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May 29th, 2013 at 9:30 am

Kickstarter hits 100,000 funded projects, $631 million in total pledges

Kickstarter founders Charles Adler, Perry Chen, and Yancey Strickler

Kickstarter, a crowdfunding website, has hit a major milestone.  It finally passed over 100,000 campaigns, according to statistics released by the company. In the three years since it launched, Kickstarter has made otherwise nontraditional crowdfunding a legitimate form of project financing.

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NOTE:  On July 13, 2013, the DaVinci Institute will be hosting Kickstarter Academy, an in-depth workshop on how to leverage Kickstarter for your startup.

The company announced the new numbers via Twitter today saying, “It’s official! Over 100K projects have launched on Kickstarter. Can’t wait to see what comes next!”

However, while it has hit 100,000 projects, not all of them have been successful. In fact, only a little under half of those projects actually survived to the end. That’s because in order to be successfully funded on Kickstarter, you must hit a certain dollar goal in a specified amount of time. As Kickstarter notes, it’s those projects that ask for $10,000 or less that usually hit their goals. Thirty-three projects raised over $1 million out of the 42,150 total that survive.

One of the projects was the recent Veronica Mars campaign that amassed $2 million in 10 hours alone. It broke the record for fastest time reaching the $1 million mark. It did so in four hours, beating out a PC game — Torment: Tides of Numenera — which originally held the record. This has led to other celebrities using the service for similar means such as Zach Braff, whose Kickstarter for a Garden State sequel raised over $3.1 million.

Photo credit: Kickstarter

Via Venture Beat

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