What I Learned Running My First Successful Kickstarter Project

The crowd behind the crowdfunding

Over the past 32 days my fiancee and I have been running a Kickstarter project. We were trying to raise funds to build a teaching farm on an abandoned lot in Brownsville, Brooklyn. On Tuesday of this week we reached our goal of $23,000 dollars.

I’ve been writing about Kickstarter as a journalist for a while, but using the service myself really changed my perspective on how the company manages to successfully fund an incredible 43 percent of the projects it features on its site.

For a while I was critical of the fact that Kickstarter continued to curate by hand which projects were approved for funding. While the company has seen some incredible growth, at some point it seemed like they would lose their ability to reach web scale. I imagined they would need to take an open approach similar to Etsy if they really wanted to build their business.

But in chatting with our donors, I came to realize this selectivity creates the power of the Kickstarter brand. We received pledges from Australia to Hawaii and back again. A lot of these people had backed a dozen or more projects on Kickstarter. They had diverse interests across music, film, art and food. What they believed in was Kickstarter, and our project was one way of expressing that.  Read More

DIY

Quirky Has More Users and Ideas to Go With All That Money

Bits byte, let's make something.

Quirky, a crowdsourced creation platform,  just raised $16 million. What numbers were those venture heads looking at when they opened their wallets? Well Quirky recently partnered with Bed, Bath & Beyond, and company says this has spurred big growth.

Since the start of 2011 it has expanded its user base by more than 40 percent to over 78,000.

The average number of ideas submitted in each weekly round has doubled from 114 to 227. A show about the company is about to air on the Sundance channel, so expect that growth to increase.  Read More