Monday, September 21, 2015

Kickstarter Becomes a Public Benefit Corporation

Kickstarter, the crowdfunding site utilized for Shenmue III and the Veronica Mars movie, has become a public benefit corporation.

That means Kickstarter isn't just focused on profits. Company founder Perry Chen and co-founders Yancey Stickler and Charles Adler issued a statement saying the crowdfunding website also must think about its societal impact.

"Benefit corporations are for-profit companies that are obligated to consider the impact of their decisions on society, not only shareholders," they said. "Radically, positive impact on society becomes part of a benefit corporation’s legally defined goals."

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