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Optimize your crowdfunding success Meredith Trotter
10

Insight Demo plus Screenshots

Sep 14, 2014

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Page 1: Insight Demo plus Screenshots

Optimize your crowdfunding success

Meredith Trotter

Page 2: Insight Demo plus Screenshots
Page 3: Insight Demo plus Screenshots

The Challenge

Can I predict the success of your crowdfunding campaign

using information you would have BEFORE

you commit to a platform?

Page 4: Insight Demo plus Screenshots

How I Did ItScraped data:

25 000+ Kickstarter campaigns25 000+ Indiegogo campaigns

Stored Mixed Bag of Variables:Funding goal, Story, Category, DurationVideos, Pictures, Links, Perks

Models: Random ForestsClassifier for funding success/failure

Regressor for expected total pledges

Page 5: Insight Demo plus Screenshots

FindingsKickstarter Indiegogo

Accuracy: 0.83, Precision: 0.78 Accuracy: 0.82, Precision: 0.89

Feat

ure

Impo

rtan

ce

Validation: 80/20 Test/Train Split

Page 6: Insight Demo plus Screenshots

Are people choosing the right site?

KickstartersIndiegogoers

KickstartersIndiegogoers

57% of Kickstarters, 78% of Indiegogospredicted to do better on Kickstarter

66% of Kickstarters, 70% of Indiegogospredicted to make more $ on Kickstarter

Page 7: Insight Demo plus Screenshots

Meredith Trotter

Page 8: Insight Demo plus Screenshots
Page 9: Insight Demo plus Screenshots
Page 10: Insight Demo plus Screenshots