Quantcast
fastlane insider
Results 1 to 5 of 5
Like Tree3Thanks / Likes
  • 3 Post By Rickson9

Thread: Million Dollar Kickstarter Projects

  1. #1
    Rickson9 is offline
    Fastlane Expert
    Reputation Speed
    210 kph

    Joined
    Sep 2010
    Locale
    Canada
    Posts
    1,522
    Blog Entries
    1
    Rickson9's Avatar

    Default Million Dollar Kickstarter Projects

    Pebble
    before February, no Kickstarter project had ever raised over $1 million, but since then, seven projects have surpassed $1 million, including the current #1, Pebble, which raised an astonishing $10 million. And this growth applies to multiple categories, not just sexy wrist watches.

    Ministry of Supply
    Ministry of Supply set out to raise $30K and has raised $288K to date, sneaking up on the $291K raised by Flint & Tinder for their men's underwear - currently the most-funded fashion project on Kickstarter.

    Coffee Joulies
    Dave Jackson and Dave Petrillo, two mechanical engineers from New Jersey, were tired of the foibles inherent to coffee drinking...The team set out to raise $9,500 but brought in over $300K and is one of the top 15 Design projects on Kickstarter to date.

    Ramos Alarm Clock
    The Ramos Alarm Clock was developed by a team of engineers in NYC. It’s an old-school, neat-looking clock that displays time in a funky way and includes a wireless alarm deactivation panel that forces you to get out of bed to turn off the alarm. The team set out to raise $75K, but made double that and was even teased on Saturday Night Live.

    ZPM Expresso
    ZPM Espresso, the makers of a high-tech espresso machine called the Nocturn, set out to raise $20K, but made nearly $370K on Kickstarter. The machine offers PID controls, programmable presets, adjustable temperature and pressure settings, and open-source software to boot — to the delight of coffee geeks everywhere.

    Amanda Palmer
    Amanda Palmer has the most-funded Music project on Kickstarter to date. She set a $100K goal and made over $1.1 million. Amanda’s goal was pretty simple: It was to raise money to release her new album.

    Read the full article at Kickstarter Fastlaners

  2. #2
    Johnathan Ta is offline
    New Driver
    Reputation Speed
    10 kph

    Joined
    Jul 2012
    Posts
    47
    Blog Entries
    5
    Johnathan Ta's Avatar

    Default

    Absolutely incredible.
    It goes to show, no matter how far fetched an idea may seem in brainstorming stages,
    if a product will benefit a person, a product will succeed.

  3. #3
    Determined2012 is offline
    Fastlane Driver
    Reputation Speed
    60 kph

    Joined
    Jun 2012
    Locale
    Chicago, IL
    Posts
    245
    Blog Entries
    5
    Determined2012's Avatar

    Default

    I spent some time reading the different projects on kickstarter last night!

    I was SHOCKED by some of the things that got funded. In my mind I kept checking it against NECST and a lot of it wasn't meeting that formula, but almost all of the projects I saw were funded WAY over budget...

  4. #4
    InMotion is offline
    Fastlane Veteran
    Reputation Speed
    85 kph

    Joined
    Mar 2011
    Posts
    722

    InMotion's Avatar

    Default

    Quote Originally Posted by Rickson9 View Post
    Ministry of Supply
    Ministry of Supply set out to raise $30K and has raised $288K to date, sneaking up on the $291K raised by Flint & Tinder for their men's underwear - currently the most-funded fashion project on Kickstarter.
    Anyone have any stories of funding businesses from a napkin?

    So im curious...investors don't seem interested in investing money to actually develop the product, too risky, they usually want product+sales etc. So have people raised money on crowd funding sites with prototypes/concepts. Usually its the entrepreneur/inventor who fronts the development cost. Physical products can be expensive to develop.

  5. #5
    theag is online now
    Capitalist Pig
    Reputation Speed
    155 kph

    Joined
    Jan 2012
    Locale
    Switzerland
    Posts
    1,308
    Blog Entries
    8

    theag's Avatar

    Default

    Quote Originally Posted by InMotion View Post
    investors don't seem interested in investing money to actually develop the product, too risky, they usually want product+sales
    Thats true for some investors. But for some startups, especially in the B2C space its important to "sell the dream" to investors. Of course a prototype and some users/customers always help. But this can also backfire if your user/customer base grows to slowly for investors to consider you worthwhile. For B2B you can try to get pre-sale agreements with customers to finance development.

  6. Speed Up Your Fastlane Process! MJ Recommends The Following Books...

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Kickstarter: Behind The Numbers
    By Rickson9 in forum General Entrepreneurship and Startup
    Replies: 4
    Last Post: Jun 12th, 2012, 09:22 AM
  2. About to begin kickstarter
    By bmarone in forum Vendors, Partners, Investors, Employees, Outsourcing, Etc
    Replies: 4
    Last Post: Apr 24th, 2012, 06:34 AM
  3. How To Raise $3.6m On Kickstarter
    By Rickson9 in forum The Fastlane
    Replies: 1
    Last Post: Apr 17th, 2012, 01:00 PM
  4. Your Kickstarter Experience
    By LianaWesten in forum General Entrepreneurship and Startup
    Replies: 31
    Last Post: Mar 14th, 2012, 04:52 PM
  5. KickStarter.com
    By psynapse in forum General Entrepreneurship and Startup
    Replies: 3
    Last Post: Sep 27th, 2010, 09:38 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •