Crowdfunding : Kickstarter Surpasses $1 Billion in Pledges

The crowdfunding site Kickstarter surpassed $1 billion in pledges on March 3.

 

The company, which started in April 2009 when 40 people pledged $1,084 to fund seven projects, has been embraced by entrepreneurs as a great product development tool. It has helped spawn start-ups such as Kammok of Austin, Texas and become an important tool for more established companies like Klymit and Sole looking for ways to test new concepts and stretch their capital. 

 

Kickstarter said 5.7 million people have used its site to pledge $1 billion for creative projects. 

 

Kickstarter. More than half was pledged in the last 12 months alone.

Kickstart celebrated the milestone with a trivia-packed graphic on their site Tuesday that noted:

• 1,689,979 people have backed more than one project
• 15,932 people have backed more than 50 projects
• $619 million pledged by returning backers.
• A breakdown of pledges by day of the week reveals the most money has been pledged on a Wednesday, followed by Thursday and Tuesday.
• The best day of the month to raise pledges is the 13th
   

Pledges by Country

  United States..........$663,316,496
  United Kingdom....... $54,427,475
  Canada................. $44,913,678
  Australia.................$31,776,566
  Germany.................$21,607,047
  France...................$10,131,159
  Sweden.................. $7,150,257
  Japan......................$7,139,419
  Netherlands..............$7,033,026
  Singapore.................$6,710,981


Source Kickstarter