Startup Funding: Does Crowdfunding Really Work?

Posted by LarryWildman under Raising Capital
From http://startupjunkies.org 4546 days ago
Made Hot by: HomeBusinessMedia on June 19, 2012 3:40 am

Kickstarter is the leading crowdfunding platform assisting entrepreneurs in raising funding for product development. However, according to a new study, almost half of Kickstarter projects fail.

The study looked at over 45K Kickstarter projects and nearly $215 million pledged funds. The secret to having a successful crowdfunding project is in setting a realistic funding goal and determining the optimal amount of campaigning days to spend on the site.

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Comments

Written by JoshuaBoydCrunch
4450 days ago

I'm not sure that this can be seen as an indictment of crowdfunding as a whole. Crowdfunding properly is essentially a skill in itself. I think the fact that so many projects have failed is more the fault of those who made them than the idea itself.

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