Kickstarter to launch in the UK on October 31st
Move over Dragons’ Den, there’s a new kid in town. Kickstarter is heading to the UK! For those of you that are unfamiliar with Kickstarter’s crowdfunding concept, the site enables entrepreneurs to pitch ideas, products, services and creative projects to the site’s users, in a bid to gain enough funding to make their projects a reality.
Projects must have an end goal in mind, for example the recording of an album or the production of a physical item, such as a book or gadget. In order for a Kickstarter project to succeed, the project must reach its predetermined funding goal within the time limit set by the entrepreneur. If let’s say, an artist wants to raise £5,000 to record an album, then they will need to meet that funding goal within the time limit set, or the project will expire and the backers will not be charged.