Kickstarter project funding success rate as of August 2018

This statistic shows the percentage of Kickstarter's successful funding project. As of August 6, 2018, the success rate of the wholly-owned project at the Cloud Funding website was 36.29%. Overall, over 8 billion dollars began this project.

Although the concept of cloud funding itself is not new, it has been used in history so far, but with the rise of the Internet, unprecedented global promotion is possible when seeking funding for cloud support became. As of 2017, there are hundreds of platforms that individuals and companies can engage with fellows, some of which enable a wide range of purposes, others include charities, scientific experiments, social impacts, games, real estate, Some correspond to special fields such as startup. . The three most popular platforms are currently Kickstarter, GoFundMe, and Indiegogo.

Kickstarter is a US cloud funding platform established in 2009 and received a worthwhile commitment of more than $ 8 billion, allegedly reported.

The company specializes in creative projects, and the project supporters, such as the latest information on personalized products, event invitations, public confirmation, or project development, promise something in exchange for monetary contributions We specialize in the functions of the base system. Kickstarter also applies one of two reward-based cloud funding, "All-or-nothing" support. Regardless of whether the funds have reached the target, the funds used will be retained.

As of August 2018, the most popular item on the kickstarter was the game, which promised approximately 873.9 million dollars, followed by design, technology, film and video, and music. One of the most funded games to date is the card game Exploding Kittens designed by Elan Lee, Shane Small, and comic creators Matthew Inman. Oatmeal Their initial funding target was only $ 10,000, which was achieved in 8 minutes. The explosion kit received a pledge of over $ 7 million from more than 200,000 supporters within a month. This is one of the most successful kickstarter events ever.

Each Kickstarter project needs to be fully funded before it expires. Otherwise you can not move the funds. If the funding target is achieved within the given time limit, the Kickstarter project is considered successful.

The project creator needs to be a permanent resident of the United States to qualify for the Kickstarter project, but the project can receive assistance from outside the United States.

Most projects by Kickstarter are not funded. Since mortality rates are highly dependent on categories and financing goals, it is difficult to present examples of relevant success rates. The best way is to do some personal survey and compare projects similar to yourself using tools like Kicktraq. One of the general strategies used when setting up Kickstarter's goal is to reduce the amount you seek to achieve the goal quickly, thereby improving the efficiency of the project by advertising lever And get supporter trust. But we think that this is actually sustainable

As of August 2018, the most popular item on the kickstarter was the game, which promised approximately 873.9 million dollars, followed by design, technology, film and video, and music. One of the most funded games to date is the card game Exploding Kittens designed by Elan Lee, Shane Small, and comic creators Matthew Inman. Oatmeal Their initial funding target was only $ 10,000, which was achieved in 8 minutes. The explosion kit received a pledge of over $ 7 million from more than 200,000 supporters within a month. This is one of the most successful kickstarter events ever.

In the case of traditional online cloud funding platforms such as Kickstarter and Indiegogo, the project did not receive sufficient funds or had raised the failure rate too much. If the funds succeed, production volumes do not necessarily meet the promised standards and in some cases will not be satisfied. Even these platforms have little incentive to invest, basically they can serve as reserved commitment services, but still several billion dollars will be attracted. Encryption is welcome and the initial coin product (ICO) gathered a lot of money in a very short period ($ 10 million in 10 minutes). The problem of the current ICO position is that there is little real material necessary to gather these huge amounts of funds (some people do not even hide it). This lack of structure attracts scammers and does not inherently allow their investors to have sufficient transparency