Insight certainty 4/5 debate potential 2/5

Crowdfunding removes the social friction of directly asking friends for money

Perry Chen · Kickstarter: Perry Chen · Jul 31, 2017 · at 31:28

Perry Chen, co-founder of Kickstarter, explains how structured crowdfunding normalizes asking acquaintances for financial support.

0:00 / 0:08exact quote · 8.6s
720p mp4 · rendered on demand · StarZero watermark
“There was this social friction before that existed, and the model has been able to eliminate that, or even put it in a way that's socially positive.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Perry Chen

Opinion
Chen: Pure shareholder profit maximization is unfit for humans
“If underneath the mandate is, at the end of the day, make the most money for shareholders, it's a really, it's not really a good fit for humans, and I don't think it's, It portends very well for society if this is what we accept as the only way to do it.”
Perry Chen Dec 31, 2018 ▶ 34:09 Kickstarter: Perry Chen (2018)
Insight
Perry Chen: Many founders work years in misery just to avoid failing
“I think so many entrepreneurs just drive themselves to not fail their employees, not fail their investors, not fail, you know, success, and will add years and years and years onto businesses that they're running, 70, eighties hours a week that they really wish…”
Perry Chen Jun 12, 2025 ▶ 43:54 Advice Line with Perry Chen of Kickstarter
Insight
Chen: Early-stage founders must be deluded and ignore the odds
“I think it's just that you do have to be deluded when you're in those stages. You have to not think about the odds. You know, you have to have just incredible belief that it is worth it.”
Perry Chen Jul 22, 2021 ▶ 13:23 Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
Prediction Not checkable as stated
Chen predicts corporate governance will become the primary differentiator for companies
“I mean, at the organizational governance level, the corporate governance level, I think that's a big thing that people are going to start paying more and more attention to. We've been running so much on this kind of totally profit-centric system in the U.S., a…”
Perry Chen Jul 22, 2021 ▶ 38:52 Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
Disclosure
Kickstarter's founders told early investors they would never sell or IPO
“Going into it, we knew that we weren't building this to sell this, and we weren't trying to create a public company. And when we went out for investment, this was, you know, one of the first things we discussed with people.”
Perry Chen Jul 31, 2017 ▶ 24:53 Kickstarter: Perry Chen
Insight
Perry Chen: Maximizing shareholder profit is a poor fit for human society
“But really, if underneath the mandate is, at the end of the day, make the most money for shareholders, it's a really, it's not really a good fit for humans. And I don't think it's, It portends very well for society if this is what we accept as the only way to …”
Perry Chen Jul 31, 2017 ▶ 33:47 Kickstarter: Perry Chen
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 800 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.