Great opportunity for innovators….kickstarter.com

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If you have a sparking technical idea, if you want to raise money for it you have a various options like VCs, Angel Investors etc.
But you go for these options you may have to wait for a long time and some times you are even not able to even get into their doors.
There is a better option for technical projects www.kickstarter.com

There was a engineering graduate who wanted to make a chain of E-Paper watch (Pebble) for I-phone and Android. This product has the features for emailing with all other controlling using i-phone or Android.For more details you can visit this link (click here).

What is the relation between kickstarter and pebble???

The pebble guys went to VCs like any other entrepreneur but they couldn’t make it. They were not able to raise a single penny from the market.
So what did they do???
They uploaded their project Idea on the kickstarter.com
Guess how much they could have raised by doing this??
$10000

NO

$30000

keep guessing

$60000

let me tell you….they raised $1 million from the market within a day.Which is not possible to any startup to raise through traditional sources like VCs or Angel Investors.

An amazing fact about kickstarter is that they have funded around 50% of their projects listed

Some words about kickstarter

“Kickstarter is an incredible platform. Its obvious purpose is funding, but we find ourselves gaining so much outside of collecting pledges. For us, Kickstarter has been a powerful tool to connect with a community passionate about our work.” — LUMI Co.

“…an unexpected influence on indie culture, a new model for a D.I.Y. generation.” The New York Times

Where does the money come from?

Each month millions of people visit Kickstarter to discover great projects, but momentum always starts with people you know. Who? Your friends and fans, and the people in the on and off-line communities that you’re a part of. If they like it, they’ll help spread it to their friends and fans, and so on and so on. A good idea, communicated well, can spread fast and wide.

How much should I ask for?

The average project is raising under $10,000, but many projects have raised significantly more. The key is understanding your reach. Think about your network and how your project and rewards might appeal to them.

What’s the average pledge per person?

Average pledge is $71, and the most common pledge is $25.

My ideas aren’t “big and important.” Is Kickstarter for me?

Absolutely! Kickstarter is for creative projects big and small, serious and whimsical, traditional and experimental. Small projects that you (or you and a few friends) can do over a weekend are perfect for Kickstarter

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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