The power of numbers and ideas is the main reason crowdfunding has become huge. These two things combine to create a future where investors and consumers can see eye to eye. But for crowdfunding to be effective, there are a few statistics that should never be ignored.
If you go by industry statistics, the average age of a company using crowdfunding is six. This means that businesses have passed their alpha stage by the time they seek financial assistance. For comparison, a good list of companies in their prime can be found on businesstrex.
Companies that seek crowdfunding have an average size of ten employees. This isn’t a surprising statistic, but it shows that most seek financial balance in order to grow. With a tight budget, crowdfunding completely changes a company’s dynamic.
About 20 percent of crowdfunding focuses on social causes. This is a major statistic to watch since it seems to be going up. Even with grants, crowdfunding is a great backup to have.
Oldest Company Locations
The Midwest houses the oldest companies that seek crowdfunding. They are usually in the electronics and instrumentation industry. A few select states in the US have had surprising amounts of growth in their specific areas.
Youngest Company Locations
The youngest companies that seek crowdfunding are in the media and entertainment industry. This particular statistic shows the vast gap between the winners and losers of this particular industry. It’s the southeast region that sees the most action when the company age is younger.
From 2018 to 2020 funding goals for crowdfunding saw an increase of almost 20 percent. This number is expected to trend upwards
For the Full Article –
You can Find it Here: 10 Crowdfunding Statistics That Should Spark Your Interest
Really interesting news and links can be seen on this complete article.