Could the future be crowdfunded?
Crowdfunding is one of the very discussed subjects lately. One of the advantages of turning to crowdfunding is that it allows you to test your idea. But what happened these days with one of Kickstarter’s projects is really mindblowing.
The awesome project that got mindblowing results is Pebble: E-Paper Watch for iPhone and Android. It was started on April 10 (or around that date). Their initial goal was set to $100,000 but what happened in less than a month can’t be compared to anything that happened before.
Usually it takes a few days, if you’re lucky, to raise a few thousands. Pebble came and turned everything upside down, they raised $1M in 28 hours. Oh, but $1M is not all, they’ve raised $6,5M so far and they still have 23 days to go, almost double as much time as elapsed until today. I don’t want to think what could happen…will the total amount double, triple?
The VCs might be frightened at this point. What if the future will be crowfunded and not investor-backed? I’m not sure what amount they could have raised from investors, if they wanted to. The amount they got is comparable to a Series A.
So what is Pebble Watch?
As they say, “Pebble is the first watch built for the 21st century”. Basically, it is a watch that connects via Bluetooth to your smartphone. It also has apps, it’s highly customizable. It alerts you, shows you who’s calling, lists tweets, can be used as a bike computer…and the list goes on and on.

It is a record!
The Pebble Watch is the highest ever funded project on Kickstarter! So it is a record. I guess it is something nobody expected, not even the team behind it. My guess is that we will see more of this happening from now on, since we are becoming more social (I mean more active and proficient at using social media). However, this is still a record.
Will the amount raised double, triple? What is your guess?