Kickstarter Presentation

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An overview of Kickstarter for EECS441

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Kickstarter Presentation

  1. 1. By Haley Vingsness
  2. 2. Products“Crowdfunding”
  3. 3. Financials• $10 million in funding• $150 million in pledges• Projects have raised $1-3 million• Keeps 5% of donations
  4. 4. History• Founded in 2005 by a waiter and a patron• Launched in 2009• Wanted funding for electronic music
  5. 5. Whats Interesting• Backers get something out of it (collateral)• People dont give up ownership of their ideas
  6. 6. Whats New• 3 projects have made over $1 million• iPod Nano watches are being sold in Apple stores
  7. 7. Secret Sauce• Funding is "all or nothing"• Only half of projects get funded• 94% of successful projects raise more than their goal
  8. 8. What do you want to know?• Do people realize theyre buying an idea?• What happens if the project fails?
  9. 9. Future Prognosis• Backing is skyrocketing• Avoid mistakes from failed projects

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