Creative Economy: Kickstarter generates more than $5.3 billion in direct economic impact

In a recent Wharton School study it was found that for every $1 spent in Kickstarter, $2.46 additional revenue was created outside of Kickstarter.

More than 50% of Kickstarter projects are rated as 'innovative' by backers and more than 10% of creators report having won a major award for their work.

Kickstarter projects have led to over 4,200 patent applications.

While Kickstarter is better known for kick starting projects, turns out the site also helps people to kick start their careers::

• 37% said that their Kickstarter project helped them advance their careers. 
• 21% reported receiving an increase in annual earnings after running a successful project. 
• 19% said they found a new job opportunity as a result of their Kickstarter project. 
• 7% said their project helped them successfully switch careers.

And for creative careers, real professional gains were made:

• Filmmakers reported that Kickstarter helped them secure distribution deals. 
• Musicians reported that Kickstarter helped them secure record or publishing deals. 
• Video game creators reported that their Kickstarter project helped them secure a publisher or attention from reviewers. 
• Authors and comic book creators reported that their Kickstarter project led to attention from mainstream publishers. 
• Journalists reported that their Kickstarter project gave them freedom from the external control of editors and publishers, and helped them create work that served an underserved audience.

Full study: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2808000

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Amazing eh?

While Kickstarter has grown into an amazing force for growth, I find myself giddy over the potential of another up and coming creative economic force: Steem!

Steem on Steemers! 

Let's grow the World by creatively growing ourselves ;)