2016 is going to experience one extra day and one extra night on 29th of Feb. Why so? That is because it is a leap year. Wondering, how do we know it is a Leap year? Well, this is simple; all you need to do is check if a specific year is a multiple of 4. For example, 2016 is a multiple of 4 hence, we are in a leap year and therefore, people world over get to live, love and work for one extra day on 29th Feb 2016. Globally, 29thof Feb is also noted as the leap day.
4 years back, on 29th of Feb, 2012 that is the most recent leap day passed, congressmen in the U.S. were bracing up to present the Famous JOBS Act in the House of Representatives the very next day that is on 1st March, 2012. Subsequently, on April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act was signed into law by President Barack Obama. That changed the scenario of Crowdfunding on world stage forever.
Jumpstart our Business Startup Act, also known as JOBS act is created in order to make funding channels for smaller businesses and startups easier and more readily available by easing the federal regulations related to investments and investors. JOBS Act allows individuals to become private investors and contribute to a business. In sum, the federal government of the U.S. finally gave the much-needed backing that Crowdfunding industry deserved.
Since then the Crowdfunding industry has come a long-long way. Let us take a look at some of the interesting facts and statistics concerning what happened to the Crowdfunding industry since the last leap year 2012, to leap year 2016:
- Total investment via Crowdfunding in the year 2012 – USD 2.7 Billion, 2013 – USD 6.1 Billion. , 2014 – USD 16.1 Billion, 2015 – USD $34.4 Billion (estimated)
- Equity Crowdfunding hits USD 662 million in 2015 with 2 out of the top 3 biggest equity Crowdfunding deals coming from the Real estate industry.
- In 2012, there were 191 Crowdfunding platforms in the United States and 44 in the United Kingdom.
- In 2014 total number of Crowdfunding Platforms in Europe – 600, North America – 375, South America – 50, Asia – 169 & Africa – 19
- Most Active 5 categories for Crowdfunding in 2012 are: Social Causes – 30%, Business & Entrepreneurship – 16.9%, Films & Performing Arts – 11.9%, Music and Recording Arts – 7.5%, Energy & Environment – 5.%
- Most Active 5 Categories for Crowdfunding in 2014 are: Business & Entrepreneurship – 41.3%, Social Causes – 18.9%, Films & Performing Arts – 12.13%, Real Estate – 6.25%, Music and Recording Arts – 4.54%.
- As of January 2016, the total number of unsuccessfully funded projects on Kickstarter (World’s top CFP) rounded up to 174,026. The number of projects that were 0 percent funded was 39,618 up to this point.
- As of January 2016, nearly 10.17 million people had pledged their monetary support towards any of the 277,540 projects launched by Kickstarter. Moreover, almost 3.16 million people had backed more than one project on this crowdfunding site.
*Source: cnbc.com, Massolution & statista.com
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This article is written by the Crowdfunders Editorial Team. In Asia, Crowdfunders.Asia is a leading portal on providing news related to crowdfunding, start-up, property and business. It is operated by CoAssets.com. CoAssets is South East Asia’s first listed and largest real estate crowdfunding platform. If you have any Crowdfunding news or stories to share, please email us to [email protected]