A recent project offering a laser shaving experience was suspended from Kickstarter (no tangible product) after already raising more than $4 million. Very interesting points you have remarked, appreciate it for putting up. Each has its positives and negatives. This fee depends on where you are, but is usually a nominal amount plus around 2-3%. Indiegogo VS Kickstarter: Main Differences. Where the rest of the funding went in Kickstarter? A better strategy is to make one project as a follow-up up of another, not making them simultaneously. Although you can’t surpass 60 days from launch, if you started out with a 30-day campaign, and realized you won’t be hitting your goals on day 29, just open up your campaign editor and extend it by another 30 days (or less). A Kickstarter campaign must be submitted for approval before it can go live. Either way, Indiegogo is more open to discussion and allowing projects that are forbidden on Kickstarter. Gofundme is a platform for personal fundraising — not a topic we tend to cover — so that just leaves intrepid fundraisers with the artistic and commercial focus of Indiegogo vs Kickstarter. Thank you for the auspicious writeup. Anything that helps entrepreneurs avoid the banks and venture capitalists is good, in my opinion!! Kickstarter charges 5% of the entire raised funds. A great read. It also gives backers control over whether they want fixed (all or nothing) or flexible (creator gets whatever amount they collect) models. However, both platforms recommend keeping your campaign length below 30-40 days. didn’t know who to ask. Thanks for sharing this information. Here, staff members manually pick the projects they like, giving more credibility to the project and a boost in views. Well, you might be a little less so when you learn that all those impressive stats only account for 37.7% of all Kickstarter campaigns. Finding the time and actual effort to produce Indiegogo has imposed a limit of 20 reward levels, Kickstarter hasn’t — at least not for the first 50 we’ve tried! Either way, I want to extend a congratulatory note to both of them. So who won the ultimate crowdfunding platform showdown Kickstarter vs Indiegogo…. This definitely makes it easier to hit two birds with one stone. In 2016 Kickstarter introduced a feature called Kickstarter Live where creators can engage with their backers in a real-time video streaming. ) I maintain such information much. Just like we’re sending out our first point Kickstarter’s way! Indiegogo provides you with an opportunity to choose between receiving funding as it comes in, or waiting to see if you hit your target. We have a revolutionary propitiatory invention on medical disposable which is intended to bring to the market. Both offer bullet points, but Indiegogo also has numbering. Have you heard of them? According to web-traffic tracker Alexa, Indiegogo has more projects, but it is Kickstarter that has more traffic. Of course, there are hundred other tiny differences to consider. Thanks for writing this! Big advantage. In response, the project creators registered the project on Indiegogo (which has no such rules) and collected the required amount (admittedly a lot less than $4million). However, it is much easier to upload gifs to Kickstarter. Its like you read my thoughts! One of the most important things a crowdfunder can do is evaluate platforms….Kickstarter vs. Indiegogo vs. other alternatives like RocketHub, Fundable and others. Though differing in only relatively small proportions, this would suggest a stronger, more meaningful trend. From the beginning I thought Kickstarter hands down but would love to have a second opinion. This functionality is available, however, with Indiegogo. You probably have a pretty good handle on the basic pros and cons of this platform as well, but in the interests of being thorough, let’s cover all our bases and start at the beginning. Kickstarter wins in most cases. by Krystine Therriault | 9 comments | in Blog | Like it. Initially focused exclusively on independent films (hence the name) Indiegogo started accepting projects from any category a year after its launch. Everything is very open with a clear clarification of the challenges. If not, it might be worth asking everyone you know to comment on your video, because Indiegogo will show off all those interactions on your crowdfunding page, and no comments is hardly an incentive for backers. The lion’s share in Indiegogo’s funding of the top 500 projects was driven by Technology and Design categories. checking back regularly! If you’re doing PR, your project also stands more chances of getting a positive response from journalists if it’s on Kickstarter. Similarly, the media loves Kickstarter, so it does get way more coverage than Indiegogo. Kickstarter also doesn’t let you hide old perks. Indiegogo vs Kickstarter Fees. Indiegogo does not require this step; products may simply be conceptual with non-working prototypes. Thank you and good luck. Of course games! The first feature is the funding graph to keep you in the loop of what’s going on in the project’s totals. This works for campaigns that you start on both Indiegogo and Kickstarter, although the platform fees will be slightly higher if you’re joining from the competition…. However, it depends on whether your solution is intended for a mass-market usage or not. You’ll see more small businesses, controversial ideas, NGOs and mass manufacturing at Indiegogo. In contrast, Indiegogo is a thriving space for NGOs and small businesses. Kickstarter and Indiegogo are both crowdfunding platforms. Oh my goodness! These categories include art, comics, dance, design, fashion, film, food, games, music, photography, technology, and theater. If a campaign doesn't reach its fundraising goal amount, existing backers aren't charged for the amount they pledged, and the project creators don’t get any of the money. That means you have more and better options when it comes to funding your small business. This differentiating feature — compared to typical e-commerce — is one of the things that brings superbackers back time and again. Great article. Kickstarter’s team does their due diligence before any new product gets approved to launch. In terms of categories, Indiegogo takes a different approach and has three primary categories: (1) Tech & Innovation, (2) Creative Works, and (3) Community Projects.