A latest report showed that the well-known crowd funding website Kickstarter has created over $ 5.3 billion economic benefits for public as it offered each project sponsor additional $ 2.46 benefit when they sponsor each dollar.
The report was made by Ethan Mollick, assistant professor, the Wharton School of the University of Pennsylvania. He started studying Kickstarter from 2012, concerning 61,654 projects from 2009 to 2015. He found the projects which obtained fundings on Kickstarter have created 8,800 new companies and agencies 6 six years.
He predicted that Kickstarter created 29,600 full-time jobs and 28,300 part-time jobs. 19% of project owners got new jobs as they posted the project on Kickstarter.
Kickstarter was established in April, 2009 in New York city. With this platform, project founders can upload their ideas and raise funding through the internet. Those people who buy their ideas will become the sponsors, and get promise from project founder for the sponsorship.
Kickstarter developed fast in two years. It is now becoming one of the well-known and good reputation crown funding websites. There are 15 blocks on Kickstarter: Art, Comics, Crafts, Dance, Design, Fashion, Film&Video, Food, Games, Journalism, Music, Photography, Publishing,Technology and Theater.
A successfully example Oculus Rift raised crow funding on Kickstarter. Palmer Luckey, the project founder, raised $2.5 million from Kickstarter sponsors. It was acquired by Facebook for $ 2 billion in March, 2014.
Kickstarter charges commission once the projects finish crow funding. It is a major source of income. It became a public benefit cooperation in September, 2015.