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Project backers do not have to reside in the United States.Īlthough there is no guarantee that projects will be delivered and that the funding money will be used directly on the project, Kickstarter has enabled a multitude of projects to come to fruition with first projects being shipped after completing development. Until October 2012, the website required projects to be based in the United States before opening to the United Kingdom and later Canada in September 2013. Each project has a deadline and if the pre-set funding goal is not met, no funds are collected. The site enables creators to generate funding for their projects, circumventing traditional avenues of investment and opening the market for niche productions. dollars, more than twice as much as Pebble Time.įounded in 2009, Kickstarter has turned into one of the most prolific crowdfunding platforms worldwide. In 2022, however, the crowdfunding project Surprise! Four Secret Novels by Brandon Sanderson raised nearly 42 billion U.S. In March 2015, Pebble's second smartwatch project completed its crowdfunding and publicity run with 20.34 billion dollars raised in Kickstarter pre-order funding, becoming the most successful Kickstarter project as of July 2021. Up until then, Pebble e-paper watch had held the title for the highest funded project on the crowdfunding website with 10.27 million US dollars. At the end of August 2014, the Coolest Cooler finished its Kickstarter run with more than 13.28 million U.S.