Distribution of unsuccessfully funded projects on Kickstarter 2024
The total number of unsuccessfully funded projects on the crowdfunding platform Kickstarter amounted to 361,137 as of January 2024. The number of projects that were 0 percent funded was 56,327, and there were roughly 6,470 projects that did not reach the funding goal but achieved 81-99 percent of the total funding required.
Crowdfunding failure
Putting yourself, your ideas and your projects out into the world and subjecting them to the possibility of public scrutiny is not the easiest pill to swallow for many people, and failure can be difficult to accept. The over 361,000 unsuccessfully funded projects on the U.S. crowdfunding platform Kickstarter are no exception to the crowdfunding industry. Many crowdfunders fail to get the backing they require from investors, but that it does not imply that there are not a lot of successfully funded projects emerging from the crowdfunding arena. The concept of crowdfunding is growing all over the world, as is the number of platforms on which entrepreneurs can get their ideas funded.
When embarking on a crowdfunding campaign, it is important to have a solid plan in place. Failure of a campaign by not reaching the financial goal can go some way to changing the public's perception of the project, business and online reputation of the company before it even has a chance to get off the ground. However, with the economic climate the way it is, crowdfunding has been widely praised as a suitable alternative to conventional methods such as lending from banks or finding accredited investments.
Crowdfunding failure
Putting yourself, your ideas and your projects out into the world and subjecting them to the possibility of public scrutiny is not the easiest pill to swallow for many people, and failure can be difficult to accept. The over 361,000 unsuccessfully funded projects on the U.S. crowdfunding platform Kickstarter are no exception to the crowdfunding industry. Many crowdfunders fail to get the backing they require from investors, but that it does not imply that there are not a lot of successfully funded projects emerging from the crowdfunding arena. The concept of crowdfunding is growing all over the world, as is the number of platforms on which entrepreneurs can get their ideas funded.
When embarking on a crowdfunding campaign, it is important to have a solid plan in place. Failure of a campaign by not reaching the financial goal can go some way to changing the public's perception of the project, business and online reputation of the company before it even has a chance to get off the ground. However, with the economic climate the way it is, crowdfunding has been widely praised as a suitable alternative to conventional methods such as lending from banks or finding accredited investments.
