The Ledger
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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.”
Kickstarter explicitly told early investors it would not IPO or sell
“I think 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.”
Kickstarter rejects special promotional deals for big companies
“If you want, like, some special stuff from us or whatever, I mean, that's just not what we do. It's a relatively open door, but you're not any better than some young creator who's working on their first idea.”
Kickstarter refuses to offer special promotional partnerships or perks to large companies
“I think a lot of times big companies, they want to do a partnership, they want to sign a contract. That's, you know, we're like, listen, if you want to go do it, go log on the site. But if you want, like, some special stuff from us or whatever, I mean, that's …”
Kickstarter originated as an all-or-nothing funding model for concerts
“I thought, what if the people that, Would want to come to the show could have a say in that, and if enough people could do that before a certain point, then the show could happen, and if not, then it doesn't.”
Kickstarter's core model originated from a canceled New Orleans concert
“I thought, what if the people that, Would want to come to the show could have a say in that. And if enough people could do that before a certain point, then the show could happen. And if not, then it doesn't. So that, that was it. That was the beginning.”