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Hello today I'm going to talk about what's Kickstarter when it comes to crowdfunding.
Who needs money everyone right? Well Kickstarter might just be the lead website that brings together investors and people with a crazy idea together that is crowdfunding. Some say the Statue of Liberty got started due to crowdfudning because many people invested in it.
However, there are actually over 100 websites that do something similar to Kickstarter, so it's not the only player in town.
Kickstarter is dominant in the U.S. And is an all or nothing business model launched in 2009.
Here’s how it works: An inventor creates a page for his product, essentially pitching it to explain why it’s a worthwhile investment and why it’s important. Then he sets a funding goal and deadline.
If people get excited about the product and want to see it succeed, they can pl...
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