Crowdfunding site Kickstarter.com helped musicians raise $19,801,685.21 last year. Music was the second most popular funding category (behind Film & Video) and comprised about a 5th of the company’s total pledges for 2011 (which tripled from the previous year). Check out more of their year-end stats HERE.
Considering that Kickstarter is only one of many crowdfunding sites growing in popularity and effectiveness (also see RocketHub), it’s clear that crowdfunding is not a waning fad.
If you need to raise funds for your next recording, tour, or other creative project, check out these two articles written by RocketHub CEO Brian Meece:
Crowdfunding is Trade, NOT Aid
6 Crowdfunding Tips for Musicians
-Chris R. at CD Baby