Examples Of Crowdfunding

Many of the goods and businesses that were crowdfunded on Kickstarter went on to become hugely prosperous ventures. For instance, the website helped fund Oculus VR, an American business that creates gear and software for virtual reality. In order to get developers access to virtual reality headsets made for video games, inventor Palmer Luckey started a Kickstarter campaign in 2012. Ten times the initial $250,000 goal, the campaign received $2.4 million in crowd funding. 6 Oculus VR was purchased by Facebook, currently known as Meta (META), in March 2014 for $2.3 billion in cash and equity.

The success of M3D, a firm formed by two friends and producing small 3D printers, is another example of a business that benefited from Kickstarter campaigns. On the crowdfunding website, David Jones and Michael Armani raised $3.4 million in 2014 for their Micro 3D printer. The tiny 3D printer is currently offered at Staples, Amazon.com, Inc. (AMZN), Brookstone, and other places. It comes with a selection of long-lasting 3D inks.
For its most recent animated special, "The Legend of Vox Machina," Critical Role, a monthly live-streamed tabletop roleplaying game featuring a number of well-known voice actors, collected $4.7 million in just 24 hours in April 2019. In all of their 30- to 60-day fundraising periods in 2019, no other Kickstarter campaign managed to raise that much money.