Not Sure What Kickstarter Is All About? Here's What You Need to Know (2024)

FAQs

What is the meaning of Kickstarter? ›

Kickstarter is one of a number of crowdfunding platforms for gathering money from the public, which circumvents traditional avenues of investment. Project creators choose a deadline and a minimum funding goal. If the goal is not met by the deadline, no funds are collected (a kind of assurance contract).

Our mission is to help bring creative projects to life. Kickstarter campaigns make ideas into reality. It's where creators share new visions for creative work with the communities that will come together to fund them.

Funding on Kickstarter is all-or-nothing. No one will be charged for a pledge towards a project unless it reaches its funding goal. This way, creators always have the budget they scoped out before moving forward. A creator is the person or team behind the project idea, working to bring it to life.

Creators will still receive the balance of collected funds, less fees, even if the final amount falls below your project's funding goal due to dropped pledges. Kickstarter will only collect fees on the funds that we are able to successfully collect.

When a project fails to reach its goal, Kickstarter refunds all of the pledges in full without taking any fees. However, creators are responsible for processing refunds back to their original payment method or following up with any members who did not complete their pledge payments.

A major downside of Kickstarter is the lack of control over all stages of the project. Creators are responsible for the project idea, design, manufacturing, shipping, and customer service. When campaigns go wrong, backers are usually unable to get their money back directly from Kickstarter.

Our community is founded on a few core values—transparency, trust, respect, and honesty. It's up to all of us to bring new ideas into the world, and to make sure that Kickstarter maintains these values.

Everything from films, games, and music to art, design, and technology. Kickstarter is full of ambitious, innovative, and imaginative ideas that are brought to life through the direct support of others. Everything on Kickstarter must be a project with a clear goal, like making an album, a book, or a work of art.

They might be inspired by a new idea, or simply motivated by a project's reward. Whatever the reason, people back projects because they want to have a part in helping to bring it to life. Backing a project is more than just pledging funds to a creator, it's pledging support for a creative idea.

Kickstarter runs on an all-or-nothing funding model, meaning that unless a campaign reaches its funding goal, backers are not charged, and creators receive no funds. Therefore, setting the right funding goal is crucial for a successful campaign and project completion.

What happens if you cant pay Kickstarter? ›

When a backer's payment can't be collected, we'll send them instructions on how to fix their pledge and will continue to do so every 48 hours for 7 days. They can also fix their pledge by logging into their Kickstarter account and clicking on the "Fix Payment" banner at the top of the page.

Kickstarter has an All or Nothing Funding Model. This means that if a campaign doesn't hit its funding goal, all the pledges are canceled and the project creator doesn't receive any of the pledged funds. All the money pledged by backers is returned to them and no money exchanges hands.

After the campaign ends, Kickstarter initiates the payout process, transferring the funds to the creator's designated bank account. The time it takes for the funds to reach the creator varies, depending on the country and the creator's bank.

Any funds raised beyond the goal will help the creator to cover any manufacturing or shipping costs related to their add-ons. In other cases, overfunding leads to better margins and the creator may even profit from the project.

We have a dedicated Trust & Safety team that monitors the system for suspicious activity. They screen reports sent to us by our community and take action if they find something that does not align with Our Rules. It's important to remember that Kickstarter is built on an all-or-nothing funding system.

kick-start verb [T] (HELP)

to make something start to happen or start to develop more quickly: Taxes were drastically cut in an attempt to kick-start the economy. Many young writers can thank the magazine for helping to kickstart their careers.

1. to start (a motorcycle engine) by means of a pedal that is kicked downwards. 2. informal. to make (something) active, functional, or productive again.

Definition of kick-start. as in to jump-start. jump-start. resurrect. rekindle.

As the lever begins to descend under the rider's foot, the rachet engages a gear linked to the crankshaft causing it to spin past top dead center so that an ignition spark can ignite the compressed fuel mixture. Upon starting, the rachet disengages and the rider folds the lever back.