Monday, February 28, 2011

Need To Raise Money for your Art in This Economy? Try Crowdsourcing.

How does it work? You describe your project at Kickstarter [Link], and the budget, and people can contribute anything from $1 on up to your project. You have 90 days for the stated sum to be reached, and if it is not, you get nothing. About 45% of the projects meet their goal.

The site was founded by Perry Chen, Yancey Strickler, and Charles Adler in 2009 with the aim of cutting out middlemen/agencies and bring artists and those willing to find them together.

The artists keep their patrons updated as to the progress of their project and give them a chance to see their dollars at work.

In 2010 Kickstarter got $27.6 million pledged.
3,910 projects were funded.
386,373 people pledged money.
50m pageviews
8m total visitors

And, don't forget: Kickstarter works both ways. For the price of a Happy Meal you can become a patron of the arts on a small but significant scale.

Source: [Link]

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