“Star Citizen” Breaks Crowdfunding Record

Star_Citizen_crowdfunding-campaign

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

http://www.josic.com/star-citizen-breaks994-crowdfunding-record

 

Tags: , , , ,

HEADLINE NEWS

Los Angeles TimesCrowdfunding campaign's goal: Buy Twitter, then ban TrumpLos Angeles TimesFormer undercover CIA agent Valerie Plame Wilson is looking to raise enough money to buy Twitter so President Trump can't use it. Wilson launched the crowdfunding campaign last week, t [...]

ForbesHow One Startup Raised 10 Times Its Original Crowdfunding GoalForbesRunning a successful crowdfunding campaign isn't easy. The odds are heavily stacked against you, as very few end up succeeding. "Statistically, up to 89% of campaigns fail. Kickstarter has the highest [...]

ForbesThe Ultimate Pre-Launch Crowdfunding ChecklistForbesCrowdfunding is not limited to the platform where you launch your campaign. Instead, it has become a valuable way to transform your idea into a mainstream business. In order to head in that direction, you must execute a number [...]

SCORE: Dos and don'ts for crowdfunding small businessesPost-BulletinI shared in my last week's column that financing was a common issue small-business clients bring to SCORE mentors. A reader from that column emailed me and said, "You mentioned crowdfunding as an option [...]

ForbesCrowdfund Strategies - Mifold Hit Gold On Indiegogo But It Was VC And Angel That Made It PossibleForbesFast forward to 2015, and Sumroy is launching his product – now dubbed Mifold – on the Indiegogo crowdfunding site. “July 14 was the most exciting day of my life,” he recalls. [...]

Wicked Local LexingtonKids' tech literacy crowdfunding campaign a successWicked Local LexingtonResponding to a crowdfunding campaign by the Cary Memorial Library Foundation to raise $5,000 in five weeks, 82 generous Lexington donors and others helped surpass the goal, giving more [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

Digital Arts Media Network, Inc. Purchases An Equity Stake in Cannabis Crowd Funding Company, Fundanna, Inc.Nasdaq23, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has c [...]

WFAAMore Dallas teachers turn to crowdfunding for classroom suppliesWFAATight budgets mean more Dallas area teachers are seeking out crowdfunding options to obtain the supplies their students need. The site DonorsChoose.org featured 371 active projects marked "urgent" for Da [...]

Eater LondonFat Macy's Launch Crowdfunding Campaign to Open Restaurant in PeckhamEater LondonFat Macy's — a food social enterprise which aims to train young Londoners living in temporary housing — have launched a crowdfunding campaign. Their aim is to raise £55,141 to fund a [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

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 |