Some Wildly Successful Crowdfunded Start-ups that Had Us Surprised
A successful crowdfunding campaign can take your business to reach the next level and some start-ups whose crowdfunding campaigns managed to do just that.
From virtual reality headsets to card games and television shows, crowdfunding is a lucrative way to get business ideas fly off the ground. Crowdfunding sites like Indiegogo or Kickstarter can get the money needed by you to expand your business. Successful crowdfunding campaigns reveal that the average campaign raises $7,000. Some crowdfunding campaigns are destined to go viral in the process. The wildly successful businesses and products that started with crowdfunding:
Get this one-tech tool that your start-up really needs, for free. Compass, a single app management system, enables access of all business apps, with a single password, enabling review of key metrics from each apps, on one screen. No searching for passwords, ensures more time for your business. Oculus, the popular VR headset, was bought over by Facebook for $2 billion in 2014. Oculus earlier launched a Kickstarter campaign, seeking $250,000 to make the Oculus Rift headset real. Within four hours, they reached the target, eventually raising $2.4 million.
Having raised $27.9 million within a month, Pebble’s crowdfunding record, was history. This high-tech, 3D laser printer enables printing on leather to plastic to make neat products. The printer was offered at a substantial discount during the crowdfunding campaign and in 2018, $10 million more was raised from other investors.
Success in crowdfunding campaigns isn’t only for cutting-edge products. Viral campaigns revived their nostalgia project as the TV show “Veronica Mars”, was made into a movie, seven years after going off the air. Fans raised $5 million for the film, premiering in 2014, and grossed $3.4 million.
With enough forgetful people everywhere, Tile is a Bluetooth-connected device, for locating misplaced items. The toggle, strapped to a key ring or a phone case, connects with the app and a beacon reaches your hidden item. Kickstarter was successful, achieving the $200,000 goal within 24 hours of page-launch, and secured over $2.5 million.
The Coolest Cooler
The Coolest Cooler fundraiser mixes a success story with some caution. The cooler has an inbuilt ice-crushing blender, a USB charging port, a Bluetooth speaker, and more features, raised over $13 million on their campaign on Kickstarter. But demand soon outpaced their capacity to deliver. The company raised an additional $15 million to fulfil orders from the crowdfunding effort.
A versatile comprehensive travel jacket BauBax has had two great back-to-back crowdfunding campaigns. The first raised $9.2 million on Kickstarter, and followed by a $2.3 million funding with Indiegogo. Like Coolest Cooler above, they faced challenges when demand outstripped production capacity.
This tiny desk toy aptly called a baby toy for adults, secured $6.4 million on Kickstarter. The product was copied by umpteen knock-offs, inspired by its simple design, which retains popularity among hyper-energetic misfit adults in an office working environment.
Flow Hive produces a beehive box for your home enabling easy honey extraction from hives without disturbing the bees. In 2015, Flow Hive’s campaign on Indiegogo sought $70,000 to bring their product to market. After going viral, Flow Hive raised $250,000 on pre-orders, smashing many Indiegogo records to become the fastest campaign securing $2 million and ended up with over $13 million.
More in Crowd Funding
Useful Real Estate Strategies at Various Stages of an Investing Career
There is no one perfect investing approach, as real estate investors are aware. At various phases of your investing career, investigate...April 17, 2023
Odd Wills Drafted by Celebrities that Left Us Confused
Celebrities leave enormous sums in their wills when they go for the New Frontier because they have taken care of their...April 13, 2023
A Tiny House Sounds Perfect in This Dicey Economy, Should You Get One?
Booms in the housing market are advantageous for investors and sellers, but difficult for purchasers. Buyers are buying 400 square foot...April 11, 2023
Inflation forces 38% of American Adults To Delay Major Purchases
Many American adults are delaying major milestones such as buying a house or buying a car due to inflation. 51% of...April 4, 2023
Steps to Create a Crowdfunding Project and Secure the Money Needed
Your crowdfunding campaign can be successful if you use tried-and-true tactics. Crowdfunding has exploded in recent years, helping to launch prosperous...April 3, 2023
Booking a 4 or 5 Star Hotel for Your Next Vacation? Do You Know What Those Ratings Mean?
The five-star hotel rating designates the most opulent and renowned hotels around the world, as the services, architectural style, design, amenities,...March 30, 2023
These Hotel Room Requests Made by Celebrities Have us Shocked!
An oven, white lilies, a red carpet? If you can think it, celebs have already demanded it. Right from Jennifer Lopez’s...March 29, 2023
Why The Digital Nomad Lifestyle is Increasing in Popularity
The digital nomad movement is now quite popular, and by the year 2025, 22% of the workforce in the United States will...March 28, 2023
Getting Yourself a Mortgage is Easy with These 8 Steps
A red-hot housing market and rising mortgage rates complicates home-purchase processes; be prepared and study the mortgage process before home shopping....March 21, 2023
You must be logged in to post a comment Login