Posts Tagged: "Kevin Prince"

Kickstarter is becoming more popular given the press it has received from the New York Times, CNN and NPR, but are they successful at raising money for people? According to Kickstarter just over 10,000 projects have been started and a little less than half have been fully funded and have gone forward. Of particular interest to those seeking funding is that Kickstarter takes no ownership interest in any underlying intellectual property rights associated with the projects, it is free to post a project, and the fees collected if a project is successful are under 10% (i.e., Kickstarter collects a 5% fee from the project’s funding total if and only if a project is successfully funded and credit card processing fees generally take up another 3-5%).