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Kickstarter has raised $1bn for crowdfunded projects

Over five million people have pledged
Mon Mar 03 2014, 14:56
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CROWDFUNDING WEBSITE Kickstarter has raised over $1bn for the projects that have appeared on its webpages.

The outfit said that half of that cash was donated in 2013 and added that the $1bn in cash came from 5.7 million people.

"The 5,708,578 people who have backed a Kickstarter project come from 224 countries and territories, and all seven continents," it said in information posted on its website.

The US has funded most of the cash, and has seen punters kick in $663,316,496 in investments. The UK, which is second, has parted with $54,427,475, and Canada is third, having put in $44,913,678.

There seems to be a small hard core of investors, people who have funded more than 50 projects. Kickstarter said that 1.7 million people have backed at least one product, while 16,000 have booked more than 50.

There have been some tempting items on Kickstarter, including the Pebble watch. Money is most regularly invested on Wednesdays, and judging by Kickstarter's tables the middle of the month is a boom time for investment.

While you might guess otherwise, family members apparently limit their investments, or more likely exposure, and of all the family members Mothers are the most frequent investors with 18 investments on average. Grandmothers are second with 17 investments and Fathers are third with 13 investments.

On 13 March last year $4,029,585.45 was pledged by 54,000 people to 1,985 projects. On the day that Kickstarter launched roughly 11 months earlier, just 40 people pledged $1,084 to seven projects. µ


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