June 13, 2012 1 Comment
Interesting facts about KickStarter, the popular fundraising site. I have contributed to a few projects, but never think about what the failure rate of KickStarter projects is.
Originally posted on The Main Street Analyst:
Kickstarter is an innovative platform that helps entrepreneurs get funding needed for product development, but according to a new infographic, almost half of Kickstarter projects fail.
The infographic, created by AppsBlogger.com, looked at a total of 45,815 Kickstarter projects and nearly $215 million pledged funds. It shows that the secret to having a successful Kickstarter project is setting a realistic monetary goal and dedicating the right amount of campaigning days to spend on the site.
Shorter Kickstarter campaigns tend to better, with the average successful project lasting 38 days, compared to failed projects which averaged 43 days. Meanwhile, successful projects typically average $5,487 compared to failed projects which, on average, ask for $16,365…Read More