Kickstarter is a new way to fund creative projects.
We believe that:
• A good idea, communicated well, can spread fast and wide.
• A large group of people can be a tremendous source of money and encouragement.
Kickstarter is powered by a unique all-or-nothing funding method where projects must be fully-funded or no money changes hands.
------------------------------------------------------Kickstarter is built on a great business model, and technology is fueling their strategy! If you apply to receive funding for your project, regardless of the amount, if you don't get 100%, you won't get anything! It's based on the theory of group funding; moreover, to entice people to donate to your project, you give them incentives. For example, if you make a new product for iPads, you can offer a $100 package, and give your customer one of your products, and a discount for the next purchase. In addition, there are many offerings you can have.
Web 2.0 technologies and social networks are fueling the rapid growth of Kickstarter. Five years ago the concept of croud sourcing would be hard to manage the volume and number of projects. Today, databases, web specific programming architectures, and advancements in HTML 5 are creating a gold rush of possibilities. In conclusion, if you have the idea, you can grow your customer base and revenues through web 2.0 technologies, and make the next big idea.
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