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Optimize your crowdfunding success
Meredith Trotter
The Challenge
Can I predict the success
of your crowdfunding campaign
using information you would have
BEFORE
you commit to a platform?
How I Did It
Scraped data:
25 000+ Kickstarter campaigns
25 000+ Indiegogo campaigns
Stored Mixed Bag of Variables:
Funding goal, Story, Category, Duration
Videos, Pictures, Links, Perks
Models: Random Forests
Classifier for funding success/failure
Regressor for expected total pledges
Findings
Kickstarter Indiegogo
Accuracy: 0.83, Precision: 0.78 Accuracy: 0.82, Precision: 0.89
FeatureImportance
Validation: 80/20 Test/Train Split
Are people choosing the right site?
Kickstarters
Indiegogoers
Kickstarters
Indiegogoers
57% of Kickstarters, 78% of Indiegogos
predicted to do better on Kickstarter
66% of Kickstarters, 70% of Indiegogos
predicted to make more $ on Kickstarter
Meredith Trotter
Optimize Your Crowdfunding Campaign With Data Science
Optimize Your Crowdfunding Campaign With Data Science
Optimize Your Crowdfunding Campaign With Data Science

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Optimize Your Crowdfunding Campaign With Data Science

  • 1. Optimize your crowdfunding success Meredith Trotter
  • 2.
  • 3. The Challenge Can I predict the success of your crowdfunding campaign using information you would have BEFORE you commit to a platform?
  • 4. How I Did It Scraped data: 25 000+ Kickstarter campaigns 25 000+ Indiegogo campaigns Stored Mixed Bag of Variables: Funding goal, Story, Category, Duration Videos, Pictures, Links, Perks Models: Random Forests Classifier for funding success/failure Regressor for expected total pledges
  • 5. Findings Kickstarter Indiegogo Accuracy: 0.83, Precision: 0.78 Accuracy: 0.82, Precision: 0.89 FeatureImportance Validation: 80/20 Test/Train Split
  • 6. Are people choosing the right site? Kickstarters Indiegogoers Kickstarters Indiegogoers 57% of Kickstarters, 78% of Indiegogos predicted to do better on Kickstarter 66% of Kickstarters, 70% of Indiegogos predicted to make more $ on Kickstarter