When you need to raise capital quickly, you have a few different options. You can turn to your family and friends, work with angel investors, go on television or work with investment companies. Thanks to several crowdfunding websites, you now have another option. These sites let you create a page dedicated to your company, project or idea. You decide what you want to give investors before your page goes live. If you think that crowdfunding won’t work for you, it’s time to take a look at some of the projects that reached their goals in the shortest period.
Card games are hot right now, and the founders of the game Exploding Kittens decided to turn to Kickstarter for help launching their new game. The three friends launched their page in the hope of making $10,000 to pay for the printing and manufacturing of their game. They reached that goal in less than 10 minutes and made an additional $100,000 in less than an hour. The game eventually raised more than $8 million.
The founders of Pirate3D Inc. wanted to create 3D printers that anyone could afford. They created a crowdfunding page to raise $100,000 and raised more than $1 million by the end of the project. Pirate3D allows users to submit designs online and share their designs with others, which means that anyone with a 3D printer can print the creations submitted by others.
Super Troopers 2
The Broken Lizard comedy group released the cult film Super Troopers and planned a sequel to that film, but the studio responsible for distribution later stated that it would not help make or release the movie unless the group paid for the majority of the film themselves. The group responded with an online crowdfunding campaign to raise $2 million. They raised the total amount just over one day after the project went live.
The developers behind Chipolo created a device that allows users to monitor their favorite electronic devices and prevent thefts. The founders of the device created an online campaign to raise $25,000. They met their goal within a few days and eventually raised nearly $300,0000. While the project was still live, the company began manufacturing and distributing the Chipolo device to those who donated a specific amount.
Launching a crowdfunding project is a simple way to reach millions of people who might invest in your project. These companies and projects raised millions in just a short period of time. Get some more help and funds for your project when you create your own page on Kickstarter and other sites and when you read about investors like Peter Briger on Wikipedia.