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Kickstarter

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This is an old revision of this page, as edited by 195.1.73.1 (talk) at 12:15, 23 September 2010 (just to make it clear that funding a project does not require it.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Kickstarter
File:Kickstarter-logo.jpg
Type of site
Crowdfunding
Available inEnglish
URLKickstarter.com
CommercialYes

Kickstarter is an online threshold pledge system for funding creative projects. Kickstarter has funded a diverse array of endeavors,[1] ranging from indie film and music to journalism and food-related projects.[2]

One of a new set of fundraising platforms dubbed "crowdfunding",[3] Kickstarter facilitates gathering monetary resources from the general public. Unlike many forums for fundraising or investment, Kickstarter claims no ownership over the projects and the work they produce, but instead turns a profit by claiming 5% of the funds raised. Project owners choose a deadline and a target minimum of funds to raise. If the chosen target is not gathered by the deadline, no funds are collected (this is known as a provision point mechanism).[4] Money pledged by donors is collected using the Amazon Payments system,[5] and initiating projects require a U.S. bank account.

The Miami New Times jokingly proclaimed "Kickstarter.com is one of the smartest ideas for a website since Al Gore invented the Internet."[6] It was founded in April 2009 by Perry Chen, Yancey Strickler, and Charles Adler.[7] Andy Baio is the site's CTO, and the startup is based in Manhattan's Lower East Side.[8] Similar services include SellaBand, FirstGiving, PledgeMusic, and PledgeBank.[9]

References

  1. ^ Levy, Shawn (May 29, 2010). "Kickstarter raises money online for artistic endeavors, tapping into Portland ethos". The Oregonian.
  2. ^ Wortham, Jenna (August 24, 2009). "A Few Dollars at a Time, Patrons Support Artists on the Web". The New York Times.
  3. ^ Villano, Matt (March 14, 2010). "Small Donations in Large Numbers, With Online Help". The New York Times.
  4. ^ Musgrove, Mike (March 7, 2010). "At Play: Kickstarter is a Web site for the starving artist". washingtonpost.com.
  5. ^ Stross, Randall (April 2, 2010). "You, Too, Can Bankroll a Rock Band". The New York Times.
  6. ^ Fischer, Reed (2010-04-16). "Every You Launches Kickstarter Project to Fund Video and Studio Time". Miami New Times. Retrieved 29 April 2010.
  7. ^ Lagorio, Christine (Apr 27, 2010). "How to Use Kickstarter to Launch a Business". Inc.
  8. ^ Shafrir, Doree (April 18, 2010). "Tweet Tweet Boom Boom". New York Magazine.
  9. ^ Wauters, Robin (Apr 29, 2009). "Kickstarter Launches Another Social Fundraising Platform". TechCrunch.