Cowdsourcing.org The Industry Website

Register Login
or sign in with

Web's Largest listing of crowdsourcing and crowdfunding events

Events

Advertise
Crowdsourcing Week
Web's Largest Directory of Sites

2,359 crowdsourcing and crowdfunding sites


Kickstarter Receives its Millionth Backer
editorial

Kickstarter Receives its Millionth Backer

Cargo, the film that Rachel Perrie supported

Last week a woman named Rachel Perrie became the millionth person to pledge financial support to a project posted on Kickstarter. It's a remarkable feat, given that company hardly two years old, and it comes on the back of another milestone — $100 million has been pledged on the Kickstarter platform.

Kickstarter co-founder Yancey Strickland and Fred Benenson penned a blog post earlier today to commemorate the dual accomplishment. Far from the self-congratulatory back patting you might expect, the post provides an interesting portrait of the state of crowdfunding: who's contributing; how much money they give; do they come back?

The latter question intrigued me. Only 16 percent of Kickstarter backers come back to pledge a second (or third) time. That number is on the rise, but slowly, and I wonder what will happen to the company's hockey-stick growth rates as they begin to saturate the market (and as hungry competitors like IndieGoGo gain marketshare). Another factoid of note: If they keep steaming ahead, it won't be long before Kickstarter provides more arts funding than the National Endowment for the Arts, whose 2011 budget is only $154 million.

Flag This

1

Comments

Guest
 Join or Login
 Optional