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Kickstarter hands Drip crowdfunding platform over to XOXO founders
Drip, Kickstarter's subscriber-based crowdfunding platform designed to compete with Patreon, is shutting down in its current form after launching just one year earlier. It will continue operating for a year before it is transformed into an entirely new project headed up by the team behind XOXO, a festival for independent artists and creators.
Kickstarter Patron aims to generate larger pledges for creators
Kickstarter is piloting a program that will match up companies, organizations and institutions with projects that need more substantial funding, TechCrunch reports. It's called Kickstarter Patrons and the nonprofit and for-profit groups selected to take part will be required to provide multiple pledges each worth $1,000 or more. Kickstarter will select the Patrons and direct them towards projects that align with their interests. "While the program is simple, the opportunity to help independent creators hit their funding goals while building relationships with major institutions that can continue to follow and support their career is profound," Kickstarter said.
Kickstarter's Drip takes on Patreon with subscription crowdfunding
Today, Kickstarter launches a new way to fund interesting projects. It's called Drip and rather than pledging a certain amount of money to one project, it lets you subscribe to a creator and give them monthly payments. Drip was a standalone subscription platform, but Kickstarter bought it last year just as it was set to shutdown. It has now been retooled by Kickstarter and though it's largely similar to other subscription crowdfunding sites, such as Patreon, Drip does have a couple of features that set it apart from the rest.
Kickstarter buys crowd-funded music community Drip
Drip, a community for independent artists and record label, has been acquired by Kickstarter, the company announced today. The company was set to shut down tomorrow, but Kickstarter has swooped in at the last minute and will let the platform continue to operate as-is, at least for the time being. In many ways, it's a logical pickup for Kickstarter -- a major part of Drip essentially amounts to a crowdfunding platform for fans to pay artists directly for their work.
