Elevation Dock CrowdFunding Success

Elevation Dock for iPhones

Crowdfunding Success Story - First Million Dollar Project

 The Elevation Dock is a high quality custom made dock for you iPhone that finally broke the million dollar mark for a crowdfunding project. Casey Hopkin's started his funding campaign in Portland, OR. and is the inventor of this docking system made from a solid piece of aluminum. Casey started his Crowd funding campaign in December of 2012 with an initial $75,000.00 to kickstart his project on Kickstarter.com.

You would think with all the available docking systems on the market that this may not have as much interest as some of the other Crowdfunding campaigns with little or no competition. But as the saying goes, build a better mouse trap and folks will be knocking your door down to order one. That's exactly what happened to the Elevation Dock when it first appeared on Kickstarter and as a result helped propel them into the spotlight as well as Online Crowd Funding in general.

The First Successful Million Dollar CrowdFunding Project 

The Elevation Dock's funding campaign was set for a full 60 days to give Hopkins the maximum time allowed to get the word out to his Social Networking Friends and soon to be customer's. By the time the campaign ended Casey went way over his initial goal that finished with a whopping $1.465,000.00 in total pledges. This was the very first funding project to surpass the million dollar mark and was the first to enter the Elite Million Dollar Successful Crowdfunding Club. A grand total of 12,521 people loved the Elevation Dock's design enough to make this record possible. In fact there was a few dozen people that invested at least $5,000.00 each to get the distribution packs with multiple Docking Stations available for retail which added to the total units sold.

Elevation Dock Update:

It's been a year and a half since the Elevation Dock was the first successful crowdfunding project to break the million dollar barrier which has kept Casey extremely busy trying to keep up with the demand. He still is actively posting on the original Kickstarter campaign page and taking care of any problems in quick fashion. To date there is only 2,400 comments which is surprisingly low compared to how many backer's backed this product. This would lead to the conclusion that most people have been satisfied with the Elevation Dock and what they were promised when they invested in his crowd funding campaign.

You can now order your Elevation Dock for both the iPhone 4 and the iPhone 5 and soon for the Android Smart Phone devices. Hopkin's has also invented what he calls the lightning adapter which comes standard for the iPhone 5 Docks and upgradable for all the iPhone 4 Docks which was not in the original design. If you want to personalize your docking station, Casey also now offers personalized engraving of a favorite quote or perhaps your business logo.

It's a Great Success Story that will be fun to follow and see what Casey will come up with next.

Visit the Elevation Lab Website
Elevation Docks FaceBook Page
Follow Casey Hopkins Progress on Twitter

Pebble Watch

Pebble Watch for Iphone and Android Phones

Huge CrowdFunding Success Story

 Name(s) of Inventor/Company: Pebble Technology

Crowd Funding Site Used: Kickstarter.com

Date's Crowdfunding Campaign Ran: April 11, 2012 - May 18, 2012

Original Funding Goal: $100,000.00

Total Amount Raised During Campaign: $10,266,845.00

Number of Backers: 68,929

Summary of Pebble Watch Campaign:

 

 If there was ever a crowdfunding success story that will be studied in great detail, The Pebble Watch Campaign will most likely be at the top of the list. At this time, this still stands as the biggest crowd funding success in terms of the dollars raised and the number of backers. The idea for the Pebble Watch that you can customize and access your favorite apps directly from your smart phone was such a huge success within the Kickstarter community they managed to surpass the million dollar mark in the first full day of the campaign. Is it really possible to raise a million dollars using a crowd funding site? Not only is it, but as the Pebble Technology has proven you can reach this goal extremely Fast IF your idea and your overall campaign is worthy of this type of investment.

 

Is it possible to become too successful using Crowdfunding to raise money?

 

With such a massive amount of support from the crowd funding community there also comes major growing pains as the Pebble Watch has learned first hand. trying to keep up with demand and meet their obligations to almost 70,000 backers has been a major challenge to say the least. Even with $10 million in the bank, this task takes time to grow the business to this level.

 

Pebble Watch Update:

It's been a little over a year when the Pebble Watch made Crowd Funding History and managed to raise in excess of $10 million for the very first time. According to the over 15,000 comment's on their Kickstarter project page, Folks that were original backers are still receiving their Pebble Watches even today. From what I can tell most watches have already been sent out but some people are still waiting over a year later. OUCH!

Grant it they had an overwhelming response for this new invention but making the people who helped finance you wait over a year may be getting a little past due. It's also interesting to note that you can pre-order a Pebble Watch for $150.00 on the website but it gives you no time as when you might expect to receive one. It's obviously a great idea that clearly there is a big demand for, I just hope they don't forget the backers that put them in that position and make them wait much longer.

On a positive note they have had several updates (which may explain the above) and continue to expand what the Pebble Watch is capable of performing. New technology usually does have a few tweaks to work out but at least they have First Movers Advantage over any competition that is sure to come along from the success they are having. Who knows? Maybe a big tech company may come calling and will want to buy The Pebble Watch Technology. In that case, this would become an even more impressive success story and one I would love to do a Update on.

This is definitely a Huge Crowdfunding Success Story that is paving the way for bigger and better funding deals in the future. After this successful campaign, the sky really is the limit on how much you can raise using a crowd funding website.

Visit the Pebble Watch Website
Find Pebble Watch on FaceBook (Over 40,000 Likes)
Follow Their Progress on Twitter

Crowdfunding Success Stories

Crowd Funding Success

Raising Business Capital Using Crowd Funding Sites

 How Successful has Crowd Funding become in just the last few years? Incredibly this new phenomenon has grown into a multi-billion dollar market within just the last few years. In a single word, Crowd Funding is "HOT"! It's a terrific way to raise much needed capital online for all sort's of new business ideas, cool inventions and even just to help someone out.

Running A Successful Crowdfunding Campaign

It's a proven fact that over 50% of the crowdfunding campaigns fail in their efforts to reach their financial goals. It's also a proven fact that you can raise $1 Million Dollars within the first day of your crowd funding campaign like Pebble Watch managed to do last year. What does it take to run a successful campaign? What is the best way's to get your Crowd Funding Campaign noticed and find the financial backer's that will be interested in "Your" product? These questions and many others can best be answered by studying the folks who have had the most success raising money in their CrowdFunding efforts.

That's What This Crowd Funding Blog Is All About!

I want to find out not only who is having the most success using any number of the crowd funding websites out there, But Why? What made that particular funding campaign so successful? Where are they now? Did the product or service actually become a big success after the crowd funding campaign was over?

These and many other subjects will be covered on the CrowdFundingSuccess Blog so check back often and let me know if there is a Crowd Funding Success Story that you would like to see covered on this blog.