One Friday morning a few months back, the creators of Lockitron, an innovative deadbolt system controlled by your smartphone, were rejected by the folks over at Kickstarter. The following week, the Lockitron team formed a plan: they would launch Lockitron on their own and try to follow the vision that led to Dalton Caldwell’s success with App.net. When I last checked Lockitron’s progress, they received 14,704 pre-orders totaling $2,278,891—success that propels the company to the ranks of the Pebble Watch, Skallops, and Double Fine.
Is this success typical? Will the next revolution in crowdfunding be disintermediated, open source fundraising?Read More