Kickstarter Passes $1 Billion in Crowdfunding Pledges

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We can probably guess, based on the media buzz, at the impact that the popular crowdfunding platform Kickstarter has had on aspiring startups and entrepreneurial endeavors, but with the recent release of the actual numbers of people (and money) pledged to crowdfunded projects, it’s apparent that the effects of crowdfunding in the new economy are staggering.

Today, Kickstarter announced that they’ve surpassed $1 billion in cumulative crowdfunding pledges, from over 5.7 million people, with more than half of that money being pledged in just the last 12 months.

Those pledges, which came from people on all seven continents, include donations from backers in 224 countries and territories around the world, proving that crowdfunding isn’t strictly a US phenomenon. Nor is it just for launching the latest gadgets and gizmos, because books, movies, games, music, and more, are all getting a piece of the crowdfunding action.

In addition to the huge figures for both financial backing and number of backers released by Kickstarter, their interactive graphics also highlight some interesting facts, such as that the most money pledged to their crowdfunding platform happens on Wednesdays, and the 13th of the month is the biggest day for pledges. The blockbuster day for Kickstarter so far happened on March 13th, 2013, when 54,187 backers pledged over $4 million to almost 2000 projects.

These backers, for the most part, aren’t one-trick ponies, as over 1.6 million of the backers have supported more than a single project, and almost 16,000 people have lent their support to more than 50 different crowdfunded projects.

“$1 billion means that people care about new ideas

And that sharing them with our friends

Our families

And the entire internet

Can lead to some amazing stuff

Here’s to all of the great ideas of the world,
all the ones yet to come, and all of you for being you.”

Along with the data graphics, Kickstarter also featured a few of the most infuential and helpful crowdfunding backers, including author Neil Gaiman, and offers up a comparison of what that $1 billion in pledges could buy, including 1.25 million iPhone 5s or Lebron James’ current contract for the next 50 years.

Check out Kickstarter’s One Billion page for more.

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