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I'm trying to figure out what this kind of funding would be good for. Could you use it to open a restaurant or bar for example?

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Kickstarter's Technology category has only 9 projects that have raised over $1 million [1]. None of them requested more than $250,000 and one requested just $30,000.

In fact the only things I can find on Kickstarter that requested and raised more than $1 million are films [2]. There's people working on space telescopes who only requested $1 million [3].

So, I guess this type of funding could be used for the kind of things you see on kickstarter?

[1] http://www.kickstarter.com/discover/categories/technology/mo... [2] http://www.kickstarter.com/projects/559914737/the-veronica-m... [3] http://www.kickstarter.com/projects/1458134548/arkyd-a-space...

Excellent point. So is anyone working on a kickstarter that uses this model instead?

Would it work like Kickstarter except you'd receive shares of a company? Would there be a lot of overhead?

$1 million (a year) in funding might not register on TechCrunch, but I would think it's more than enough money to start (or help keep afloat) many different kinds businesses, including tech startups.

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