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Fact Card: Kickstarter

Fact Card is a series of posts summarising crowdsourcing and public decision making initiatives relevant to our project. Please post a comment or email us with any clarification.

Kickstarter

What?
Hardly in need of much introduction, Kickstarter is one of the most well-known crowdfunding tools and platforms for projects. After launching in April 2009, Kickstarter has helped fund more than 24 000 projects.

How does it work?

  • Registered users can create projects and run campaigns to fund them by offering rewards to other registered users (backers) in exchange for their donations.
  • ¬†Project creators choose a deadline and a minimum goal of funds to raise. If the chosen goal is not gathered by the deadline, no funds are collected. Project creators often upload video, images and other media on the project site and send updates on the project.
  • There is no guarantee that people posting projects on Kickstarter will deliver on their projects or use the money to implement their projects. Sponsors are advised to use their own judgment when supporting a project.

Who’s involved?
Project creators, backers (registered users can act as both). Kickstarter is run by Kickstarter Inc.

Status:
Active. Currently Kickstarter is restricted to US citizens, but there are ways to go around this. See more information on the Kickstarter website.

Website:
www.kickstarter.com

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