New Research Study: 7 Stats from 100,000 Crowdfunding Campaigns "California - Arizona - Mexico Water Swap" by @SIMONLLOYD65 on @LinkedIn https://www.linkedin.com/pulse/california-arizona-mexico-water-swap-simon-lloyd-dip-land-admin
If you’ve got an idea for a creative project, launching a pitch on Kickstarter might be your best shot. The site accepts and posts 75% of applicant ideas. And nearly 1/2 of these end up raising enough pledges to receive full funding. With project backers giving as little as $20 to projects, the incentives and interests of investors on Kickstarter are also younger and newer than anyplace else. Of the 28,000 projects funded in the past 4 years, the average funding goals were <$5,000.
In 2014, 34% of small businesses were unable to get adequate capital to expand or grow. Start-ups normally get funding from venture capitalists, bank loans, credit cards, family, investors, and personal savings. Over the last couple of years, however, start-ups have been seeking more funding than ever before through crowdfunding. This infographic, created by the New Jersey Institute of Technology’s Online MBA program, takes a closer look at the rise of crowdfunding.