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> Just a couple days ago, I read that three times as much money is raised from crowdfunding than from VC. Citation required. That doesn't sound possible.
by apetresc 12y ago
> Just a couple days ago, I read that three times as much money is raised from crowdfunding than from VC.
Citation required. That doesn't sound possible.
- MichaelCrawford 12y agoI found the cite in an article by a VC, linked from HN. I'll post it for you but not just now as it will take me a while to dig up my bookmark, also I need to get some sleep. I'm skeptical too, but that's what the VC did claim.
- apetresc 12y agoAccording to Kickstarter's own metrics (and I'm sure we agree that they're the clear winner in this space), there's been a total of about $1.5B in funds raised TOTAL, over the lifetime of the site: https://www.kickstarter.com/help/stats https://www.kickstarter.com/help/stats Conversely, there was nearly $30B in VC money committed in 2013 alone: http://www.pwc.com/us/en/press-releases/2014/annual-venture-investment-dollars.jhtml http://www.pwc.com/us/en/press-releases/2014/annual-venture-... So it's not even close to being close. Maybe there's 3x more crowdsourced projects funded than companies backed, but most KS projects are funded for a few thousand dollars.