Feb 8, 2011
Crowdfunding’s growing up.
On one such site, 13,512 people recently raised nearly $1 million for a Chicago designer. And fan-funding sites are now bankrolling albums from established music acts, not just dodgy indie bands.
But just how much are these services making for members, and for themselves?
I’ve spent the last few weeks collecting data on the sector, by talking with all the main crowdfunding platforms…
My conclusion: an estimated $80 million has been pledged through these sites, by fewer than a million supporters. But not everyone gets funded, and returns for the sites themselves appear modest.
Is Crowdfunding Working? Here’s What We Know | paidContent:UK