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Tech Industry

Kickstarter has created almost 30,000 full-time jobs since 2009

A study from the University of Pennsylvania shows just how big a difference crowdfunding sites like Kickstarter can make.

Kickstarter

Established in 2009, Kickstarter has changed many lives. A new study from the University of Pennsylvania shows just how big a difference crowd funding, and Kickstarter in particular, has made.

The main findings were that Kickstarted has created 283,000 part-time jobs for creatives, 29,600 full-time jobs and 8,800 new companies, including nonprofits. All up, over $5.3 billion has been generated for "creators and their communities." It found that for every 1,000 projects started on Kickstarter, 82 full-time employees were hired.

The study points out that a huge benefit of crowdfunding sites like Kickstarter is that it allows creators and ideas-types to pay creatives for work they do, helping to curb the "work for exposure" model that many artists have to endure.

Pebble and the now-Facebook-owned Oculus are two examples of big tech companies who used Kickstarter to find their footing. On the gaming front, the highly anticipated Shemue III raised over $6 million through the crowdfunding platform.

You can read more of UPenn's findings here.