Considering there have been seven $1 million-plus projects since February and that today 82 percent of projects that raise more than 20 percent of their goal go on to become successfully funded, the overall trend is positive. Check it out here.Ī 44 percent success rate ain’t bad. To further boost its transparency, Kickstarter also launched a stats page in June, which provides daily updates on metrics like dollars pledged, success rates, etc., broken down by category. The company hides the failures as a gesture to creators, and to help users focus on the projects with traction. After all, when you launch a Kickstarter project, the odds are against you 56 percent of Kickstarter projects fail to find funding - with some 32K projects in total having failed, compared to the 25K projects that succeeded. The long-term question/caveat to this, of course, is whether new users coming to Kickstarter tend to just end up amplifying the projects that are already blowing up, or whether they’re actually spreading the love and helping other projects reach their goals that might not have otherwise. Even something as niche as webcomics saw its number of pledges double in February.Ī lot of people came to Kickstarter for the first time as part of the buzz around those seven projects that surpassed $1 million, and to the startup’s delight, a lot of them have gone on to fund other projects, resulting in a positive net effect both for the platform itself and for project founders. Prior to February only one gaming project had reached $100K in funding. And this growth applies to multiple categories, not just sexy wrist watches.

The platform has seen almost $275 million pledged to some 63,000 projects to date, with $231 million going towards successful fundings.Īs Devin wrote at the time, before February, no Kickstarter project had ever raised over $1 million, but since then, seven projects have surpassed $1 million, including the current #1, Pebble, which raised an astonishing $10 million. The crowdfunding platform has had a blockbuster year, breaking into mainstream consciousness with campaigns that raised millions of dollars, like the Pebble e-paper watch above.

Zpm nocturn