“Star Citizen” Breaks Crowdfunding Record


CrowdfundBeat News wire ,

Chris Roberts and Cloud Imperium Games have earned $37 million through a crowdfunding campaign. Years ago, Roberts’ developed Wing Commander and Privateer. Star Citizen is officially the most funded crowdfunding project in history.

Star Citizen is scheduled to be released in 2015, which means there is still quite a wait, but supporters are excited and willing to wait. According to Gamespot, the campaign surpassed their goal passed solely on their reputation and anticipation within the gaming community. They did little to promote the campaign outside the gaming community.

The $37 million was raised through over 367,000 backers. The developers have set a new stretch goal of $39 million. When the new goal is reached, the developers will unlock the final system, which is currently being voted on. Fans can choose between Lost Human Colony, Tevarin Ghost World or Xi’An Science Outpost.

The game is going to go through a modular release, so a basic version will be released, and then new features will be added as the funding is made available. This will encourage ongoing financial support for the game above and beyond the crowdfunding efforts.

Although $37 million is a great deal of money, it is on par with the cost of developing comparable games. Beyond: Two Souls released in 2013, cost $27 million to develop. L.A. Noire cost $50 million to develop in 2011.

Star Citizen is one of the many success stories of crowdfunding, and an example of how campaigns can surpass their goals when they get a strong enough following. It also demonstrates the importance of building excitement around a project. The release of this game and the ongoing release of new features have effective built a great deal of anticipation.

Research has shown the long-term benefits of crowdfunding success. This campaign may not only lead to future sales, but also increased investments and the potential for increased employment. Additionally, the ROI on this project is likely significantly higher than the $813 per hour average.

View MoreCrowdFunding Directory



Tags: , , , ,


ForbesHow Crowdfunding Can Supercharge Your Campaign In 2016ForbesThey say that there are about 7.45 billion people living in this world right now. Imagine that if you could get each of these seven-and-a-half billion people to contribute one cent to your project, well, you know what I [...]

ForbesHow Crowdfunding Can Supercharge Your Campaign In 2016ForbesCrowdfunding has helped a lot of businesses recently. Want to join the queue? Here's how to raise funds for your projects.and more » [...]

The Jewish Press » » Funny Jewish Women's Crowdfunding Video ...The Jewish PressThe Women's Performance Community of Jerusalem and OU Israel are creating harmony among the women of Greater Jerusalem through the creation of a ...and more » [...]

BdailyAndy Murray has invested in UK startups WeSwap and Perkbox through the Seedrs crowdfunding platformBusiness InsiderTennis star Andy Murray has backed two more early stage UK tech companies on crowdfunding platform Seedrs, bringing his startup portfolio up to 17 companies. The wo [...]

Corporate Counsel (registration)FTC Hears From Company Leaders as Crowdfunding Grows ...Corporate Counsel (registration)"You're going to see people developing an expertise and really move on from this initial stage of everyone kind of exploring crowdfunding in a more general [...]

Singularity HubHow Crowdfunding Has Changed the Startup Game - Singularity HUBSingularity HubThe development of innovative technology — from virtual reality headsets to space exploration to solar-powered roadways — is no longer the province of ...and more » [...]

KNWACrowdfunding Sends NWA Family to Wrigley - Story | NWAHomepageKNWAThis World Series matchup features the two franchises with the longest world series title drought, a combined 176 years without a championship.and more » [...]

BillboardCrowdfunding for His Life: How GoFundMe Helped Save a Punk Legend's LifeBillboardSo on the advice of a close friend, Julian -- like an increasing number of aging musicians without a lucrative record contract -- turned to crowdfunding, launching a campaign on the No. 1 pl [...]

Minneapolis Star TribuneSEC releases new, relaxed rules on investment crowdfundingMinneapolis Star TribuneNew rules announced this week will make it easier for small companies to raise capital from small-time investors, another step forward for Minnesota's fledgling investment cr [...]

The GuardianCrowdfunding: the new buzzword for academics needing research moneyThe GuardianArchaeologist Dr David Petts, from Durham University, has also used crowdfunding, raising almost £25,000 to fund a project on Lindisfarne, off the Northumberland coast. The dig, in June, led to [...]

CFB Finance

Press Release

CrowdFund Beat News

Hello @CrowdFundBeat's 17363 followers - thank you so much for following! Wishing you all a happy Thursday! >> bit.ly/_want_this_free

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |