Terms of the deal weren't disclosed, but it was a lifesaver for Drip, which just a few weeks back announced it had to shut its doors.
Co-founder and CEO Yancey Strickler can pinpoint, to the day, exactly when things blew up for the company.
'Our mission statement does not contain the word crowdfunding,' says Yancey Strickler, a co-founder and CEO of the company.
Called Campus, the online forum gives crowdfunders a place to get support and feedback about how to launch and run a campaign.
It took the personal crowdfunding site five years go get to the first billion-dollar mark and only nine months to hit that second billion.
Here are the five steps Michel Tunney used to take his idea from a Kickstarter campaign to retail stores.
The crowdfunding platform released a mountain of data to celebrate its latest milestone. We pulled out a handful of the most interesting bits.
The Dome Alert promises to detect flooding and freezing conditions along with carbon monoxide and fire threats.
Some of the sketchiness associated with crowdfunding should be addressed by the platforms themselves, says Mark Harris.
Crowdfunding is all about the numbers, but the humans behind the risky campaigns are often hard to calculate.
But one platform sees much higher rates of success than the others, according to a new report.
Repeat support can be critical, says crowdfunding expert Sally Outlaw, in terms of ginning up early momentum.
Consumers who backed the original Kickstarter campaign will get the headset for free, Facebook-owned company announced.
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Hypnos's inflatable sweatshirt is a napper's dream -- if you're cool with snoozing in public, that is.
is one of the most popular and recognized
platforms geared toward funding creative and artistic projects. Kickstarter follows a pledge-and-reward crowdfunding model, so that backers who pledge money are offered rewards at each monetary level of pledging. The funds must be raised within a set period of time.
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© 2016 Entrepreneur Media, Inc.