Quick Answer: Is Kickstarter A Donation Or Investment?

Can someone steal my Kickstarter idea?

Yes, an idea on Kickstarter can be stolen, but there are two reasons why that doesn’t matter: The project itself serves as proof it was your idea.

You have a public record of your work if you try to raise funds on Kickstarter..

What is the best donation website?

Edco. … Double the Donation. … Crowdfunder. Best Equity Fundraising Website. … Indiegogo. Best Fundraising Website for Creative Projects. … Kiva. Best Micro-lending Website. … Experiment. Best Fundraising Website for Scientific Research. … DonorsChoose. Best Fundraising Website for Education. … DoJiggy. Best Fundraising Software for Events.More items…•

How do you protect an idea from being stolen?

4 Tips on How to Protect Your Business Idea from Being StolenNon-Disclosure Agreements and Confidentiality Statements. A non-disclosure agreement (NDA) is one way to protect your idea before you present it to associates. … Apply for a Patent. Applying for a patent is a way of protecting a business idea. … Trademark Your Company Name. … Document Everything.

What happens if Kickstarter project is overfunded?

Sometimes when a project is overfunded, it lets the creator put that money back into the project to create something better for the backers and themselves. … This often means that the creator can continue the project beyond Kickstarter — and backers are part of that story.

What is the point of Kickstarter?

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.

Can I use Kickstarter to start a business?

That said, one thing to keep in mind is that the Kickstarter platform is designed to help you raise money for a specific project. … You can’t use Kickstarter to raise funds to start a business, without a specific goal in mind.

Which is better Kickstarter or GoFundMe?

Choose the Crowdfunding Platform That Works for You Creators and entrepreneurs looking for funding are probably better off using Kickstarter, while those seeking funding in response to an emergency or personal cause are likely better off using GoFundMe.

How much money does Kickstarter take?

If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter’s 5% fee, and payment processing fees (between 3% and 5%). If funding isn’t successful, there are no fees.

Can Kickstarter be trusted?

When you back a project, you’re trusting the creator to do a good job, so if you don’t know them personally or by reputation, do a little research first. Kickstarter doesn’t evaluate a project’s claims, resolve disputes, or offer refunds — backers decide what’s worth funding and what’s not.

What is the most successful GoFundMe campaign?

The most successful GoFundMe campaigns of all timeTime’s Up Legal Defense Fund: $22,067,100.Funds for Humboldt Broncos: CAD $15,172,200 ($11,511,299) … Las Vegas Victims’ Fund: $11,874,100. … Stoneman Douglas Victims’ Fund: $10,102,900. … Support Victims of Pulse Shooting: $7,854,290. … The New York Times Neediest Cases Fund: $6,177,970 (2015-2016) … More items…•

What is the best month to launch a Kickstarter project?

March is the most popular month to launch campaigns. May receives the most backers/project.

Is Kickstarter a donation?

While nonprofits are welcome to launch projects on Kickstarter, projects can’t promise to raise funds to donate to a charity or cause. Funds raised on Kickstarter must go towards facilitating the project outlined by the creator on the project page.

How do backers make money on Kickstarter?

Kickstarter makes money by taking 5% of the total amount of money that is funded on the site. 1 It uses this money to turn a profit that pays for the costs of running the site, including advertisement and employee payment. Those who use Kickstarter to raise money earn their profits differently, however.

What is the maximum amount you can borrow from Kickstarter?

$10,000The maximum amount you can pledge to a project is: US-based projects: $10,000.

Does Kickstarter still work?

Kickstarter is the place for creators to find independent funding for their work and connect with a network of support. … Because creators are launching fewer projects, and some have decided to cancel them, the number of live projects on Kickstarter is down about 25% from this time last year.

Can you make a Kickstarter for anything?

Kickstarter is open to backers all over the world. Anyone, from anywhere, can pledge to a project as long as they have a major debit or credit card.

Do you get a return on investment from Kickstarter?

Backers that support a project on Kickstarter get an inside look at the creative process, and help that project come to life. Project creators keep 100% ownership of their work, and Kickstarter cannot be used to offer equity, financial returns, or to solicit loans. …

What happens if your Kickstarter project fails?

If a Kickstarter project fails, no money is collected from the backers. Their credit cards are not charged unless the project is 100% funded. If you mean what happens if your reward isn’t delivered, you have recourse available through introducing a civil court case.

Should I get a patent before Kickstarter?

A patent application must be filed within 12 months of releasing your idea publicly in the United States, and it is important to note that starting a campaign on Kickstarter is the start of these 12 months. … At a minimum, a provisional patent should be acquired prior to any foreign crowd-funding efforts made.

How long does it take to get your money from Kickstarter?

14 daysHow long will it take to receive the funds? Once a campaign ends having successfully reached its funding goal, we will begin to collect and process pledges. The payout is sent 14 days after a project’s deadline, to the bank account originally linked to the project.

Are Kickstarter donations tax deductible?

For Kickstarter and Indiegogo backers, donations are not tax-deductible. “The donation is strictly a personal expense — it’s not like you’re donating to a 501(c)(3), in which case it would be a charitable contribution,” Lance said.