A few days ago, a friend of mine posted a link on his Facebook saying that his little cousin was trying to raise money for a youth t-shirt fishing brand. I thought that was interesting and I like to support fellow entrepreneurs, so I clicked on the link. I wound up on Kickstarter's website and watched a 3 minute video from this cute kid telling me all about what he was trying to do. He sold me! So I made a small donation for his project and investigated this Kickstarter thing a little further.
|Kickstarter company logo www.kickstarter.com|
money they pledge. These projects never get off the ground (aka get any of the $) unless they meet their funding goal 100%. Funding goals seem to vary anywhere from $1000 to $1 million. The key is you have to have a great idea and present it really well through videos and social media.
Anyone heard of Oculus Rift? They are a virtual reality video game console maker that raised $2.4 million on Kickstarter in September of 2012. Facebook went on to buy them for $2 billion. Another funding success story was the Pebble Smartphone watch, which raised over $10 million in 2012. There are many other big time projects that came out of Kickstarter and it is truly impressive.
My advice to all you entrepreneurs and creative geniuses. If you can't find the funding, get your idea on Kickstarter, you never know what could happen!