Kickstarter Passes $1B In Crowdfunded Pledges From 5.7M People | TechCrunch - 0 views
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robford-jlm on 03 Mar 14What can I say about Kickstarter, we have all heard of it, used it (or at least wanted to), and watched our favourite projects grow, and now it has officially passed the 1 billion dollar pledge mark. For the uninformed Kickstarter is a website that allows people and companies alike to market their product and 'crowd source/ crowd fund' their idea. According to Kickstarters statistics page, the company passed the mark mere hours ago and did so with 5.7 million backers. Was all this money for naught? Well, there have been 131,000 projects proposed on the site and 44% of them have been successfully funded and of those funded there has been less than stellar reports of full completion of projects. Despite this, however, this marks a major milestone in internet business. This company has done the impossible, be profitable and make the dreams of others come true. This service is a great sign of the internet's importance to business. Being an entrepreneur is easier than ever, a couple clicks gives you an audience of millions. Congratulations to the kickstarter team, hopefully the next billion comes quickly.