Sign up FAST! Login

Success of Crowdfunding Puts Pressure on Entrepreneurs - NYTimes.com


Stashed in:

To save this post, select a stash from drop-down menu or type in a new one:

I was a fan of the project. I did not know this happened. Heavy.

Sometimes project creators can be overwhelmed by the success of a crowdfunding campaign.

The four college students behind Diaspora, a project that aimed to build an open alternative to Facebook, began with the modest goal of $10,000. They raised $200,000 from around 6,500 people. But after three years, they decided to start on another venture and turned the code over to anyone who might want to keep working on it. (One member of the team committed suicide last year.)

You May Also Like: