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That's pretty impressive. Kickstarter has a 5% fee (and Amazon their own processing fee) which means ~$50m in revenue for Kickstarter and $25M in revenue over t

by jonknee 13y ago

That's pretty impressive. Kickstarter has a 5% fee (and Amazon their own processing fee) which means ~$50m in revenue for Kickstarter and $25M in revenue over the last year. I wonder how long they'll keep with Amazon as payment processor, it seems like they're leaving a lot of money on the table.

jseliger 13y ago
I wonder how long they'll keep with Amazon as payment processor On the other hand, tons of people have Amazon accounts and using Amazon as a payment processor is really easy. I've only backed a handful of projects (https://www.kickstarter.com/profile/1482970964 https://www.kickstarter.com/profile/1482970964), but I was shocked at how simple it was to do so: click "okay" on Amazon, enter a password, and it's done.
VoxPelli 13y ago
They are only using Amazon for US-projects, all of their other sites fore their new countries pay "directly" to Kickstarter: https://www.kickstarter.com/help/faq/backer+questions#faq_41759 https://www.kickstarter.com/help/faq/backer+questions#faq_41...
- Tyrannosaurs 13y ago
  I know it says that but the UK definitely uses Amazon, at least it did when I backed something last night.
  - daeken 13y ago
    Were you backing a project at the UK Kickstarter, or are you in the UK backing a US Kickstarter? What payment backend is used depends on where the project is based, not the backer.
    - Tyrannosaurs 13y ago
      Good point - US based project.
deleted 13y ago
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selectout 13y ago
Isn't the 1bn just for pledged money though? Is there a breakdown of what percent of pledged dollars actually gets funded (when KickStarter takes their cut). Not saying they didn't do well, but I'd estimate the cut they make is somewhere closer to 30-40mm and not 50mm.
- jonknee 13y ago
  Correct, but the total is higher than your estimate: https://www.kickstarter.com/help/stats https://www.kickstarter.com/help/stats $859M in successful dollars which comes to $43M, though that doesn't count current pledges for projects that will go on and succeed (there are currently $24M "live" dollars).
adam_baratz 13y ago
here's a podcast on this very subject: Its actually really interesting. http://www.npr.org/blogs/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy http://www.npr.org/blogs/money/2013/10/04/229224964/episode-...

by jonknee 13y ago

jseliger 13y ago

I wonder how long they'll keep with Amazon as payment processor On the other hand, tons of people have Amazon accounts and using Amazon as a payment processor is really easy. I've only backed a handful of projects (https://www.kickstarter.com/profile/1482970964 https://www.kickstarter.com/profile/1482970964), but I was shocked at how simple it was to do so: click "okay" on Amazon, enter a password, and it's done.

VoxPelli 13y ago

They are only using Amazon for US-projects, all of their other sites fore their new countries pay "directly" to Kickstarter: https://www.kickstarter.com/help/faq/backer+questions#faq_41759 https://www.kickstarter.com/help/faq/backer+questions#faq_41...

Tyrannosaurs 13y ago
I know it says that but the UK definitely uses Amazon, at least it did when I backed something last night.
- daeken 13y ago
  Were you backing a project at the UK Kickstarter, or are you in the UK backing a US Kickstarter? What payment backend is used depends on where the project is based, not the backer.
  - Tyrannosaurs 13y ago
    Good point - US based project.

deleted 13y ago

[deleted]

selectout 13y ago

Isn't the 1bn just for pledged money though? Is there a breakdown of what percent of pledged dollars actually gets funded (when KickStarter takes their cut). Not saying they didn't do well, but I'd estimate the cut they make is somewhere closer to 30-40mm and not 50mm.

jonknee 13y ago
Correct, but the total is higher than your estimate: https://www.kickstarter.com/help/stats https://www.kickstarter.com/help/stats $859M in successful dollars which comes to $43M, though that doesn't count current pledges for projects that will go on and succeed (there are currently $24M "live" dollars).

adam_baratz 13y ago

here's a podcast on this very subject: Its actually really interesting. http://www.npr.org/blogs/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy http://www.npr.org/blogs/money/2013/10/04/229224964/episode-...