Adam J. Bock & Denis Frydrych

We analysed more than 80,000 Kickstarter projects and found surprising success factors for raising capital. We observed one artist-entrepreneur’s campaign to reveal the secrets behind the statistics. To reveal the secret life of crowdfunding, we also report on a three year, in-depth study of one entrepreneur’s journey to create and produce an opera for children. Cory Cullinan, aka “Doctor Noize,” used Kickstarter to raise $50,000 for Phineas McBoof Crashes the Symphony. Crowdfunding works when the project and syndicate identities align; when the backers say (to quote Doctor Noize): “We’re with the band.” Ultimately, successful reward-based crowdfunding of novel creative projects requires authenticity, inspiring a syndicate, and constantly re-creating the campaign in real time.

Leave a Reply

Your email address will not be published. Required fields are marked *