Kickstarter passes $1B in pledges • Hacker News Board

Re: Kickstarter passes $1B in pledges

#41

Post by oblio » Mon, Mar 03, 2014, 4:30 PM UTC

dzhiurgis wrote: post #29

toong wrote: post #13

I skimmed over the map to find some interesting data: * Averages are close to $200 per backer * USA has $175 avg per backer, but makes 2/3 of that $1B * The middle east (UAE, Saudi Arabia, Koeweit, ..) spends $400 up to almost $800 per backer * Antartica has 11 backers @ $337/backer :-) 4th place, after the middle east, After that, Norway ($280), Belgium ($250) Would be interesting to plot this data against the numbe…

I was looking how to skim the data and I couldn't find a way. Yes, it would be interesting to see the spending per capita & how it correlates to GDP.

Now find a way to correlate that to language and project country stats. As far as I can tell all Kickstarter projects have to be in the US/UK/Australia/NZ and of course, the entire site is in English.

UK contribution - 54 million $, German contribution - only 21 million $. Something is obviously off.

At this point I'd focus on horizontal growth - get in as many important geographies as possible, focus on key languages: German, French, Spanish, Chinese, Portuguese, Russian.

Re: Kickstarter passes $1B in pledges

#42

Post by oblio » Mon, Mar 03, 2014, 4:32 PM UTC

mastersk3 wrote: post #12

The country wise breakdown is fantastic, roughly indicates the startup culture present in the countries

Yes, the English only, US/UK/AU/NZ based startup culture.

Re: Kickstarter passes $1B in pledges

#43

Post by oblio » Mon, Mar 03, 2014, 4:33 PM UTC

Thiz wrote: post #28

Off topic but looking at the map, it validates the old libertarian axiom that the more liberties, the more prosperous the economy, the more donations for utilitarian causes. Who will feed the poor? Liberty will.

Get off your high horse, the stats are obviously skewed: https://news.ycombinator.com/item?id=7334642

Re: Kickstarter passes $1B in pledges

#44

Post by Tyrannosaurs » Mon, Mar 03, 2014, 5:18 PM UTC

resu_nimda wrote: post #33

quarterto wrote: post #7

"A million dollars isn't cool. You know what's cool?. A billion dollars."

"No, it’s not. It’s not cool. I think being a wealthy member of the establishment is the antithesis of cool. Being a countercultural revolutionary is cool. So to the extent that you’ve made a billion dollars, you’ve probably become uncool." - Sean Parker's response to his portrayal

Sean Parker, net worth $2bn.

(I guess that he probably knew the implication of what he was saying when he said it.)

Re: Kickstarter passes $1B in pledges

#45

Post by VoxPelli » Mon, Mar 03, 2014, 5:21 PM UTC

jonknee wrote: post #27

That's pretty impressive. Kickstarter has a 5% fee (and Amazon their own processing fee) which means ~$50m in revenue for Kickstarter and $25M in revenue over the last year. I wonder how long they'll keep with Amazon as payment processor, it seems like they're leaving a lot of money on the table.

They are only using Amazon for US-projects, all of their other sites fore their new countries pay "directly" to Kickstarter: https://www.kickstarter.com/help/faq/backer+questions#faq_41...

Re: Kickstarter passes $1B in pledges

#46

Post by mpg33 » Mon, Mar 03, 2014, 5:24 PM UTC

When will we see crowd equity sites? Ie invest in early startups and get equity in the company.

Re: Kickstarter passes $1B in pledges

#47

Post by [deleted] » Mon, Mar 03, 2014, 5:25 PM UTC

jonknee wrote: post #27

That's pretty impressive. Kickstarter has a 5% fee (and Amazon their own processing fee) which means ~$50m in revenue for Kickstarter and $25M in revenue over the last year. I wonder how long they'll keep with Amazon as payment processor, it seems like they're leaving a lot of money on the table.

[deleted]

Re: Kickstarter passes $1B in pledges

#48

Post by Tyrannosaurs » Mon, Mar 03, 2014, 5:26 PM UTC

VoxPelli wrote: post #45

jonknee wrote: post #27

That's pretty impressive. Kickstarter has a 5% fee (and Amazon their own processing fee) which means ~$50m in revenue for Kickstarter and $25M in revenue over the last year. I wonder how long they'll keep with Amazon as payment processor, it seems like they're leaving a lot of money on the table.

They are only using Amazon for US-projects, all of their other sites fore their new countries pay "directly" to Kickstarter: https://www.kickstarter.com/help/faq/backer+questions#faq_41...

I know it says that but the UK definitely uses Amazon, at least it did when I backed something last night.

Re: Kickstarter passes $1B in pledges

#49

Post by showerst » Mon, Mar 03, 2014, 5:35 PM UTC

mpg33 wrote: post #46

When will we see crowd equity sites? Ie invest in early startups and get equity in the company.

The SEC is in the process of changing the rules to allow this as part of the USA JOBS act [1]. I think the timeline still depends on them but you should start seeing those sites come live around Q4 2014.

[1] https://www.sec.gov/News/PressRelease/Detail/PressRelease/13...

Re: Kickstarter passes $1B in pledges

#50

Post by daeken » Mon, Mar 03, 2014, 5:47 PM UTC

Tyrannosaurs wrote: post #48

VoxPelli wrote: post #45

Earlier quoted context omitted.

They are only using Amazon for US-projects, all of their other sites fore their new countries pay "directly" to Kickstarter: https://www.kickstarter.com/help/faq/backer+questions#faq_41...

I know it says that but the UK definitely uses Amazon, at least it did when I backed something last night.

Were you backing a project at the UK Kickstarter, or are you in the UK backing a US Kickstarter? What payment backend is used depends on where the project is based, not the backer.