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Tile is a Bluetooth low energy tag that can be attached to

anything so that it can be located using an app on the mobile phone. Tile is as

small as a box of matches and can be used as a keychain. The product ensures

that the user would always be able to know the location of his property,

whether it is a keychain, cell phone or a cycle. Using crowd sourcing the owner

can also locate the property, if it’s been stolen, as it uses Bluetooth with a

range of <100m allowing the device to be detected by any tile app user which

in turn will automatically notify the owner of its location. Tile was able to

use crowdfunding to generate $2681297 from 49586 backers

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Tile  - the world's largest lost and found - wallet finder and key tracker app

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Get your Tile now at www.thetileapp.com Video by Feedback LLC brad@feedback-llc.com Tile is a tiny tracker device that will help you never lose anything again! Great for keys, wallets, purses, suitcases, bikes, and anything else you never want to misplace. Imagine how much time you spend looking for misplaced or lost items - never again!

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Form labs is another successful

start-up business that was launched with the help of funding from Kickstarter.

The company was started by researchers from the MIT Media Lab with the goal of

creating a professional yet affordable 3D printer that was capable of printing

high resolution objects for home users. From 2068 backers they were able to generate

$2,945,885, shooting way past their goal of $100,000. Backers were able to make

pledges starting from a minimum of $5, in return of for a STL model of the Form1 printer,  up to  $10,000 wherein the pledgers were offered a private dinner with the team responsible

for Form1 and an invitation to the launch party along with a signed Form1

printer. Form labs has established itself as a successful business venture with

its printers competing alongside the top 3D printers available in the market

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FORM 1: An affordable, professional 3D printer

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Formlabs is raising funds for FORM 1: An affordable, professional 3D printer on Kickstarter! An affordable, high-resolution 3D printer for professional creators.

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After breaking up with her record label, Amanda Palmer used

Kickstarter to fund the release of her new studio album, art book and tour. The

campaign was started with a goal of 100,000 but was able to generate $1,192,793

from 24,883 backers. Fans were able to pre-order the album and art book or make

pledges starting from $1 to $10,000. The campaign was the most successful music

campaign at the that time

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Amanda Palmer: The new RECORD, ART BOOK, and TOUR

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Amanda Palmer is raising funds for Amanda Palmer: The new RECORD, ART BOOK, and TOUR on Kickstarter! Amanda Palmer & The Grand Theft Orchestra are putting out an album. Pre-order it / get more info on the art book & gallery tour, here!

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Pebble is a smart watch, developed by Pebble Technology

Corporation, that integrates itself with Apple and Android mobile devices

allowing the user to view important apps and notifications on the wrist thereby

allowing the user to be have immediate access. Users would be able to have access

to their mobile devices without the need to pull out their phones out. This

feature can be provide users higher levels of convenience and can be useful

when the user is unable to have access to their mobile phones such as during

meetings or while driving. Erin Migicovsky who was the creator of the watch

found it hard to raise the required capital through conventional methods in

order to launch his product in the market. Crowd funding was done through

Kickstarter and the project was able to generate over $10 million with nearly

70,000 backers.  The campaign had an

initial  fundraising target of  $100,000 which was generated in two hours. Pebble

was generated quite a hype online that it was able to generate $1 million in 28

hours. Backers were asked to invest $115 in order to get the watch at the

discounted price, cost price being $150.

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Pebble: E-Paper Watch for iPhone and Android

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Pebble Technology is raising funds for Pebble: E-Paper Watch for iPhone and Android on Kickstarter! Pebble is a customizable watch. Download new watchfaces, use sports and fitness apps, get notifications from your phone.

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Star Citizen is an online and offline space trading and combat simulator game created by Chris Roberts. It is the largest and highest crowd funded venture of any genre having raised $ 48,762,035 capital.

It is the first game that been developed using funds from fans rather than major game
developers. Funds are generated using stretch goals, current stretch goal being 49 million dollars. Backers and contributors are given game privileges upon
reaching the goals. The venture has been a huge success owing to the hype and
interested generated online. Owing to the fact that the game play is very different
from regular games, players would be citizens of a virtually simulated universe,
the game has been able to generate a huge fan following.

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Stretch Goals - Roberts Space Industries | Follow the development of Star Citizen and Squadron 42

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Roberts Space Industries

As a crowd funded project, money pledged goes directly to the game's development.

As a crowd funded project, Star Citizen's scope is based directly on the support provided by our backers. Money pledged goes directly to the game's development.

Stretch goals listed here are intended to reward early backers and to indicate how we are achieving Star Citizen's full vision.

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Roberts Space Industries As a crowd funded project, money pledged goes directly to the game's development. As a crowd funded project, Star Citizen's scope is based directly on the support provided by our backers. Money pledged goes directly to the game's development.

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Michael Sullivan was the first person to use the term fundraising in his video blogging project fundavblog. However the ideology gained popularity with the launch of Kickstarter, a crowd funding platform.  Since the advent of Kickstarter, several crowdfunding platforms have been launched, successfully helping start-ups generate the required funds to start their business. The list of top 10 crowdfunding sites based on traffic flow has been mentioned below.

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Learn about crowdfunding & fundraising online. Compare ranking, features and fees for top crowdfunding and fundraising platforms.

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Crowd funding involves three major participants, they are:-

a)  Person/group of people who have an business idea/venture/proposal that they wish to convert into a reality

b)  People who share the similar interests and are interested in being a part of the

project either as investors/shareholders or to popularize the project.

Motivation for participation arises from either the individuals need to be

partly responsible for the success of the venture, be a part of a communal

social initiative, a desire to earn monetary returns and benefits from the success

of the project or to be able to be among the first few to have access the product at a cheaper cost.

c)  A crowd funding platform such as Kickstarter, Gofundme and Indiegogo. Sites such

as WordPress allows its users to be able to source funds through their website

as well. In case of WordPress a plugin called Fundify Crowdfunding and

IgnitionDeck is used to convert the website into a crowdfunding platform.

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Oxford Dictionaries defines crowdfunding as the process of funding a project or venture by amassing money from a group of people who are interested in the project over the internet. Individual contributions are generally small but the success of crowdfunding lies in its ability to reach the masses. It replaces traditional fund raising techniques and is a relatively an informal but powerful method of generating money to fund start-ups. Although the ideology used is similar to establishment of Cooperatives, crowd funding focuses of funding through online sources such as social media, online communities or people who share similar interests.