Somewhat tangentially, kickstarter seems to be one of the most successful startups these days, but you rarely hear about it. Why is that? They made, what, 100k off this item alone?
It seems like a company angels would do well to invest in...
It seems like a company angels would do well to invest in...
And since most projects are much smaller, I'd guess that in an average month, $1M is roughly the sum of all of their pledges. $20k/month is not a lot to run a business on. So I'd guess that they've taken investment.
And that's the main point of it - not to make a whole bunch of money, but to offer a really great service. As evidence, the Kickstarter guys have been going for a few years now, and it wasn't until very recently that they started taking any money out. They're really passionate about helping artists, filmmakers, and creatives find the funding that they need.