@tipping-point

Moving money these days is easy, but coordinating social consensus around raising funds is HARD: ✴️People will often only contribute if they know others will too ("I-will-if-you-will"), making it difficult to gain initial traction when few are willing to be the first mover. ✴️The uncertainty of not knowing whether a project will be fully funded makes people less likely to contribute in the first place, as there's a risk of losing their money to a failed or partially-funded campaign. ✴️When splitting one fixed cost amongst a group of people (like renting an Airbnb with friends), the cost per person depends on how many people opt in - but most people won't opt in to something until they know how much it costs, resulting in a chicken-and-egg pricing dynamic.

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