This Site Predicts Your Success on Kickstarter

Millions of people donated to Kickstarter in 2013. In total, three million donors gave $480 million to 19,000 projects that were successfully funded, according to the site.

But all that success masks the fact that most projects fail. Kickstarter campaigns have a 43% success rate. Donors pledged, but did not pay, $122 million to 76,000 campaigns that failed to reach their goals. Now one site is looking to improve those numbers.

Prefundia is a platform for product developers to gauge interest in their project before launching a Kickstarter or IndieGoGo campaign. Using a mix of data points, such as page views and followers, Prefundia predicts the odds of a project reaching its funding goals Read more...