An account of Perry Chen's success as the founder of Kickstarter
As the Chairman of Kickstarter, Perry Chen is a New York City-based artist. An alumnus of Hunter College High School in New York City, he spent most of his growing-up years in New York City and New Orleans. In 2001, Perry co-founded Southfirst gallery in New York. Additionally, he served as a TED Fellow in 2010, was named on Time's "100 most influential people" list in 2013, and in 2014 was a member of the Laboratorio para la Ciudad (an experimental program to promote civic innovation in Mexico City) (an experiment to foster civic innovation)
Kickstarter was founded in 2008 by Perry Chen, Yancey Strickler, and Charles Adler. The company, which now has 136 employees, includes a diverse group of individuals such as developers, designers, writers, musicians, painters, poets, gamers, and more. Perry Chen, an artist from New York City, is the Chairman of Kickstarter, having co-founded the Southfirst gallery before starting Kickstarter.
Yancey Strickler, the current CEO, previously worked as a Music Journalist and editor-in-chief for eMusic. Charles Adler, the third co-founder, is no longer with the company but serves as an advisor. He started his career as a Designer and Site Builder before becoming the Head of Design at Kickstarter.
After co-founding two ventures, Post launched Kickstarter.com in 2009 – a global crowdfunding platform based in New York with a focus on creativity. Kickstarter connects creators with backers to bring creative projects to life, with categories including Art, Music, and Technology.
Film & Video, Music, and Games are the largest fundraising categories. Projects must have a clear goal and produce something for others to share while following honesty and transparency rules. Creators must be from specific countries, while backers are global but cannot receive financial incentives or equity. Kickstarter does not support charity fundraising or loans, focusing on creative projects with tangible outcomes.
Kickstarter allows creators to launch projects with complete control and responsibility, setting funding goals and deadlines. Backers pledge money if they like a project, receiving rewards in return. Most backers are friends, family, or supporters inspired by the project. Online media helps drive traffic and pledges.
Backers do not receive ownership but get rewards. To validate a project creator, background information can be found on the project page or by messaging the creator. Projects launched after 2014 have verified creators. It is recommended to back projects from known sources or referrals. Kickstarter operates on an all-or-nothing funding model.
Kickstarter's revenue model involves a 5% fee for successfully funded projects, with no fees for unsuccessful ones. They use 'Stripe' for payment processing. The platform operates on an 'all-or-nothing' funding model to protect backers.
Integrity teams monitor for suspicious activity and take action based on community reports. For project starters, visit their website to begin, enter project details, save as a draft, or submit for review.
The idea was born in 2001 when Perry Chen couldn't afford to bring DJs to New Orleans. He saw a need for a platform where the audience could have a say, leading to the creation
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