Feeds

ROBOCOP statue, Minecraft film, revived Sinclair ZX Spectrum...

Cool stuff crowd-funder Kickstarter cash tops 1 BEEELLION dollars

Eight steps to building an HP BladeSystem

Crowd-funding broker Kickstarter has surpassed the $1bn mark for funding on its projects, which include a RoboCop which just stands there in the cash-strapped Michigan city of Detroit and a calendar featuring cats dressed up as magical creatures.

The company on Monday said that its projects have amassed more than billion dollars, with more than half of those funds flooding into the company over the last 12 months. The $1bn threshold was surpassed at 4:03 AM EST on Monday morning.

According to Kickstarter, the funds to drive its projects have been donated by more than 5.7 million unique users across all seven continents (Kickstarter says that 11 donations totaling $3,707 came from Antarctica.) Total projects on the site start at more than 57,100 and the service has taken in more than 13.7 million total pledges.

"Congrats and thanks to our community, our friends, our families, and to the whole entire internet for making this possible," Kickstarter co-founder Yancey Strickler said in a blog post announcing the milestone.

"You guys are the best."

According to Kickstarter's records, the US is by and large the top source of funds. The $663,316,496 pledged by the 7.75 million American backers accounts for more than half of Kickstarter's intake of funds. The UK was second amongst all countries, as Brits chipped in $54.5m in funds from 319,497 backers. Canada, Australia and Germany rounded out the top five.

Among the projects to surface on Kickstarter include feature films, DIY crafting appliances and even remakes of classic computers. Reg readers have gotten in on the funding bonanza by pitching some of their own unique inventions.

The project leaders are not the only ones who have benefited from the outpouring of funds. Kickstarter itself takes a five per cent cut out of fundraising projects, while Amazon further takes three to five per cent in credit card processing fees on campaigns which reach or surpass their funding goal.

For some users, however, pouring cash into Kickstarter projects has brought a bit more than was bargained for. Last month, the company fell victim to a data breach which resulted in the loss of user account details. No credit card details were believed to have been lost in that attack. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.