Date post: | 14-Sep-2014 |
Category: |
Entertainment & Humor |
View: | 52 times |
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Optimize your crowdfunding success
Meredith Trotter
The Challenge
Can I predict the success of your crowdfunding campaign
using information you would have BEFORE
you commit to a platform?
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
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
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
Meredith Trotter