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I 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

I 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 ago
According 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.