{"data":{"type":"company_profile","id":166029,"entity_id":"wefunder:company:166029","attributes":{"canonical_url":"https://wefunder.com/backerkit","generated_at":"2026-06-20T06:33:29Z","updated_at":"2026-06-20T05:01:27Z","entity_ids":{"company":"wefunder:company:166029","slug":"wefunder:company_slug:backerkit"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-20T06:33:29Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-20T05:01:27Z","as_of":"2026-06-20T06:33:29Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-20T05:01:27Z","as_of":"2026-06-20T06:33:29Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-09-08T18:44:28Z","as_of":"2026-06-20T06:33:29Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-09-08T18:44:28Z","as_of":"2026-06-20T06:33:29Z","confidence":"medium"}}},"company":{"id":166029,"entity_id":"wefunder:company:166029","slug":"backerkit","name":"BackerKit","tagline":"Crowdfunding reinvented for the creator economy ","story":"We’re a leader in rewards-based crowdfunding and now we’re leading equity crowdfunding too! Since launching, our raise has consistently outperformed hundreds of live campaigns on Wefunder and across the country, achieving:12x ranked among the most raised campaigns nationally11 consecutive weeks among the most raised campaigns nationwide8 consecutive weeks as one of the most raised campaigns on WefunderPeople are joining because they believe in what we’re building. They’ve used the platform. They support independent creators. They see the growth. And they want to be part of what’s next.We’re honored to have thousands of investors backing this vision and more are joining every week.Are you one of them?BackerKit is the creator-centric rewards-based crowdfunding platform empowering creators to realize their biggest dreams, again and again. We’re on a mission to supercharge success and drive a new era of explosive growth for creator-led funding.Our momentum is unstoppable.\u0026nbsp;We were first to market with our pledge manager product, which today powers 1 in 4 Kickstarter dollars raised. After pledge manager became the industry standard, creators were still missing a final piece to turn their passions into viable businesses. So in 2022, we introduced BackerKit Crowdfunding, our first end-to-end crowdfunding platform.\u0026nbsp;In 2024, we earned $23.7 million in revenue across all product lines - capping off a decade of driving industry growth with $3.7B in funds managed and $650M paid to creators worldwide.\u0026nbsp;We’re building crowdfunding for fandoms. Our new platform breaks the old crowdfunding rules that focus on one-off projects. It instead centers creators and their communities. And it’s working –\u0026nbsp;we’ve fueled some of the biggest record-breaking campaigns and partnered with some of the most popular creators in history! Crowdfunding is the fastest growing product line in our 12-year history.\u0026nbsp;There’s a massive opportunity within the booming $260 billion dollar Creator Economy. That door is wide open—and it’s ours to seize now.Why are we raising an investment round on Wefunder?BackerKit’s success is directly tied to the success of the creators who use our platform. By continuing to build the best tools for them, we strengthen the entire ecosystem and increase our value as a company. We want our creators to become investors with us on this journey.\u0026nbsp;Unlike the rewards-based crowdfunding available on BackerKit, where backers receive perks or products, equity crowdfunding on Wefunder allows investors to receive actual ownership and potential financial returns as we grow, in addition to rewards.\u0026nbsp;BackerKit is a founder-led, bootstrapped company committed to staying accountable to its creators, backers, and investors.Today, we invite you to join us on our next pioneering journey - not as passengers, but as partners.\u0026nbsp;Sahil Lavingia built Gumroad from $0 to a $125M+ valuation. He’s raised $5M in equity crowdfunding and counts Eminem, Bon Jovi, Garth Brooks, Landmark Theatres, and Tim Ferriss as Gumroad users. Sahil is a best selling author and seasoned angel investor (SandHill Markets, Eight Sleep, Maven and more).Garry Tan is the CEO of Y Combinator, one of the most esteemed startup accelerators in the world. Before YC, he co-founded the venture capital firm Initialized Capital with Alexis Ohanian (Reddit founder). Together they’ve raised more than $3.2 billion dollars and were early investors in Coinbase and Instacart.With powerhouse backers like Sahil Lavingia and Garry Tan, visionaries who’ve built and backed billions in value, we’re supported by leaders who understand how to scale groundbreaking platforms for creators.BackerKit was built by the original problem solvers of crowdfunding. Our leadership team consists of seasoned entrepreneurs who have founded six companies and scaled them to 100M+ users, including two exits.We’ve spent over a decade building the backbone of the crowdfunding economy. What started as a tool to simplify Kickstarter fulfillment is now a full-stack platform supporting creator growth at every stage.BackerKit was first to market with pledge manager and remains the most trusted solution in the industry. In 2024, we powered $1 in every $4 raised on Kickstarter, supporting thousands of campaigns.Today, our platform powers the full lifecycle:Custom-built pledge manager to streamline fulfillment and drive post-campaign revenueIntegrated marketing tools for outreach, segmentation, and growthPredictive analytics to guide campaign strategyReliable fulfillment systems and backer support, built for scaleCollab-Funding infrastructure for multi-creator campaigns and shared rewardsThis is tech built with—and for—creators. Purpose-built. Battle-tested. Ready to scale what’s next.Creators have hit funding plateaus. The old playbook isn’t working. As the crowdfunding space matured over the last decade, sites continue to lag in innovation.Many creators candidly shared with us that they were seeking an alternative, and fast.\u0026nbsp;Times have changed – and two versions of the internet are emerging. One built on the algorithmic-based, traffic-dependent platforms of the past. And another built for the passion-led, member-driven communities of today.\u0026nbsp;To pave a sustainable future for crowdfunding and its creators, we had to think bigger. Fan-driven experiences and the desire to belong to a corner of the internet inhabited and curated by people you trust are now at the forefront. Three years ago we had built almost everything but a crowdfunding site. But we also knew that building just another crowdfunding site wouldn’t suffice.\u0026nbsp;We had a crazy idea.We launched BackerKit Crowdfunding in 2022, making BackerKit our first, true end-to-end crowdfunding platform. In three short years, we raised the bar – for everyone.\u0026nbsp;We. Set. Records.It’s why creators like Brandon Sanderson, the #1 New York Times bestselling author chose BackerKit\u0026nbsp;for his latest campaign, which raised over $23M.We invented Collab-Funding, a game-changing approach to crowdfunding that allows creators to launch projects together for greater impact. Collab-Funding turns crowdfunding into a multiplayer experience that gets creators:\u0026nbsp;More fans by sharing audience exposure with other talented creatorsMore funds through inspired collaborative rewards and seamless cross-promotion toolsAnd way more fun by partnering with cool creators and running campaigns togetherEach type of Collab-Funding campaign boosts pledges through powerful collaborative incentives encouraging fans to back multiple projects to earn exclusive rewards. The network effects of Collab-Funding also empower creators to connect and grow their creative network through matchmaking as well as through BackerKit’s Creator Community Discord, one of the most active and supportive Discord communities in crowdfunding.\u0026nbsp;Collab-Funding is exhibiting break-neck performance across creator and backer acquisition, retention, referral, and advocacy.\u0026nbsp;Designed with growth in mind, BackerKit put creators and their - not just their projects - at the center and delivered crowdfunding like never before:\u0026nbsp;We're putting creators at the center: We’ve made crowdfunding a more repeatable, reliable source of fundingWe’re creating access new funding avenues: We’ve reimagined how campaigns start, end and how many creators can run them together\u0026nbsp;We’re building this for creators and their fans: We’ve released industry-first tech that ratchets up returns in and across each campaign, deepening relationships with fans\u0026nbsp;The result? Our creators, project volume, backer audiences, and funds raised grew at an exponential rate. Everything we do is in service of creator success, and making sure they see more fans, more funds and more fun.The future of independent creators hinges on the innovation of entirely new models of growth and discovery. The new pillars of the industry should be built on trusted networks that supercharge returns across multiple channels.\u0026nbsp;We’ll get there quickly by:\u0026nbsp;Accelerating the runaway success of Collab-Funding: Leverage the proven network effects of creator collabs as a catalyst for exponential growthMaximizing returns for creators and backers through Fandom: Continue to generate powerful growth engines for the crowdfunding tech stack. This will help creators engage, convert and grow their fanbase.Landing and expanding: Further capture the creator market by reaching new audiences in the booming multi-billion-dollar Creator Economy.\u0026nbsp;By moving with the shifts in creator and consumer behavior, we can give creators and fans what they want and deserve – more collaboration, choice, and control over the creative future they share.\u0026nbsp;The creator economy is rapidly expanding, growing at a 17.7% cumulative annual growth rate with 207 million+ creators worldwide seeking new ways to activate their audience and add new revenue streams to grow their business.BackerKit is now the best positioned to reintroduce crowdfunding to this vast, new generation of creators which includes influencers and digital content creators.We bootstrapped our way to profitability, putting aside enough money to invest heavily in our new crowdfunding platform over the last 2 years.The crowdfunding platform has runaway success.And we already have some wildly successful early adopters! Here are just a few creators who made a successful leap into crowdfunding, bringing their boldest ideas and most fervent fans to BackerKit.Our revenue comes directly from the funds our creators raise, ensuring that our success is directly tied to theirs. With 90% of projects successfully funded, compared to the industrywide average of 42%, we help creators win big and more often.With the launch of our next-generation crowdfunding platform, we’ve doubled pledge volume year-on-year. We’ve grown by helping creators succeed, not by charging upfront fees or locking them into rigid contracts.\u0026nbsp;And when they win, we all win.But how did we get here?The pledge manager. \u0026nbsp;We invented it. We perfected it.\u0026nbsp;\u0026nbsp;BackerKit’s pledge manager started out as a tool that helped creators with the painstaking parts of crowdfunding and quickly became the backbone of the crowdfunding economy.\u0026nbsp;By addressing a critical market need, we single-handedly invented an entirely new category that became the growth engine for creator crowdfunding.\u0026nbsp;\u0026nbsp;As one of the most trusted names in crowdfunding, we’ve powered a large share of all crowdfunding campaigns and racked up some eye-popping milestones along the way:More than $3.7 billion in funds managedMore than $650 million paid out directly to creators\u0026nbsp;Over $113 million in cumulative revenueFulfilled orders for every $1 in $4 dollars raised on Kickstarter in 2024Over 10,000 creators and 15 million backers servedBut we didn’t stop there. We grew our platform to include all the tools creators needed to be successful for the long haul. If creators lost sleep over it, BackerKit found a solution helping them get back to doing what they loved: creating awesome stuff for the world and their backers.We want our investors to have the same fun they do on our platform. Not only are we offering equity in BackerKit — giving you the opportunity to own a piece of our success — we also have rewards at each tier! Each tier builds upon the last, so you get the rewards in your tier and all of the ones underneath it!\u0026nbsp;Starting at the $5,000 tier,\u0026nbsp;your investment earns credits on BackerKit that you can use for your own campaign, or pass on directly to a creator you love. It’s a new way to champion the artists and makers in your life by helping them launch their next big idea.* Platform fee discounts increase with the amount you invest. For investments of $5-50k, creators will receive 10% off your crowdfunding platform invoices up to the invested amount. For investments of $100-500k, creators will receive 15% off your crowdfunding platform invoices up to the invested amount. For investments of $1,000,000 or more, creators will receive 20% off your crowdfunding platform invoices up to the invested amount.Our platform isn’t just software—it’s the product of working in tandem with the best creators in crowdfunding, that’s many of you!BackerKit’s success is directly tied to the success of the creators who use our platform. By continuing to build the best tools for them, we strengthen the entire ecosystem and increase our value as a company.\u0026nbsp;We are focused on long-term growth, sustainability, and turning crowdfunding on its head. We want our creators to become investors with us on this journey. As BackerKit continues to scale, there are multiple potential paths for investor returns. These include an acquisition, IPO, stock buybacks, or dividends. If any of those words are new to you, don’t worry. Click here to ask a question and we’ll get back to you. While the exact strategy will evolve as the company grows, our priority is ensuring the best possible outcome for our creators, backers, investors, and team.We’re raising money to continue breaking the status quo and to grow the crowdfunding market, because that’s what helps creators grow.","location":"San Francisco, CA","website":"https://www.backerkit.com","total_amount_raised":2886568,"total_investors":4374,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/backerkit","https://www.backerkit.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/166029/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/166029/large_blob.jpeg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/166029/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/166029/standard_blob.jpg"},"links":{"company_url":"https://www.backerkit.com","linkedin_url":"https://linkedin.com/company/backerkit","twitter_url":"https://x.com/backerkit","facebook_url":"https://facebook.com/backerkit","instagram_url":"https://instagram.com/backerkit"},"highlights":[{"id":62736,"name":"notable_angel","url":"notableangel","presentable_name":"Notable Angel","description":"Raised $25k or more from a notable angel investor","image_url":"https://uploads.wefunder.com/2021/profile-highlights-check.svg"},{"id":62735,"name":"y_combinator","url":"ycombinator","presentable_name":"Y Combinator","description":"Raised from Y Combinator","image_url":"https://uploads.wefunder.com/2021/profile-highlights-yc.svg"},{"id":75914,"name":"20m_plus_revenue","url":"20mplusrevenue","presentable_name":"$20M+ Revenue","description":"Earned over the last 12 months","image_url":"https://uploads.wefunder.com/2021/profile-highlights-up-arrow.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Explosive 2024 growth: $23.7M in revenue, 70% user increase, 2x funds raised, 4x projects launched"},{"index":2,"claim_id":"claim-fact-2","value":"$3.7B+ in funds managed, $650M paid to creators, \u0026amp; 15M users engaged since inception"},{"index":3,"claim_id":"claim-fact-3","value":"Led by YC alum \u0026amp; serial entrepreneurs with 2 exits and experience scaling to 100M+ users"},{"index":4,"claim_id":"claim-fact-4","value":"Backed by Y Combinator CEO Garry Tan and Gumroad CEO Sahil Lavingia"},{"index":5,"claim_id":"claim-fact-5","value":"8x consecutive weeks - Top 3 Most Raised on Wefunder"},{"index":6,"claim_id":"claim-fact-6","value":"10x Top 10 Most Raised campaign in the country"}],"team":[{"id":5241202,"entity_id":"wefunder:company_role:5241202","user_entity_id":"wefunder:user:4491276","role":"founder","name":"Maxwell Salzberg","title":"Chief Executive Officer \u0026 Co-Founder","bio":"Crowdfunding innovator. 2x founder. YC S12. Co-led the first ever $100K+ crowdfunded project. Redefined crowdfunding by co-inventing pledge management with BackerKit CCO. NYU Computer Science BS.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5241202/square_blob.jpg?1744994884","profile_url":"https://wefunder.com/maxwell.salzberg.1","personal_url":"https://www.linkedin.com/in/maxwell-salzberg","linkedin_url":"https://linkedin.com/maxwell-salzberg","related_urls":["https://wefunder.com/maxwell.salzberg.1","https://www.linkedin.com/in/maxwell-salzberg"]},{"id":5245101,"entity_id":"wefunder:company_role:5245101","user_entity_id":"wefunder:user:4489618","role":"founder","name":"Rosanna Yau","title":"Chief Creative Officer, Co-Founder","bio":"Design guru. 3x founder. YC S12. Former California College of Arts Graphic Productions faculty member. University of California Communication Design BS. California College of Arts Interaction Design MFA.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5245101/square_blob.jpg?1744994884","profile_url":"https://wefunder.com/rosanna.yau.1","personal_url":"https://www.backerkit.com","related_urls":["https://wefunder.com/rosanna.yau.1","https://www.backerkit.com"]},{"id":5348044,"entity_id":"wefunder:company_role:5348044","user_entity_id":"wefunder:user:4562993","role":"founder","name":"Alex Cavoulacos","title":"Chief Operating Officer","bio":"Operations executive. 3x founder. YC W12. Co-founded and scaled The Muse from 0 to 75M+ users. Co-founded Meta Angels, acquired in 2022. Forbes 30 under 30 in Media. Best-selling author. Ex-McKinsey. Yale BA.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5348044/square_blob.jpg?1757451875","profile_url":"https://wefunder.com/alex.cavoulacos","related_urls":["https://wefunder.com/alex.cavoulacos"]}],"featured_investors":[{"id":9941,"entity_id":"wefunder:company_investor_profile:9941","investor_profile_id":3633762,"investor_profile_entity_id":"wefunder:investor_profile:3633762","subject_entity_id":"wefunder:notable_investor:7250","name":"Y Combinator","role_title":"","bio":"Startup accelerator and VC firm that's launched over 4,000 companies, including Airbnb, Coinbase, DoorDash, Dropbox, Instacart, Reddit, and Stripe","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzAyMDQsInB1ciI6ImJsb2JfaWQifX0=--ce146950df5e17ddfae9d1e026b4fb87dd2bc7ab/1200px-Y_Combinator_logo.svg.png","profile_url":"https://wefunder.com/ycombinator","endorsement_name":"","is_lead_investor":false,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/ycombinator"]},{"id":9942,"entity_id":"wefunder:company_investor_profile:9942","investor_profile_id":3633134,"investor_profile_entity_id":"wefunder:investor_profile:3633134","subject_entity_id":"wefunder:notable_investor:4868","name":"SV Angel","role_title":"","bio":"SV Angel is a seed-focused fund known for early bets on Airbnb, Stripe, Dropbox, and Snapchat, with a long track record of backing breakout founders at the very beginning.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6ODk4MjI3LCJwdXIiOiJibG9iX2lkIn19--f8d4241c59bfd7787ad5c823279210dbd0032062/sva.png","profile_url":"https://wefunder.com/sv.angel.1","endorsement_name":"","is_lead_investor":false,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/sv.angel.1"]},{"id":10908,"entity_id":"wefunder:company_investor_profile:10908","investor_profile_id":1005134,"investor_profile_entity_id":"wefunder:investor_profile:1005134","subject_entity_id":"wefunder:user:1479219","name":"Sahil Lavingia","role_title":"","bio":"Built Gumroad from $0 to $125M+ valuation. Raised $5M Reg-CF. Counts Eminem, Bon Jovi, Garth Brooks, Landmark Theatres, and Tim Ferriss as Gumroad users. Best selling author and seasoned angel investor (SandHill Markets, Eight Sleep, Maven and more).","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1479219/medium_blob.jpg","profile_url":"https://wefunder.com/sahillavingia2","endorsement_quote":"I am investing in BackerKit because I believe in their transformative approach to empowering creators and revolutionizing the crowdfunding process. With a proven track record—over $113 million in lifetime revenue and more than $650 million paid to creators since 2012—BackerKit has consistently demonstrated robust growth and a deep commitment to the creative community. The crowdfunding platform’s impressive 284% year-over-year growth highlights its ability to adapt and thrive in an ever-changing market, while its innovative solutions streamline campaign management and post-campaign support for both creators and investors. Moreover, the leadership team, including visionary figures like Maxwell Salzberg, Rosanna Yau, and Alex Cavoulacos, brings a unique blend of experience, passion, and strategic insight that instills confidence in the company’s future. Their dedication to excellence and continuous innovation has already redefined what is possible in the crowdfunding space. I am excited to support BackerKit as a Lead Investor, not only for its financial performance but also for its commitment to driving meaningful change in the way creative projects come to life. This opportunity aligns perfectly with my belief in investing in companies that make a positive impact, and I look forward to contributing to BackerKit’s continued success.","endorsement_name":"","investment_total":100000,"investment_info":"Invested $100,000 this round","is_lead_investor":true,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/sahillavingia2"]},{"id":11025,"entity_id":"wefunder:company_investor_profile:11025","investor_profile_id":4175559,"investor_profile_entity_id":"wefunder:investor_profile:4175559","subject_entity_id":"wefunder:notable_investor:14672","name":"Garry Tan","role_title":"","bio":"CEO of Y Combinator. Co-founded Initialized Capital with Alexis Ohanian and raised more than $3.2 billion dollars. Early investor in Coinbase and Instacart.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6NDE3Nzg5LCJwdXIiOiJibG9iX2lkIn19--c2f4fdeff53881d1bb2cca1901b811231940df08/filename","profile_url":"https://wefunder.com/garry.tan.2","endorsement_quote":"“BackerKit has quietly become one of the most trusted and essential platforms in the creator economy. Their choice to remain independent while continuing to innovate, like with Collab-Funding, demonstrates a rare combination of vision and execution. This is a team that consistently delivers for creators, and I’m excited to support what comes next.”","endorsement_name":"","is_lead_investor":false,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/garry.tan.2"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":49,"featured_investors":4,"faq_entries":5},"active_fundraises":[{"id":125797,"entity_id":"wefunder:fundraise:125797","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":3200000.0,"minimum_target":"50000.0","maximum_target":"3200000.0"},{"id":125796,"entity_id":"wefunder:fundraise:125796","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.0","maximum_target":"3200000.0","funding_started_at":"2025-04-25T18:27:13Z","funding_closed_at":"2025-09-11T03:59:59Z","auto_close_at":"2025-09-11T03:59:59Z"}],"latest_fundraise":{"id":125797,"entity_id":"wefunder:fundraise:125797","state":"successful","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":"$89M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":307341,"entity_id":"wefunder:comment:307341","question":"We are evaluating participation and have reviewed the investment terms and details of the SAFE. We would now appreciate clarification on several investor-focused points before considering further engagement. Specifically, we are seeking clarity on whether there is a realistic path to liquidity, whether there is a future funding roadmap that will either build value or dilute early investors, how the founders see their endgame (independence, acquisition, IPO), and whether there is any option for liquidity prior to an exit. Clear responses to these questions are essential for assessing the opportunity. 1. What is your anticipated timeline or roadmap for a potential liquidity event (such as acquisition, IPO, or secondary sale)? 2. Are there plans to raise additional institutional or venture capital rounds, and if so, how do you see those rounds contributing toward or delaying a major exit event? 3. How does the team view the balance between long-term independence and the potential for acquisition or public offering? 4. Are there any mechanisms under consideration to provide optional investor liquidity prior to a major exit event? Thank you!","author_name":"Mobius Mann","votes":9,"created_at":"2025-05-01T21:12:49Z","canonical_url":"https://wefunder.com/backerkit#question-307341","answers":[{"id":307578,"entity_id":"wefunder:comment:307578","answer":"We are still considering multiple potential paths for investor returns, including an acquisition, IPO, stock buybacks, or dividends. We are focused on long-term growth as we reinvent crowdfunding for the creator economy, so that liquidity event could be more than 5 years out. We want to remain independent like our creators for as long as makes sense. As the company grows, future funding rounds may occur. Given this is our first significant funding round in 13 years as a company, we know how to be scrappy, but we want to make sure we are maximizing helping our creators grow. Overall, our goal is to increase the value of the business. That could result in a big benefit for early investors.","author_name":"Maxwell Salzberg","votes":5,"created_at":"2025-05-06T16:53:46Z"}]},{"id":307025,"entity_id":"wefunder:comment:307025","question":"Can you tell what does Collab-funding event of your choice as well as $10,000 in Creator Crowdfunding Platform Credits mean?","author_name":"Ankit Bhangar","votes":5,"created_at":"2025-04-28T18:17:35Z","canonical_url":"https://wefunder.com/backerkit#question-307025","answers":[{"id":307147,"entity_id":"wefunder:comment:307147","answer":"Hi Ankit, Thanks so much for the questions. Both of these perks are more oriented towards crowdfunding creators, but could be used by fans and backers as well. First: Collab Event of your choice. Collaborative funding (backerkit.com/collab-funding) has been our fastest growing segment on the platform. One of the powerful ways that has happened is by smaller groups of creators making their own, community run events. To date, we’ve worked with a select group of trusted creators to enable them to run Collab-funding events around a theme of their choosing (see backerkit.com/c/project_collection_events for the types of community lead events that have happened so far) With this perk, you would get to work with the BackerKit team to help you plan and recruit for a group collaboration of your choice. For example, if you were a creator in the travel space and wanted to do a travel themed event, we would help give you the tools, support and resources to make your own collab-event highlighting your community. If you are not a creator, we could help you brainstorm a collab-event for a community, creator or theme you are passionate about, and with your involvement, help bring it to life. Second: Platform Credits Platform credits are a way to give back to creators launching on BackerKit Crowdfunding and to create a sense of ownership by participating in our Wefunder. This perk allows creators investing $10,000 or more to “get out what they put in”. The amount invested would be deducted from future invoices (see details below) when they launch their future projects on BackerKit while also allowing them to share in the upside in our continued growth as shareholders. TL;DR: We wanted to have a way where our most loyal creators share in the upside of helping BackerKit grow. I’m including the note from the bottom of the perks section here as well, for reference: “Platform fee discounts increase with the amount you invest. For investments of $10-50k, creators will receive 10% off your crowdfunding platform invoices up to the invested amount. For investments of $100-500k, creators will receive 15% off your crowdfunding platform invoices up to the invested amount. For investments of $1,000,000 or more, creators will receive 20% off your crowdfunding platform invoices up to the invested amount.” These credits roll over from project to project, so if you don’t redeem the full amount with your first launch, you can redeem them on your next project, up to the amount of funds you put into our Wefunder. If you are not a creator, you can gift your platform credits to your favorite creator(s) for their future launches to support them. 05/09/2025 Update: See our full update on this question here: https://wefunder.com/updates/182237-invest-in-backerkit-get-credits-for-your-crowdfunding-campaign","author_name":"Maxwell Salzberg","votes":7,"created_at":"2025-04-29T21:37:48Z"}]},{"id":307874,"entity_id":"wefunder:comment:307874","question":"Margins were 39.3% in 2023, 35.6% in 2024 and 31.6% in Q1 2025. What is the cause of the decreasing margin, and what steps are you taking to address this?","author_name":"Christopher Borberg","votes":3,"created_at":"2025-05-09T11:07:53Z","canonical_url":"https://wefunder.com/backerkit#question-307874","answers":[]},{"id":307872,"entity_id":"wefunder:comment:307872","question":"From 2023 to 2024, revenue increased by 4.4 mio (23%). Given a 4x increase in projects and 2x increase in funds raised, why did revenue only increase by 23%?","author_name":"Christopher Borberg","votes":3,"created_at":"2025-05-09T11:07:18Z","canonical_url":"https://wefunder.com/backerkit#question-307872","answers":[]},{"id":307588,"entity_id":"wefunder:comment:307588","question":"Good day, I'd like to invest, but when I entered my address the system said that I could not invest from this location, even though my province (Saskatchewan) falls outside of the information in the FAQ, which states: \"Unfortunately, residents of the Canadian provinces of Alberta, British Columbia, Ontario, and Quebec are currently barred from investing on our platform...\" Please advise. Thank you.","author_name":"Berny Hi","votes":3,"created_at":"2025-05-06T18:28:11Z","canonical_url":"https://wefunder.com/backerkit#question-307588","answers":[{"id":309267,"entity_id":"wefunder:comment:309267","answer":"Thanks for reaching out! While the FAQ lists specific provinces, Wefunder is currently not accepting investments from any location in Canada, including Saskatchewan. We understand this can be frustrating, and we’ll be sure to share any updates if that changes in the future. Let us know if you have any other questions!","author_name":"Maxwell Salzberg","votes":1,"created_at":"2025-06-05T23:27:40Z"}]},{"id":307545,"entity_id":"wefunder:comment:307545","question":"In the \"Risks\" section under #12, it states that \"SAFEs do not grant ownership, voting rights, or liquidation preference,\" but under the \"TL;DR\" description it says that \"equity crowdfunding on Wefunder allows investors to receive actual ownership and potential financial returns as we grow, in addition to rewards.\" Does this mean that investment via this crowdfunding does not lead to ownership in the company?","author_name":"A C","votes":3,"created_at":"2025-05-05T23:28:43Z","canonical_url":"https://wefunder.com/backerkit#question-307545","answers":[{"id":309266,"entity_id":"wefunder:comment:309266","answer":"Great question! With a SAFE, your investment is set to convert into equity during a future priced round - so you're on track to own part of the company. That’s why things like voting rights don’t apply just yet. It’s a popular way to support startups early and share in potential upside as they grow! Learn more about SAFEs by visiting: https://wefunder.com/backerkit/invest","author_name":"Maxwell Salzberg","votes":2,"created_at":"2025-06-05T23:26:57Z"}]},{"id":307474,"entity_id":"wefunder:comment:307474","question":"Is the creator credit applicable to all platform fees, including crowdfunding, pledge management, ad management fees?","author_name":"I G","votes":3,"created_at":"2025-05-05T10:08:06Z","canonical_url":"https://wefunder.com/backerkit#question-307474","answers":[{"id":307579,"entity_id":"wefunder:comment:307579","answer":"Hi I G, The credit credit apply specifically to the fees related to running a crowdfunding project on BackerKit. It does not include the pledge management fees (though the platform fee is waived for creators on BackerKit Crowdfunding) Update: See the full breakdown how this works here: https://wefunder.com/updates/182237-invest-in-backerkit-get-credits-for-your-crowdfunding-campaign","author_name":"Maxwell Salzberg","votes":3,"created_at":"2025-05-06T16:55:11Z"}]},{"id":307280,"entity_id":"wefunder:comment:307280","question":"are there any potential issues with me as a foureign investor (UK) investing in an american company in the current economic climate?","author_name":"Greg Mott","votes":3,"created_at":"2025-05-01T07:37:34Z","canonical_url":"https://wefunder.com/backerkit#question-307280","answers":[{"id":307318,"entity_id":"wefunder:comment:307318","answer":"Hey Greg, I appreciate the question and understand why you are asking it. Wefunder supports investors from all over the world. According to Wefunder documentation, investors from UK are welcome: https://help.wefunder.com/investing/who-can-invest.","author_name":"Maxwell Salzberg","votes":2,"created_at":"2025-05-01T17:56:05Z"}]},{"id":313303,"entity_id":"wefunder:comment:313303","question":"I can't find any information on what this \"5 Pin Set\" is for the $500 level. Any clarity on what this perk is?","author_name":"Dustin Leitzel","votes":2,"created_at":"2025-08-19T16:51:07Z","canonical_url":"https://wefunder.com/backerkit#question-313303","answers":[{"id":313844,"entity_id":"wefunder:comment:313844","answer":"Hi! The 5 pin set is a set of custom BackerKit Enamel pins. BackerKit (somewhat famously) loves enamel pins, and we have commissioned many of our creators to make a yearly set for us to hand out to our customers over the years. For this set, we are making one new exclusive investor only Pin, plus some of our favorites from years past to include for our investors.","author_name":"Maxwell Salzberg","votes":1,"created_at":"2025-08-27T18:55:26Z"}]},{"id":309712,"entity_id":"wefunder:comment:309712","question":"Hello, As an investor, I'm concerned about the lack of updates and inclusion in company emails, as seen in a previous company's experience where investors were not informed about significant developments, including the sale of the company without returns. Can you please clarify: 1. How often will your company provide updates to investors? 2. What measures will you take to ensure transparency and keep investors informed about key developments, such as financial performance, strategic decisions, or changes in leadership? I would appreciate it if you could outline your communication plan and frequency to maintain trust and transparency with your investors. (6/21/25)","author_name":"Edgar Rivera","votes":2,"created_at":"2025-06-15T00:20:06Z","canonical_url":"https://wefunder.com/backerkit#question-309712","answers":[{"id":310221,"entity_id":"wefunder:comment:310221","answer":"Great question, and an important one! Transparency is an important value for us at BackerKit, we’ve always prioritized this with our customers and will do so with investors as well. Our plan is to have at a minimum an annual update when our FY financials close, with a note on key themes or priorities for the business. The first one is expected to be in September or October of this year. We also expect there to be 1-2 other updates per year around key events such as new product launches or hires. If there were to be other key developments like the ones you mentioned – strategic decisions or changes in leadership – those would of course be sent out to investors.","author_name":"Maxwell Salzberg","votes":1,"created_at":"2025-06-25T18:13:06Z"}]},{"id":309232,"entity_id":"wefunder:comment:309232","question":"What is your turnaround strategy since The negative net margin, ROA, and EPS indicate serious profitability and operational efficiency issues, even though the company’s liquidity and low debt ratios are positive?","author_name":"Samuel K Ameyaw MD MBA","votes":2,"created_at":"2025-06-05T05:52:03Z","canonical_url":"https://wefunder.com/backerkit#question-309232","answers":[{"id":309422,"entity_id":"wefunder:comment:309422","answer":"The 2024 negative net margin does include a significant goodwill markdown of intangible assets from a 2022 acquisition which does not have a cash impact but does impact the financials. This is defined on page FS-10 and detailed further on page FS-14 in the audited financials posted to our details page here on WeFunder, if you would like to see the breakdown. We believe our cost base and operational efficiency is being managed appropriately, and would be happy to walk through this in more detail with our COO on a quick call if that would be helpful. You can email me at max@backerkit.com to set that up, if interested.","author_name":"Maxwell Salzberg","votes":0,"created_at":"2025-06-09T16:29:05Z"}]},{"id":307873,"entity_id":"wefunder:comment:307873","question":"According to the financials statement, Q1 2025 had a revenue of 3.2 million, corresponding to a yearly revenue of 12.9 mio, a decrease of 45,6%, not taking seasonality into account. Is the revenue decrease due to seasonality, and if so, can you provide Q1 2023 and 2024 results for a proper YoY increase calculation?","author_name":"Christopher Borberg","votes":2,"created_at":"2025-05-09T11:07:49Z","canonical_url":"https://wefunder.com/backerkit#question-307873","answers":[]},{"id":307869,"entity_id":"wefunder:comment:307869","question":"What do you think about this weeks announcement of Kickstarter’s Pledge manager? Where you aware of this launch prior to starting this investment campaign. How will you counter their competitive product offering?","author_name":"Fedor Van Herpen","votes":2,"created_at":"2025-05-09T07:45:12Z","canonical_url":"https://wefunder.com/backerkit#question-307869","answers":[{"id":307910,"entity_id":"wefunder:comment:307910","answer":"Hey Fedor, so glad you asked. We did know this was coming, and are glad to see a category we invented get validated by the market leader :). We have some fun announcements planned for the public phase of this Wefunder, so stay tuned for what is coming next from us.","author_name":"Maxwell Salzberg","votes":2,"created_at":"2025-05-09T20:45:03Z"}]},{"id":307394,"entity_id":"wefunder:comment:307394","question":"Hello, I am interested to investing in Backerkit. How much is the share price of Backerkit and how much is the equity when you invest $100 and how much for $500 and how do you sell your equity if you want to leave?","author_name":"Mehdi Masmoudi","votes":2,"created_at":"2025-05-02T23:35:52Z","canonical_url":"https://wefunder.com/backerkit#question-307394","answers":[{"id":309265,"entity_id":"wefunder:comment:309265","answer":"Our community round uses a SAFE, so there’s no set share price. A $100 or $500 investment turns into equity later during a priced round. To learn more details about the SAFE structure click on the docs found on: https://wefunder.com/backerkit/invest","author_name":"Maxwell Salzberg","votes":0,"created_at":"2025-06-05T23:26:11Z"}]},{"id":307230,"entity_id":"wefunder:comment:307230","question":"Are there any guarantees that equity purchased now won't be diluted down in the future?","author_name":"Nate Johnson","votes":2,"created_at":"2025-04-30T20:41:22Z","canonical_url":"https://wefunder.com/backerkit#question-307230","answers":[{"id":307310,"entity_id":"wefunder:comment:307310","answer":"Like any (startup) investment, there’s no guarantee against future dilution. That said, we’re focused on raising capital strategically and building long-term value. As the company grows, future funding rounds may occur. Overall, our goal is to increase the value of the business.","author_name":"Maxwell Salzberg","votes":4,"created_at":"2025-05-01T16:55:32Z"}]},{"id":307211,"entity_id":"wefunder:comment:307211","question":"Hello! Are you intending to go public with an IPO in the near (~5 years or less) future?","author_name":"Jason T Blackstone","votes":2,"created_at":"2025-04-30T16:46:47Z","canonical_url":"https://wefunder.com/backerkit#question-307211","answers":[{"id":307225,"entity_id":"wefunder:comment:307225","answer":"We are still considering multiple potential paths for investor returns, including an acquisition, IPO, stock buybacks, or dividends. We are focused on long-term growth as we we reinvent crowdfunding for the creator economy, so that liquidity event could be more than 5 years out.","author_name":"Maxwell Salzberg","votes":6,"created_at":"2025-04-30T19:02:24Z"}]},{"id":313958,"entity_id":"wefunder:comment:313958","question":"How many SAFES are outstanding?","author_name":"Christina Cheng","votes":1,"created_at":"2025-08-29T20:07:53Z","canonical_url":"https://wefunder.com/backerkit#question-313958","answers":[]},{"id":313918,"entity_id":"wefunder:comment:313918","question":"온라인슬롯, 슬롯사이트, 먹튀검증, 온라인카지노, 토토사이트, 카지노 커뮤니티, 슬롯커뮤니티, 무료슬롯체험, 온라인바카라, 에볼루션카지노, 프라그마틱슬롯 토토사이트 https://kkuns.com","author_name":"Slot Site","votes":1,"created_at":"2025-08-29T02:49:30Z","canonical_url":"https://wefunder.com/backerkit#question-313918","answers":[]},{"id":313850,"entity_id":"wefunder:comment:313850","question":"Sorry I put the name of the company. That is what i want to be part of a company that makes money In various ways. Not just one or two. We can be that one stop shop for creators that will be huge. Easily a unicorn fast. Thanks for response.","author_name":"John Webster","votes":1,"created_at":"2025-08-27T20:21:27Z","canonical_url":"https://wefunder.com/backerkit#question-313850","answers":[]},{"id":313707,"entity_id":"wefunder:comment:313707","question":"Can you break down the revenue stream (campaign fees, commission, performance marketing services or others) and their respective conversion cycles for each stream. Specifically at what stage are these revenue streams recognized and when they are converted cash. Could you also quantify the conversion cycle or the average time for pledge volume to be converted to cash. Can we also set up a call if we decide to send a question list or have further questions. Thanks.","author_name":"Will Doe","votes":1,"created_at":"2025-08-26T04:04:27Z","canonical_url":"https://wefunder.com/backerkit#question-313707","answers":[{"id":313843,"entity_id":"wefunder:comment:313843","answer":"Happy to break this down for you. We use GAAP accounting, and recognize the revenue for each revenue stream slightly differently. Campaign fees are recognized when a crowdfunding campaign ends, while transaction fees are recognized immediately as transactions occur. Marketing services revenue is recognized after campaigns conclude, based on ad spending and contracted commissions. From an average time to cash perspective, we typically receive payments in under 30 days of a campaign closing on BackerKit, and 45 days if they raised funds on another platform but used us for the pledge manager and/or ads.","author_name":"Maxwell Salzberg","votes":0,"created_at":"2025-08-27T18:52:34Z"}]},{"id":313282,"entity_id":"wefunder:comment:313282","question":"I am potentially read to roll as soon as I get a response to my question. thank you","author_name":"John Webster","votes":1,"created_at":"2025-08-18T19:41:24Z","canonical_url":"https://wefunder.com/backerkit#question-313282","answers":[]},{"id":312896,"entity_id":"wefunder:comment:312896","question":"I had a few questions as a potential investor: 1. Since June 2025, what is your monthly GMV and platform revenue trend compared to the same months last year? Can you share actual July and August 2025 figures or at least % change YoY? 2. How many new creators have launched campaigns since June 5, and what % of them used the new Pre-Launch Reservations feature? What is the average conversion rate from reservation to pledge across multiple campaigns? 3. From Gen Con and other recent events, how many publisher migrations or high-value deals have you secured, and what is the projected GMV they could bring over the next 12–18 months? 4. What % of creators who launched in the past 12 months have returned for a second campaign? Has that changed since introducing collab-funding events like Pintopia and Pocketopia? 5. What is your current average take-rate, and how have the new shipping tools, Tariff Manager, and other operational upgrades impacted gross margin since Q1 2025? Thanks","author_name":"Yosef  Hertz","votes":1,"created_at":"2025-08-09T21:21:55Z","canonical_url":"https://wefunder.com/backerkit#question-312896","answers":[]},{"id":312881,"entity_id":"wefunder:comment:312881","question":"So, is this like buying stock in backerkit? Or more like a crowdfunding campaign? Or something else? I'm a little confused...","author_name":"Melker Willforss","votes":1,"created_at":"2025-08-09T16:53:06Z","canonical_url":"https://wefunder.com/backerkit#question-312881","answers":[{"id":313076,"entity_id":"wefunder:comment:313076","answer":"This isn’t a rewards-based crowdfunding campaign — it’s an equity crowdfunding round under Reg CF. That means when you invest, you’re buying an ownership stake in BackerKit. You may still get perks, but the main difference is you actually own part of the company and share in potential future returns. We’re raising on a SAFE. You can read more here in the FAQ: https://help.wefunder.com/#/contract/295248-safe https://help.wefunder.com/after-you-invest/304312-how-do-i-earn-a-return?from_search=197206678 This page has investment documents you can review: https://wefunder.com/backerkit/invest","author_name":"Maxwell Salzberg","votes":0,"created_at":"2025-08-13T16:49:22Z"}]},{"id":312429,"entity_id":"wefunder:comment:312429","question":"I hope my question won't be felt as provocative nor that it has been answered before as I didn't have time to go through all the discussion that already took place below. I understand that BK has been very successful over the last couple of years, beating every competitor's metric in terms of growth, reaching an annual revenue of USD 23.7m. My question is why do you need to raise additional money on WeFunder ? Since you don't publish your financials (and don't have to) and have on idea about your CapEx, cost structure, and headcount, I was wondering if USD 23.7m annual revenue wasn't enough to dedicate a significant part of it into R\u0026amp;D in order to further develop your BK's platform. Many thanks in advance.","author_name":"Jonathan Bellaiche","votes":1,"created_at":"2025-08-04T17:07:31Z","canonical_url":"https://wefunder.com/backerkit#question-312429","answers":[{"id":313075,"entity_id":"wefunder:comment:313075","answer":"Not a provocative question at all, I understand why you’re asking it! The reason why we are raising additional money on WeFunder is because we want to be able to move faster to get new innovations to market. As a bootstrapped company, we’re limited to growing as quickly as our revenue, so this extra capital will allow us to make faster progress.","author_name":"Maxwell Salzberg","votes":0,"created_at":"2025-08-13T16:49:00Z"}]},{"id":312279,"entity_id":"wefunder:comment:312279","question":"I’m interested in buying some shares, but I’m really concerned about the platform itself. Wefunder has shifted focus toward Reg D offerings, which means small investors like us might get pushed out in the future. That already happened with the Immersed IO deal. Our unrealized profits disappeared. The campaign vanished without notice. And we lost money with zero communication. Can you guarantee that won’t happen here? What protection do we have as retail investors on Wefunder now?","author_name":"Golden K3y","votes":1,"created_at":"2025-08-01T14:14:53Z","canonical_url":"https://wefunder.com/backerkit#question-312279","answers":[{"id":313375,"entity_id":"wefunder:comment:313375","answer":"I completely understand your concern — the experience you described sounds frustrating, and transparency matters a lot to us. Our round is a Reg CF offering on Wefunder, which is designed for and open to retail investors. We have no plans of converting this round to a Reg-D round. While no investment is risk-free, your ownership in this Reg CF round won’t vanish.","author_name":"Maxwell Salzberg","votes":0,"created_at":"2025-08-20T16:05:13Z"}]}],"faq":[{"question":"Can you tell what does Collab-funding event of your choice as well as $10,000 in Creator Crowdfunding Platform Credits mean?","answer":"Hi Ankit, Thanks so much for the questions. Both of these perks are more oriented towards crowdfunding creators, but could be used by fans and backers as well. First: Collab Event of your choice. Collaborative funding (backerkit.com/collab-funding) has been our fastest growing segment on the platform. One of the powerful ways that has happened is by smaller groups of creators making their own, community run events. To date, we’ve worked with a select group of trusted creators to enable them t..."},{"question":"Hello! Are you intending to go public with an IPO in the near (~5 years or less) future?","answer":"We are still considering multiple potential paths for investor returns, including an acquisition, IPO, stock buybacks, or dividends. We are focused on long-term growth as we we reinvent crowdfunding for the creator economy, so that liquidity event could be more than 5 years out."},{"question":"Are there any guarantees that equity purchased now won't be diluted down in the future?","answer":"Like any (startup) investment, there’s no guarantee against future dilution. That said, we’re focused on raising capital strategically and building long-term value. As the company grows, future funding rounds may occur. Overall, our goal is to increase the value of the business."},{"question":"are there any potential issues with me as a foureign investor (UK) investing in an american company in the current economic climate?","answer":"Hey Greg, I appreciate the question and understand why you are asking it. Wefunder supports investors from all over the world. According to Wefunder documentation, investors from UK are welcome: https://help.wefunder.com/investing/who-can-invest."},{"question":"We are evaluating participation and have reviewed the investment terms and details of the SAFE. We would now appreciate clarification on several investor-focused points before considering further engagement. Specifically, we are seeking clarity on whether there is a realistic ...","answer":"We are still considering multiple potential paths for investor returns, including an acquisition, IPO, stock buybacks, or dividends. We are focused on long-term growth as we reinvent crowdfunding for the creator economy, so that liquidity event could be more than 5 years out. We want to remain independent like our creators for as long as makes sense. As the company grows, future funding rounds may occur. Given this is our first significant funding round in 13 years as a company, we know how t..."}]}}}