Crowdfunding

In the past 2 years crowdfunding has become extremely popular. The number of sites and projects has exploded although experts disagree on the exact number of each, the scale is striking. According to Google Trends data the number of people searching for crowdfunding has increased 50x during 2012 and then doubled from its peak in 2012 to its peak in 2013. For some other statistics from May of this (2013) year:

  • $5.1 Billion is estimated to have been raised in 2013
  • More than 1 million successful campaigns in 2012
  • 43% use an escrow account model, 63% use PayPal
  • Average successful campaign is around $7000 and lasts 9 weeks.

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