30 Sep How are Kickstarter and Indiegogo Different?
Though they both operate as crowdfunding platforms, they are very different in terms of their policies and approaches.
For instance, Kickstarter is a close-knitted community where creators can only launch projects once it has passed rigorous assessment by the Kickstarter team.
On the other hand, Indiegogo is an open marketplace where anyone can submit their project.
A key critical difference between the two is their funding model.
Kickstarter has an All or Nothing funding model where creators can only receive the funding amount if it meets their funding goals. For example, if a creator sets their funding goal as $5,000 and they raise $10,000 then they can receive the whole amount. If however, they raise only $4,000 then they cannot receive the funding.
Indiegogo works differently. Whether the founder meets their goal or not, they can still receive the funding amount.
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