Crowdfunding is changing, and we’ve got the key to success
It’s no secret that crowdfunding is going through a turbulent time. We’ve seen very high profile campaigns not deliver to backers despite raising millions. It’s understandable that people have become more sceptical of crowdfunding campaigns and whether campaign creators can deliver on their promises.
Despite this, 2017 has been our most successful year of crowdfunding since we launched the world’s first crowdfunding division four years ago. This year we’ve worked on several multi million dollar campaigns including TicWatch ($3.2m), Bluesmart 2.0 ($2m) and Pimax ($4.2m).
So how did we do this? It’s all about understanding how perceptions have changed and working with your community. It’s important to build trust, showcase your product in an engaging way and share the process to get to this point. Clear communications with your community is necessary. You need to talk to them before you launch, show them the product at events and listen to what they have to say.
You can read more about our work with Pimax, the 8k VR headset, and what we did to help them raise over $4million to beat Oculus here.