On July 6th, a project called Citizen is releasing a 7” record! from a band in Toledo, Ohio, was funded by 28 backers, becoming the 10,000th successfully funded project in Kickstarter history.
Ten thousand successful projects is a big milestone. Watching projects from every corner of the creative spectrum come to life has been a wonderful thing, and to see what they've accomplished in aggregate is remarkable. Congrats to Citizen and the 9,999 other projects that made their accomplishment possible!
To celebrate, let's take a look at a few other milestones that Kickstarter has reached since our two-year anniversary post in April.
Project Statistics (current as of 7/17/2011)
Launched Projects: 26,620
Successful Projects: 10,388
Unsuccessful Projects: 13,113
Live Projects: 3,119
Success Rate: 44%
The march towards 10,000 successfully funded projects has accelerated a lot over the past two years. Exactly one year ago today Kickstarter had seen a lifetime total of 1,885 successful projects. The past year alone has seen nearly five times that.
In a strange coincidence, the number of projects funded in Kickstarter's first year (1,044) is exactly the same as the number funded just last month (1,044).
How do these 10,000 funded projects break down by category?
If you compare the graph above to the funding total by category graph we shared in our birthday post, you'll see some similarities, but quite a few differences too. Music and Film dominate with 60% of the successful projects overall, but below that there are a number of shifts. Note, for example, how Dance has seen more successful projects than Design or Technology.
How much money did those 10,000 projects raise? The most common projects on Kickstarter are not blockbusters like Diaspora or the Jay DeMerit doc, but smaller projects that raise $5,000 or less.
Total Pledged: $75,262,447
Dollars Collected (successful projects): ~$60 million
Dollars Uncollected (unsuccessful projects): ~$9 million
Live Dollars (currently funding projects): ~$6 million
In April we announced that Kickstarter had reached $50 million in pledges. Ten weeks later we've crossed $75 million. How long did it take for each $5 million increment to be raised?
The Y-axis represents the number of days it took for $5 million to be pledged, and the X-axis represents each $5 million increment. The first $5 million in pledges took 342 days to accumulate, while the most recent took just 18 days.
Repeat Backers: 118,308
We've seen a similar growth in the number of backers and repeat backers. The repeat backer number is particularly encouraging, as that represents a return audience on Kickstarter. Repeat backers account for 13% of all backers, but 28% of dollars pledged. They've contributed more than $20 million so far.
The Kickstarter staff, of course, includes some of the biggest repeat backers on the site. In April we reported that the staff had backed 1,590 projects; as of July that number has climbed to 2,168 projects.
Your moment of non-ZenAs a final gift we leave you with a video that crams screenshots of all 10,000 successful projects into five-and-a-half minutes, organized from lowest funding total raised to highest. Warning: if you have photosensitive epilepsy or an aversion to weird, possibly brainwashing videos, you may want to skip.
We'd like to congratulate every one of the 10,000-plus projects that have already been successfully funded, and thank the hundreds of thousands of backers who made it happen. Couldn't have done it without you!