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Jeffrey L Minch's avatar

Raising money in any form is a capitalist endeavor either in the source of the money or the use of the money. Capitalism is an economic system, not a social system.

The founders of Kickstarter wanted to create a company that achieved social outcomes -- hence the wokeism of pretending to be anti-capitalist, the whole B Corp nonsense, and the merry-go-round of CEOs each dedicated to the social outcome rather than being a responsible company.

The financial model for Kickstarter is easy -- provide a platform for the underserved creative to raise money and take a slice. When you "take a slice" you are a capitalist.

If you want to do "good" works then make a lot of money and fund your social objectives with your own money not the money of the company which is owned by its shareholders.

Kickstarter was the innovator and has now missed the wave. It is going nowhere.

Go woke, go broke.

JLM

www.themusingsofthebigredcar.com

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Rascal Nick Of's avatar

The love of money is the root of all evil. Not money itself, which is just a tool. BTW…

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