What is Kickstarter ?
Kickstarter is an online crowdfunding platform that allows creators to fund creative projects by receiving financial pledges from the public. It operates on an "all-or-nothing" model, meaning a project only receives funding if it meets or exceeds its financial goal by a set deadline. In exchange for pledging money, backers can receive various rewards from the creator, such as the finished product or exclusive merchandise.
Since the platform launch, on April 28, 2009,
25 million people have backed a project, $9,249,541,875 has been pledged, and 288,059 projects have been successfully funded.
How it works ?
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Creators: Individuals or groups with creative projects, such as films, games, music, or technology, create a project page detailing their idea, goals, and required funding.
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Funding goals: Creators set a funding goal and a deadline.
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Backers: Anyone can pledge money to a project they want to support.
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Rewards: Project creators offer different reward tiers for backers based on their pledge amount.
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"All-or-nothing" funding: If the project's funding goal is not met by the deadline, no money is charged to the backers, and the creator receives nothing.
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Project completion: If the goal is met, the creator receives the funds and is responsible for completing the project and delivering the promised rewards to their backers.
