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A person with a great idea for a start - up business usually had limited options when it came to funding. They could borrow from
A person with a great idea for a startup business usually had limited options when it came to
funding. They could borrow from friends and family, hope for an angel investor, or rely on their
hopefully vast personal fortunes. That is until Kickstarter came along. Founded in
Kickstarter helps startups find capital through crowdfunding. Rather than take out loans or hope
to meet billionaire investors, startup hopefuls can post a description of their dream project on
Kickstarter, set a funding goal, and then ask visitors to the website to make contributions toward
that goal.
The first Kickstarter campaign was launched by an artist, who asked for a grand total of $ so
that he could create some drawings. Since then, fundraising goals have been set significantly
higher. For example, Pebble Technology used Kickstarter to raise $ million to create its
EPaper Watch, while Ouya raised $ million to launch its Androidpowered video game
machine. But, regardless of the dollar amounts raised, most of the campaigns on Kickstarter
feature small, independent companies or individuals that might otherwise be passed up by
traditional avenues for investment.
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