Kickstarter Revenues Are Going Up, Up, Up

Kickstarter logoThe crowdsourced funding hub garnered some $50 million in pledges to date. Revenue is a lot more conservative though, standing at just $2 millions thanks to Kickstarter policy that it keep only 5% of money raised for a project. This isn’t the first time Kickstarter is featured here at NY Tech Blog either. At two years old, Kickstarter has succeeded in making its core service a success thanks to several thousand projects that have scored enough funding to be realized. There’s no pattern or formula with Kickstarter, with successful funding rounds (to borrow the term) propelling all sorts of ideas and ventures into reality, including a film, a few gadgets, and even a startup.

Though the disparity between money pledged and actual revenue is striking, the good news is Kickstarter’s reputation has been growing at a steady pace. It recently played a big role in the Turf story, where WeWork Labs resident Michael Tseng posted his app for friends and fans to fund.

The earliest mention of Kickstarter in NY Tech Blog came last year from Nate Westheimer, who opined:

“They follow the trend of helping people for causes, but you only have to pay the money if people commit to it. This year they will really break out.”

Via: Business Insider

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  • Dwilbs

    Can you expand on this story and actually document what it is they do to help causes other than collect 5% and amazon collecting another 5%. It's a great concept for the creators to make money doing nothing.

  • Dwilbs

    Can you expand on this story and actually document what it is they do to help causes other than collect 5% and amazon collecting another 5%. It's a great concept for the creators to make money doing nothing.

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