Today, Kickstarter announced that it had reached $1 billion in pledges, more than half of which were pledged in the last year. Founded in April of 2009, the platform has been a dominate force in the rise of crowdfunding, with well over 5 million people helping the company reach the $1 billion mark.
5,708,578 people on all 7 continents have pledged over $1 billion to projects on Kickstarter: https://t.co/GSj5TyJLKH
— Kickstarter (@kickstarter) March 3, 2014
Yancey Strickler, one of Kickstarter’s co-founders, wrote a blog post thanking all the backers. He says of the milesone:
It says that we’re excited by new ideas.
It says that we believe in each other.
It says that there’s more art and culture in the world than ever before.
It says that we’re a part of something bigger, something great.
It says that we’re not satisfied with the status quo.
It says that we can all create amazing things.
Kickstarter takes a 5 percent cut of all successful campaigns. According to TechCrunch, the $1 billion figure is an aggregate of successfully-funded projects, projects currently raising money and ones that were not successfully funded.
Here are some more insights from the company’s announcement:
- The top three countries for amount pledged are the U.S., U.K. and Canada.
- About 5.7 million people have backed projects on the platform.
- Almost 1.7 million people have backed more than one project.
- Eleven backers in Antarctica pledged over $3,700.
The highest-funded projects on the platform were Pebble, which got $10,266,845 from almost 69,000 backers; OUYA, which received $8,596,474 in pledges, and The Veronica Mars Movie, which got $5,702,153 from its backers.
Currently, the most popular projects that are still receiving funding are The Dash Wireless Smart Headphones with $2,536,493 pledged, the mini museum at $978,813 pledged, and the Pocket Drone with $733,746 in pledges.
Late last year, the S.E.C. proposed a set of guidelines for the regulation of crowdfunding. The time frame for comments closed last month, and entrepreneurs have criticized the proposed regulation. The SEC is currently reviewing the comments on the proposal, and are likely to complete its guidelines later this year.
Readers: Have you backed any crowdfunded projects?