whether a geek bar has any percieved benefit to you, and what that benefit is worth. If its worth nothing to you, then you're only left with the personal benefits of the kickstarter tiers, which seem kinda "meh".

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Thu Apr 05, 2012 10:28 pm
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IT'S OVER 9000!
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Post Re: Project to start geek bar in St. Louis (kickstarter)
Well, this didn't work :thumbdown:

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Mon Apr 16, 2012 2:15 am
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Post Re: Project to start geek bar in St. Louis (kickstarter)
GordonGoblin wrote:
Well, this didn't work :thumbdown:

All they've got to do is get $45000 in two minutes. No biggie, right?

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Mon Apr 16, 2012 8:00 am
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Post Re: Project to start geek bar in St. Louis (kickstarter)
mindtakerr wrote:
GordonGoblin wrote:
Well, this didn't work :thumbdown:

All they've got to do is get $45000 in two minutes. No biggie, right?

Oh wait, correction. It's over. No bar.

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Mon Apr 16, 2012 8:03 am
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Post Re: Project to start geek bar in St. Louis (kickstarter)
They've said on their facebook that the Kickstarter failed but the project isn't dead.

Hopefully they can get a loan.


Mon Apr 16, 2012 8:24 am
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ZCE's Grandmother's Quantum Cat
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Post Re: Project to start geek bar in St. Louis (kickstarter)
Kickstarter seems like a clunky venue for something so local.


Mon Apr 16, 2012 9:02 am
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Post Re: Project to start geek bar in St. Louis (kickstarter)
Brandmeister wrote:
Kickstarter seems like a clunky venue for something so local.

Agreed. I didn't think about that, but you're absolutely right.

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Mon Apr 16, 2012 9:43 am
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