Re:Kickstarter Focuses Its Mission on Altruism Over Profit
by ritchiea on Monday September 21, 2015 @12:51AM
(#10250443)
I heard their founder/current CEO Yancey speak at a startup accelerator and speak extensively about the business. According to him they told their investors they have no intention to have a liquidity event. He suggested the investors were in interested in Kickstarter as marketing for their firm. It seems like they didn't take very much money. Seemingly a large enough sum to help grow the business but not large enough to shy investors away from a business that doesn't aspire to provide meaningful returns.
Have you listened to the Startup podcast's coverage of Gimlet media? Seems like a similar situation, some unique businesses can secure prestige rounds providing they are not seeking huge amounts of capital.
Have you listened to the Startup podcast's coverage of Gimlet media? Seems like a similar situation, some unique businesses can secure prestige rounds providing they are not seeking huge amounts of capital.