Popular crowd funding platform Kickstarter has announced that they have now hit more than $1 billion in pledges since the service launched back in April of 2009.
5.7 million people from 224 countries around the world have pledged over $1 billion for various projects, with the US being the top contributor with over $663 million in pledges.
The company also revealed that out of the $1 billion pledges, more than half of the pledges were made in the last twelve months.
Global Participation and Impact
Kickstarter’s reach is truly global, with backers from 224 countries and territories contributing to the platform. This widespread participation highlights the universal appeal and accessibility of crowdfunding as a means to support creative projects. The platform has enabled creators from diverse backgrounds to bring their ideas to life, regardless of geographical boundaries. For instance, projects from countries like Canada, the UK, and Germany have also seen significant support, showcasing the international community’s enthusiasm for innovation and creativity.
Over 1.7 million people have backed more than one Kickstarter project and 15,932 people have backed more than 50 projects. This level of repeated engagement indicates a strong trust and satisfaction among backers, who are willing to invest in multiple projects. It also reflects the diverse range of projects available on Kickstarter, catering to various interests and passions, from technology and design to music and film.
Success Stories and Innovations
$1 billion in pledges certainly is impressive, and we have seen some great products produced via Kickstarter which may not have been produced if the service had not been available. Some notable success stories include the Pebble smartwatch, which raised over $10 million, and the Oculus Rift, a virtual reality headset that garnered significant attention and funding before being acquired by Facebook. These projects not only achieved their funding goals but also went on to make substantial impacts in their respective industries.
Kickstarter has also been a platform for smaller, niche projects that might not have found support through traditional funding channels. For example, independent films, unique board games, and innovative art installations have all found their footing thanks to the backing of passionate supporters on Kickstarter. This democratization of funding has allowed for a more diverse array of creative endeavors to flourish.
Moreover, Kickstarter’s influence extends beyond just funding. The platform has fostered a sense of community among creators and backers, encouraging collaboration and feedback. Many projects offer rewards that involve backers in the creative process, such as exclusive updates, behind-the-scenes access, or even opportunities to contribute ideas. This interactive element enhances the overall experience for both creators and supporters.
The success of Kickstarter has also inspired the development of other crowdfunding platforms, each catering to different niches and needs. Platforms like Indiegogo, GoFundMe, and Patreon have emerged, providing additional avenues for creators to secure funding and connect with their audiences. This proliferation of crowdfunding options has further empowered individuals to pursue their passions and bring their projects to life.
You can find out more details over at Kickstarter at the link below.
Source Kickstarter, The Next Web
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