1. 8 Dec



    10% of this year's Sundance selections raised money on Kickstarter

    whitneymcn:

    This is mindblowing from a wide variety of perspectives, so I’ll just pick one:

    Remember when Kickstarter hit 1MM backers a couple of months ago, and it was pointed by (first by @garychou, I believe) that the money pledged by Kickstarter backers was approaching 65% of the NEA’s annual budget? 

    Well consider this: the Sundance Institute itself received NEA grants totaling $180,000 in 2011. The 14 Kickstarter-supported films appearing at Sundance received more than $370,000 from Kickstarter backers in 2011.

    It’s not an apples-to-anything comparison, but it’s incredible nonetheless.

    (Source: david, via fred-wilson)

     
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    My take: Proof of concept: a most definite yes. Served as inspiration for crowdfunding bill approved by the House....
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    ENTREPRENEURISM > SOCIALISM
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  34. This was featured in #Tech
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