Crowdfunding: $1.5B Raised, 1M Campaigns Funded In 2011; Figures Set To Double In 2012

Well, it's been quite a year already for the crowdfunding industry. With the JOBS Act becoming law, the tech industry (and the economy) are headed for some big changes, as the legalization of crowdfunding in startups for non-accredited investors has come to pass. Not only that, but the most well-known crowdfunding platform has been busy racking up a blockbuster season. If it weren't there already, Kickstarter hit the tipping point in February, as it saw a number of record-breaking projects and landed squarely in mainstream consciousness thanks to a slew of media coverage. Yet, as crowdfunding prepares for its stampede, many have been asking just how active the industry has been to this point, collectively, especially as it may indicate what's in store. Luckily, Massolution, a research firm that specializes in crowdsourcing and crowdfunding, is today providing an answer. Having collected data from more than 170 crowdfunding platforms, Massolution found that, collectively, these platforms raised $1.5 billion and successfully funded more than 1 million campaigns in 2011.

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