Kickstarter opened it’s doors to British on October 31, 2012. The crow funding projects collected over 22.5 million pounds (26.6 million euros) in a year! The website allows start-ups and individuals to publish their projects. They set a financial goal and ask visitors to contribute. If enough money is collected, the product is made and get the investors as a first instance. When the initial goal isn’t achieved the visitors get refunded. Researcher can predict the success rate of kickstarter within hours after launch with sidekick.
Statistics for UK-based projects (October 31, 2012 — October 31, 2013)
Total Pledged: £22,481,158 ($35,097,865)
Successfully Funded Projects: 1,558
Over the past year, more than £22 million ($35 million US) was pledged to projects in the UK — that’s £43 per minute. Backers successfully funded more than 1,500 projects in all 13 categories.
Total Backers of UK projects: 322,536
More than 300,000 people from around the world backed a UK-based project over the past year. The UK had the most backers of UK-based projects, but backers from the US and EU weren’t far behind.
UK-based Project Backers, by location
- UK: 40%
- US: 26%
- EU: 21%
- Rest of the world: 13%