Prediction of Project Success on Crowdfunding Portals

Crowdfunding is a way of funding with the support of large number of people who help by contributing small amounts of money. For some people crowdfunding can be considered a simple way to get a capital needed to bring their creative projects to life. Crowdfunding portals such as Kickstarter and Indiegogo provide an opportunity for these people to achieve their goals. Naturally, there are projects that were successfully funded but also projects that were not.
Our task is to predict whether a project created on Kickstarter will get funded as it might be very useful for project creator as a way of feedback. To do so, we will use data about projects from Kickstarter recorded in different time periods together with relevant data gathered from Facebook, assuming social networks might have great impact on project success. Besides many other methods, we will use NLP to extract features from structured texts (e.g. project description).