Vox Video on Crowdfunding
/I came across this video and I think it was very helpful to understand crowdfunding. It's a fun way to understand crowdfunding websites, like Kickstarter, and be given an example that is familiar.
Crowdfunding is when many people back a project by funding a small amount to help reach a goal. The larger the crowd, the easier it is for a project to be successful. The video stresses the importance of raising a crowd. What Exploding Kittens did was create different rewards for backers to get or achievements that kept bringing people back to their Kickstarter. This built a sense of community and helped Exploding Kittens raise almost $9 million dollars.
The Exploding Kittens projects was a good example of a successful Kickstarter. Other creators looking to launch their own projects on Kickstarter can learn from Exploding Kittens to help in creating a community around their project and hopefully get funded.