If Canada is going to support the crowdfunding model here, as the U.S. has decided to do with the passage of the JOBS act, then it must consider one important question: How likely are crowdfunded startups to succeed, and return money to the investor?
Jeanne Pi at AppsBlogger made an extensive post looking at Kickstarter statistics, complete with an infographic, based on data from June 23. There are several eye-opening data points, mostly showing how touch it really is to succeed on the crowdfunding platform. For example, 9 out of 10 failed projects do not even reach 30 per cent of their funding goal. Less than five per cent of projects more than double their funding goal, and being featured by Kickstarter was the biggest predictor of success - 89 per cent compared to 30 per cent without being featured.
To read the full, original article click on this link: Kickstarter's poor success rate shows crowdfunding risks
