KICKSTARTER PREFERS PEOPLE OVER PROFITS

WEBSITE VOTES TO BECOME A PUBLIC BENEFIT CORPORATION.

In late December, Kickstarter decided it would become a ‘public bene t corporation’, which in layman’s terms means it’s now obligated by law to make a positive impact on society. This is good news – by shunning an IPO (private investment), the website that provides a platform for entrepreneurs is committed to helping small ideas become big ones, rather than servicing the wants of potential investors.

“We don’t ever want to sell or go public,” Yancey Strickler, Kickstarter’s chief executive told The New York Times. “That would push the company to make choices that we don’t think are in the best interest of the company.”