Brief: Kickstarter Announces New Invent Newsletter

On Sunday, Kickstarter announced its new Invent Newsletter, which is said to offer backers a way to stay up-to-date on invention projects, behind-the-scene stories and bold ideas from the design and tech pages. The funding portal stated the newsletter is a twice-a-month introduction of the creators and innovators who are working to build a more “interesting, beautiful, and sustainable future.”


This newsletter comes just a few days after Ethan Mollick, a professor and researcher at Wharton, recently published new research on Kickstarter. According to Mollick’s research of 61,654 successful Kickstarter projects:

  • For every dollar generated by Kickstarter, $2.46 in additional revenue is generated outside the campaign
  • From platform launch to May of 2015, Kickstarter projects have created approximately 5,135 full-time jobs
  • During the same time frame, approximately 160,425 temporary positions were created
  • Projects helped to launch 2,601 patent applications

Additionally, project creators reported ancillary benefits of doing crowdfunding campaigns including positive impacts on their careers.

 


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