Legal Blog

Read|Delete – 12.9.13

Key websites for Crowdfunders*:

Site Started # of projects hosted Avg. pledge What it charges
Kickstater 2009 51,007 $25 5% for successfully funded projects (i.e. those that meet goals)
Indiegogo 2008 150,000 $70 4% of money raised for projects that meet fundraising goal;9% for projects that don’t meet fundraising goals

*Crowdfunding is the process of raising money in small increments through individuals. Source: “Get to know the crowdfunders,” Baltimore Business Journal, Vol. 31, No. 27, Nov. 8 – 14, p.11.