Crowdfunding Raises $182,000 Coverage in Fortune, ExtremetechJuly 16, 2014
With a boost from a 20-day extension, the crowdfunding campaign of LPPFusion, Inc. and the Focus Fusion Society was a great success, raising $182,000, or 91% of our original goal of $200,000. (This includes $2,000 in Bitcoins not counted in the number on the Indiegogo website.) We received contributions from 1,923 individuals, many of whom gave more than once.
The campaign greatly increased our visibility with coverage in Fortune, Extremetech, Gizmag, IEEE Spectrum, and Tageszeitung Kurier, a major Austrian newspaper. With over 70,000 users of the Indiegogo site we estimate that around a million people have now heard in some way about our Focus Fusion project. That publicity in turn led to $135,000 in new investments so far, with over 30 inquiries from potential investors.
Together these developments have put our Focus Fusion project on a much more solid financial basis. We will be continuing to crowdfund the remaining money for our goal on our LPPFusion website. And we will be reaching out to our new thousands of supporters to organize to get the word out more widely. Since the vast majority of our supporters have some technical background, many will be able to help us with their skills.
LPPFusion offer its sincere thanks to all our generous contributors. In addition to the top contributors that we thanked last month, this month we want to extend special thanks to our new top givers:
Edward Peschko at $5,000, Paul A. Lindgaas Ã˜rstvet at $2,800.00 and Daniel J. Dunn II, Josiah Carlson, Adam Raymond and Frank Solan at $1,000.
Thanks as well to our campaign staffers: Lauren Fash, who directed the video and so much more, Carlton Bishop who helped get us press coverage, and Erica Bardin and Susan Posluszny who mobilized social media. Finally we LPPFusion could not have organized this campaign without the close collaboration of the Focus Fusion Society and its devoted volunteer Board of Directors: Arif Basha, Ignas Galvelis, Dennis Peterson, Dr. Warwick Michael Dumas, Jasmine Strong, William Tailor, Matthew Morris, Chuck Stewart, Kyle Haines, Oliver Snow and all the volunteers organized for this campaign.