Crowdfunding has been one of the best things ever to happen to artists and entrepreneurs.
Every year since 2010 artists have received more funds from crowdfunding than they have from the National Endowment of Arts. Meanwhile, it’s propelled new businesses, like Oculus Rift, which raised $2.4 million dollars on Kickstarter before being acquired by Facebook for $2 billion; and Pebble, one of the early trendsetters in smartwatches.
This “pennies from many” model allows many more people to pursue their creative and entrepreneurial visions. For prospective entrepreneurs, crowdfunding is an exciting way to generate attention, validate an idea, and perhaps most importantly, raise capital without going into debt.
But running a successful campaign is no walk in the park. That’s why we’ve put an infographic that gives you an overview of the two major crowdfunding platforms and the characteristics of successful campaigns. You’ll find in these two pieces everything you need to know about the right sort of product to crowdfund and how to transition to an enduring campaign afterwards, with data-driven advice on optimizing your campaign page.
In addition to up-to-date and novel advice, this guide includes in-depth interviews with four entrepreneurs who got their start with successful campaigns. These include interviews with Canary Home Securities, which raised $2 million to become Indiegogo’s most-funded hardware project; and Catan Boards, which raised 1,400% of its funding goal.
Today, we present The Ultimate Guide to Crowdfunding, as well as Crowdfunding 101, an infographic with the data analysis of 400,000 campaigns. Take a look