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Kickstarter Gives Drip a Reboot

Kickstarter Gives Drip a Reboot
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Kickstarter aims accomplish something other than funding ventures. The crowdfunding organization launched a platform called Drip on Wednesday, through which artists, craftsmen, and different creators can request recurring donations instead of one-time commitments. If that that model sounds recognizable, it’s most likely because Drip is Kickstarter’s bid for an adaptation of Patreon, the rising startup that set itself apart from other crowdfunding platforms with its long-term membership format.

“It’s a total rebuild,” said Kickstarter co-founder and Chairman Perry Chen. “Kickstarter’s very project-based funding, and this is really about people-based funding.”

Drip has been at a low position in the membership crowdfunding space for most of 10 years. Kickstarter acquired Drip in 2014, when it was nearly closing down. Presently, Kickstarter has refashioned Drip to serve web makers of all stripes with another suite of devices intended to help with the business side of running an inventive venture. The organization gives makers a founding membership period, during which they can offer supporters benefits to develop a fan base.

“Going forward, they can kind of continue that relationship with their founding members if they want,” Chen said. “You can decide if you want special things that are just for them. We don’t want anybody to continue to use our tools because they don’t know how to stop or they don’t know how to move out. We’re a platform, we’re a tool, but those are your relationships.”

Like Patreon founder and CEO Jack Conte, Chen founded Kickstarter based on his own experience as a craftsman. He says that this outlook still governs the organization’s choices today.

“We’re trying to focus on a broader group of creators who maybe haven’t yet learned about these tools or haven’t yet had these ongoing funding tools resonate with them for whatever reasons,” Chen said. “[Drip] can be kind of like a bridge for those creators to see this as something that’s an effective tool for them.”


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Kashish Ambekar
Kashish Ambekar
Kashish moved to UAE from London after graduating from UEL in Masters of Business Administration specialising in Finance. Money smelt good although tipping in rubies was a forte in Dubai which he couldn’t afford let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The Art of writing came naturally to him, short stories to professional articles in lieu of being therapeutic once, to a full time content writer. Currently he works for XDBS as a senior business development manager and is extremely devoted as much as his thoughts have found a way to be penned for technology in support to TechFunnel.com.

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