What are the differences between Kickstarter and Indiegogo?

What are the differences between Kickstarter and Indiegogo?

Kickstarter is primarily for creative projects and requires all-or-nothing funding, while Indiegogo offers flexible funding options.

Can you explain the funding models of each platform?

Sure! Kickstarter uses an all-or-nothing model, meaning projects must reach their funding goal to receive any money. Indiegogo allows both fixed and flexible funding, so creators can keep what they raise even if they don't meet their goal.

Which platform is better for tech startups?

Indiegogo might be better for tech startups due to its flexible funding options, allowing creators to launch products even if they don't hit their target.

Are there any fees associated with these platforms?

Yes, both platforms charge fees. Kickstarter takes 5% of the funds raised, while Indiegogo also takes 5%, plus payment processing fees.

What about the audience reach of each platform?

Kickstarter has a larger audience focused on creative projects, while Indiegogo has a more diverse range of projects, attracting a broader audience.