Crowdfunding Site Undeterred By Downturn

kickstarterA website set up to fund creative projects has seen enthusiasts pledge more than £350m since its launch.

Kickstarter, one of the largest so-called crowdfunding sites, sees people invest in projects which interest them but is also unique for its all or nothing ethos, targets must be met to receive any money at all.

Yancey Strickler is the one of the site’s co-founders based in New York.

He told Sky News the site isn’t just about money: “There isn’t a financial interest in this, there’s just a desire to see people create.

“So that sort of generosity and excitement speaks to a greater desire that people have for supporting the arts and that passion has not gone away even through these economic times.”

Cancelled American TV series Veronica Mars has raised the most money, breaking all of the site’s records, becoming the fastest project to reach both $1m and $2m all in its first 12 hours in existence.

Its creators pitched to make the movie version of the series and were inundated with support from fans.

An impressive 24 projects have raised over a $1m (£656,000) and six projects have even been nominated for an Oscar.

Read More at SkyNews



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