Kickstarter Raises $150M For The Arts, Trounces National Endowment [Headlines]
The crowdfunding platform is set to bring in more money for artists of all kinds than the government sanctioned institution.
When crowdfunding service Kickstarter launched in 2009, it seemed like the perfect way for technology entrepreneurs to raise money for apps and widgets, and in fact much of the focus on the company has been on how it allows inventors to find backers for things like iPod Nano watches and iPad stands. But Kickstarter is also increasingly becoming a platform for launching movies, books and other artistic endeavours — which led its co-founder to say recently that the cash dispersed by the company will soon exceed the amount of funding provided by the National Endownment for the Arts. GigaOm