04 Mar '12, 8am

Kickstarter Funds More Artists than National Endowment for the Arts

Kickstarter Funds More Artists than National Endowment for the Arts

Kickstarter is one of the fastest growing, online crowdfunding platforms in the world. Just about anyone with a good idea and the ability to make a kick-ass video can appeal to the Kickstarter community for the funds needed to turn it into a reality. We’ve featured lots of Kickstarter projects here on Insteading, and love the fact that the site provides an alternative to the traditional investment cycle for artists or tech wizards who want to strike out on their own. But it seems that Kickstarter’s success is making an even bigger impact than we realized. In an interview late last week, co-founder Yancey Strickler pointed out a surprising statistic: Kickstarter is on pace to crowdfund $150 million of art in 2012…that’s $4 million more than the National Endowment for the Arts’ 2012 operating budget of $146 million. While this is amazing news for democratically-funded entrep...

Full article: http://www.matternetwork.com/2012/2/kickstarter-funds-mor...

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