THDP23 Kickstarter, the Good and the Bad

Kickstarter information

Hi everybody and thanks for having us back again this week.  Right off the bat we would like to welcome new listeners from Alaska, Rhode Island and West Virginia in the USA and the Croatia, Uruguay and Portugal worldwide.  It is a small world isn’t it?  We would like to thank all our listeners.  Our mantra has been consistent:  You are the reason we do this show.  You are the stars, we are only giving you the platform in which to share your views.

It’s amazing how much my knee improves every day.  Ok, actually the amount of improvement probably isn’t that much but I can tell and it make me feel good.  If I could only better control the swelling.  Everything I read tells me “some” swelling is to be expected.  Anecdotally, I have known some people that have gotten knee replacements and 2 of them had trouble with leg swelling going into 8 weeks or so after surgery.

On a lighter note…..don’t I sound better lately?   Hmmmmm could it be my new microphone?  Yep, I popped for a new mic….and a huge step up from the Audio-Technica 2100 I was using before.  My new mic is a Rode Podcaster USB.  I read all the reviews.  The XLR Podcaster was around $326.  I was able to get the USB for $100 less plus in the same package I got a Rode boom arm, a shock mount, and a set of headphones.  Man, this is a big hunk of electronics.  It is very heavy.  I was surprised.  So the whole package cost what I would have spent on the XLR alone.

Heartbleed:    “Scan Shows Possible Heartbleed Fix Failures”

Out of more than 1600 on the Global 2000 firms, only 3% of their public facing servers have been fully and properly locked down from the Heartbleed vulnerability that showed up nearly 3 months ago.

The article goes on to say that less than 1% of the public facing servers at these companies remain fully vulnerable, nearly 97% are only “partially” fixed.  Apparently these firms have neglected to replace the private key and/or they have neglected to revoke the original certificate.

Manuel Noriega is suing over “Call to Duty’ video game: 

Yep, the 80 year old, former Panama dictator Manuel Noriega has sued the publishers of this popular video game in Los Angeles court.

Let’s see here…..Noriega was indicted by the United States government on charges of racketeering, laundering drug money and drug trafficking.  He was accused of having links to Columbian drug lord Pablo Escobar and his Medellin cartel and in the process managed to amass a multi-million dollar fortune.

In Panama Noriega was convicted of drug trafficking, money laundering and killing political opponents and is currently serving out that sentence.  Ok, hold on here……Noriega has accused ActiveVision Blizzard video company of “damaging his reputation”.  ‘Nuff said there.

 Now for the subject of tonight’s show:

Kickstarter is a global crowdfunding platform based in the United States. The company’s stated mission is to help bring creative projects to life. Kickstarter has reportedly received over $1 billion in pledges from 5.7 million donors to fund 135,000 projects, which include films, music, stage shows, comics, journalism, video games, and food-related projects.

People who back Kickstarter projects are offered tangible rewards and special experiences in exchange for their pledges. This model traces its roots to subscription model of arts patronage, where artists would go directly to their audiences to fund their work.

Kickstarter was started April 28, 2009, by Perry Chen, Yancey Strickler, and Charles Adler.  Time Magazine named it one of the “Best Inventions of 2010” and “Best Websites of 2011.

Project creators choose a deadline and a minimum funding goal. If the goal is not met by the deadline, no funds are collected, making it a sort of assurance contract. Money pledged by donors is collected using Amazon Payments. The platform is open to backers from anywhere in the world and to creators from the US, UK, Canada, Australia and New Zealand.

Kickstarter takes 5% of the funds raised. Amazon charges an additional 3–5%. Unlike many forums for fundraising or investment, Kickstarter claims no ownership over the projects and the work they produce.

Let’s use a past project as an example:

LeVar Burton started a Kickstarter project called Reading Rainbow app.  It is a project launched to raise funds to allow this app to be able to be shown on the web, Android platforms, smartphones, and other streaming devices and is based on the TV program of the same name that aired on PBS Kids and PBS Kids Go! From June 6, 1983 to November 10, 2006.

On June 20, 2012, the Reading Rainbow app was released for the iPad and within 36 hours became the #1 most downloaded educational app in the iTunes App Store. Closed 7/2/2014 with a total amount raised of $5,408,916 from 105,875 backers

Popular podcaster Tom Merritt is using another newer crowdfunding platform called Patreon.  Patreon is based in San Francisco, is a crowdfunding platform created by musician Jack Conte and developer Sam Yam. It allows artists to obtain funding from patrons on a recurring basis or per artwork. It is popular with musicians and webcomic artists and has been featured in Forbes, Time and Billboard.

Artists set up a page on the Patreon website, where patrons can pledge to donate a given amount of money to an artist every time she or he creates a piece of art, optionally setting a monthly maximum. Alternatively a fixed monthly amount can be pledged. This is different from other crowdfunding platforms like Kickstarter, where artists obtain a single sum after a successful campaign and typically have to start over for every new piece. Similar to other platforms however, artists will often provide rewards for their patrons. Patreon takes a 5% commission on pledges.


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