Liz Gannes

Recent Posts by Liz Gannes

Kickstarter Donors Pledged Nearly $100M Last Year

Kickstarter donors pledged $99,344,382 in 2011 to the site’s user-proposed gadgets, movies, games and other projects. Not all that money was actually spent; 46 percent of the year’s Kickstarter projects got the amount they were seeking, which Kickstarter requires before any money is transferred. True crowdfunding — where average investors would get equity in return for their investment — isn’t legal yet, but it’s getting closer.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald