Top startups that have used crowdfunding succesfully

Top business ideas using crowdfunding

Disclosure: Just so you know, we may sometimes earn a small commission from affiliate links on this site.

Crowdfunding is a relatively novel way for startups and entrepreneurs to raise money to support their fledgling companies - and sometimes it actually works.

Like most online endeavours, it isn't particularly hard to set up a crowdfunding campaign and start raising small bits of capital from thousands of individuals who find your idea intriguing.

It isn't hard to set up, but it is very hard to raise significant amounts of cash. The truth of the matter is that most people who try crowdfunding don't succeed. For every success story, there are a thousand failures.

You can browse through any number of ideas on two of the better known crowdfunding sites:

You'll notice that a few have raised a fair amount of capital, but most are struggling to make more than a few dollars. So what is it about the ones that succeed that turn them into multi-million dollar smash-hits?

  • Compelling idea: Things that people immediately go "that's cool"
  • Great perks: Offering contributors perks that are fun, valuable, unusual, etc
  • Existing fan base: Doesn't hurt to have a few thousand people in your corner to start with
  • Well presented & professional: Let's face it, we're generally not going to invest in something that looks like a dog's breakfast (unless it's actually a new type of dog's breakfast)

There's more to this list, but really, if you are planning on trying out crowdfunding to raise money for one of your own ideas, then the best thing to do is look at the top earning campaigns and work out what they did right.

So, with further delay, here are the best performing crowdfunding campaigns to date...

1. Coolest cooler

Coolest cooler is the world's most successful crowdfunded campaign

Raised: $13,285,226

Backers: 62,642

2. Ubuntu edge

Ubuntu edge is the most successful crowdfunding campaign on Indiegogo

Raised: $12,814,216

Backers: 27,635

3. Pebble: ePaper watch

Raised: $10,266,845

Backers: 68,929

4. Ouya: Game console

Ouya is a games console that raised over $8 million in crowdfunding

Raised: $8,596,474

Backers: 63,416

5. Pono music

Pono music succesfully raised over $6 million in crowdfunding finance

Raised: $6,225,354

Backers: 18,220

I guess there's one additional attribute of the most funded campaigns that we could add to our list, and that is:

  • Choose the right crowdfunding platform: Kickstarter has 4 out of the top 5 campaigns, and 8 out of the top 10

So, looking at the top 5 business ideas that have, or are, being turned into a reality through crowdfunding, what is that you think makes them stand out from the thousands of other campaigns that aren't as successful?

Share your tips and experiences in the comments.

Giving away free stuff can help grow your business

Here are some great ideas that incorporate free stuff (products and services) in order to generate trust, improve revenue and grow your business.

Most consumers like getting free stuff (especially online consumers), so giving away a valuable free offering can help to drive traffic, generate buzz, earn trust, and make money.

This article will give you five great ideas for free product and service offerings that you can integrate into an existing organization or use to help grow a startup.

Unusual work from home business ideas

Selling online is getting easier and easier every day, from a technical point of view, because the technology to handle online transactions (like online

3 top tips to pitching big clients

Recently I was fortunate enough to attend a meeting between my startup and one of the largest logistics companies in the country - so that we could pitch our new service.

The size of this client would almost be sufficient to reach sustainability and profitability in one go. Obviously landing a whale in your first pitch as a new startup is the ultimate dream come true, but it can be hard to turn it into reality.

The meeting went ok, but there were some hard lessons learned about how to pitch big corporate clients that my partners and I took away from the experience.

Get the latest online work from home jobs

Find a great work from home job (with good pay) and benefit from a better quality of life with the freedom of flexible hours and the ability to work

Tips on how to use technology to improve your business

Having access to a great tool like Google Trends means that it is easy to keep an eye on how important brands and

Intro to cloud technology

Among their top 3 challenges, according to most business leaders, is the ability to keep pace with new technology - like the cloud.

Being able to understand what new technology offers and how to use it to increase productivity and maintain competitiveness is not easy, because technology moves moves faster than our ability to keep up.

Small businesses, in this regard, have a distinct advantage over larger ones, and we might well be entering an age where small companies start out-competing big ones because of technology.

Inspirational entrepreneur quotes

Life as an entrepreneur can be extremely tough, which is why it is important to sometimes pause and listen to inspiring quotes that keep you going.

Universities wanting to offer a course on Internet entrepreneurship can start here

Being an entrepreneur is something that should be encouraged and nurtured in everyone from an early age - especially in a country like the U.S. where the economy relies on small business.

Every school and university should offer a range of courses designed to empower young people to take an idea and turn it into a profitable enterprise, with confidence and competence.

Sadly, most educational institutes seem intent on sticking to dry, academic curricula that might teach young minds how to think, but don't prepare them for the harsh realities of the real world.

Tools and tips on how to source products online

Small retail businesses and eCommerce sites need to consistently choose the best products to sell in order to maximize their profits.

But trying to find this information is not always easy, and there are plenty of "silver bullet" sites (and con men) that will try to make a profit by advising you to stock products that give them commission.

It's far better to be able to do your own research into which products offer the best value for money for your own customers and clients. After all, you know your business best.

Here's a great guest article from Gavin Harvey that reviews eight tech gadgets that are really useful accessories for business, and around the office.

A list of high paying work from home jobs

Ever wondered just how much you can earn in a career working from home? The answer is millions of dollars - if you've got what it takes.

Home office furniture. Pic by Joey Parsons

The humble home office desk and chair have come along way.

Back to Top