Kickstarter Crowdfunding Launches in Canada
New York-based Kickstarter, the world’s largesst crowdfunding platform, officially launched in Canada. Kickstarter’s crowdfunding model allows investors to pledge cash towards a project in exchange for products and perks, but the pledges are conditional upon the entire funding goal being met. The Canadian crowdfunding scene is currently dominated by Indiegogo. Prior to Monday’s official launch, […]
Crowdfunding in Canada
Pebble’s Eric Migicovsky jump-started his company by selling 85,000 pre-sold watches and generating $10 million in advance revenue through Kickstarter. Unfortunately, Kickstarter isn’t readily accessible to Canadian companies. Migicovsky’s initial company was based in Waterloo (part of University of Waterloo’s Velocity incubator), and was bootstrapped by SR&ED tax credits. The opportunity to obtain financing was so […]