The company that helped coin the word “crowdfunding,” Kickstarter, helped everything from gardens, books and local plays come to life. It has grown to include movies, music and a red-hot tech product. But one price of success: As Kickstart-ed projects become more widespread, backlash — a “Kickstarter fatigue” — is starting to emerge.
It’s not hard to guess that this rickety three-story walkup on the Lower East Side would house a hip Internet start-up. But the red-hot company that’s raised more than half a billion dollars from the public to fund passion projects?
Crowdfunding phenomenon Kickstarter is on the third floor, with a handful of staffers who don headphones and stare at large iMacs, tweaking the Web site that brings in an average of 200 new projects daily. A former waiter, Perry Chen, his one-time frequent customer and freelance rock critic Yancey Strickler and designer Charles Adler launched Kickstarter in 2009 as a place where anybody could pitch in to help get passion projects funded.
The company helped coin a word — crowdfunding …
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