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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work