Crowdfunding good
summary
Kickstarter reports having raised more than $2 billion from roughly 10 million backers and being profitable for five years while reincorporating as a public benefit corporation that must weigh social impact equally with sustainability. New commitments include donate 5% of profits annually, refuse forced arbitration and user‑data sales, and publish performance reports starting February 2017. Platform experiments include a UNHCR drive that raised $1.8 million in seven days, while film (≈10% of recent Sundance titles) and hardware show very different success rates.
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chapters (14)
- 0:00Introduction to Kickstarter
- 0:54Becoming a public benefit corporation
- 2:18Public benefit corporation commitments
- 4:01Responsibility over profit maximization
- 6:06Profit with purpose and sustainability
- 7:09Recruiting talent with idealism
- 8:55Investor support for idealism
- 9:58Fighting the monoculture
- 11:04Crowdfunding beyond profit motives
- 12:51Hardware projects and acquisitions
- 14:14What makes projects succeed
- 15:36Humanitarian interventions
- 17:22Advice for ambitious startups
- 18:48Personal reflections and closing
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