84% of Kickstarter’s Top Projects Missed Their Deadline
Black Enterprise Magazine September/October 2018 Issue

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Funding platform Kickstarter has helped entrepreneurs rake in $376 million in fundraising since its debut in 2009, funding close to 34,000 projects. Everything from albums and docu-series to new gadgets are in the running to receive financial support to bring the concept to life. And, yes, every penny counts but if a project doesn’t reach its funding goal, it doesn’t receive any of the money raised.

In an investigative report, CNNMoney looked at the top 50 most-funded projects on Kickstarter and found that 84% missed their target delivery dates. Their investigation revealed only eight of the 50 projects hit their deadline.

The top projects collectively raised $40.3 million from approximately 420,000 backers.

Read more at CNNMoney…

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Janel Martinez

With a focus on news and the under 35 crowd, Martinez develops engaging, daily reports for BlackEnterprise.com. She also pens the blog, After School Daze: Life After Undergrad, where she delves into the day-to-day issues and concerns of recent graduates trying to adapt to life off campus. Prior to Black Enterprise, the Bronx, N.Y. native contributed to Latina, Latina.com, Honeymag.com, Syracuse Record and The Post-Standard. When she's not writing articles, the self-proclaimed travelista is on the prowl for her next excursion.   Martinez holds a bachelor's degree in magazine journalism and sociology from Syracuse University.


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