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"Kickstarter is a new way to fund ideas and endeavors. We believe that... A good idea, communicated well, can spread fast and wide. A large group of people can be a tremendous source of money and encouragement."
The project inventors basically set a pledge goal, and visitors to the site pledge a minimum amount so the project comes into fruition.
"Project creators can offer products, services or other benefits ("rewards") to inspire people to support their project: A hot-air balloon ride to the first person to pledge $300, an invitation to the BBQ for anyone who pledges more than $5, exclusive daily video updates for anyone who pledges more than $1."
Here's the kicker, if the project does not meet the pledge goal before a specified time period runs out, no money is collected. Everyone walks away as if nothing happened.
Here's some of my favorite projects if you're interested get em' while they're hot:
An iphone application that encourages giving back:Remixed comics, kind of cool, though the girl talk comparison may have did it in. Oh, and New York Make a book,though this one actually is now fully funded.
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