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I didn't know Kickstarter was a non-profit organization, I didn't find it on their website, would you mind pointing it to me? For Groupon, for me a profit is m

I didn't know Kickstarter was a non-profit organization, I didn't find it on their website, would you mind pointing it to me? For Groupon, for me a profit is making more money than you spend and as you said they keep 50% of each deal but then they have to spend money to pay everything and also need a lot of advertisement. Therefore afaik they have no actual profit, which would mean returning money to the investors.

cocoflunchy 14y ago
I'd like to know too about Kickstarter, it doesn't seem to appear on their website. Wouldn't they want to publicize it more if it was the case?
- duiker101 14y ago
  Unless it's a rumour someone spread. It would be a smart move. Makes you look better and gain more traction.
marcusdoran 14y ago
Kickstarter received Venture funding from USV (Fred Wilson et al). Since Non-profits don't generally have shareholders I would assume this means that Kickstarter is a For-profit corporation. http://content.usv.com/pages/kickstarter http://content.usv.com/pages/kickstarter
ImprovedSilence 14y ago
Not necessarily true. They have profit, just not as much profit as their investors would have liked, or expected.
lmm 14y ago
>I didn't know Kickstarter was a non-profit organization, I didn't find it on their website, would you mind pointing it to me? I meant that was how I read the OP site. Seems like it's not true, in which case I don't understand what the site is actually saying about kickstarter. >For Groupon, for me a profit is making more money than you spend and as you said they keep 50% of each deal but then they have to spend money to pay everything and also need a lot of advertisement. Therefore afaik they have no actual profit, which would mean returning money to the investors. What I meant was I believe they're operating at a profit, but their stock price is collapsing because it was buoyed up by expectations of growth that hasn't materialized. So investors have lost a lot of money, even though the company's income exceeds its expenditure.

cocoflunchy 14y ago

I'd like to know too about Kickstarter, it doesn't seem to appear on their website. Wouldn't they want to publicize it more if it was the case?

duiker101 14y ago
Unless it's a rumour someone spread. It would be a smart move. Makes you look better and gain more traction.

marcusdoran 14y ago

Kickstarter received Venture funding from USV (Fred Wilson et al). Since Non-profits don't generally have shareholders I would assume this means that Kickstarter is a For-profit corporation. http://content.usv.com/pages/kickstarter http://content.usv.com/pages/kickstarter

ImprovedSilence 14y ago

Not necessarily true. They have profit, just not as much profit as their investors would have liked, or expected.

lmm 14y ago

>I didn't know Kickstarter was a non-profit organization, I didn't find it on their website, would you mind pointing it to me? I meant that was how I read the OP site. Seems like it's not true, in which case I don't understand what the site is actually saying about kickstarter. >For Groupon, for me a profit is making more money than you spend and as you said they keep 50% of each deal but then they have to spend money to pay everything and also need a lot of advertisement. Therefore afaik they have no actual profit, which would mean returning money to the investors. What I meant was I believe they're operating at a profit, but their stock price is collapsing because it was buoyed up by expectations of growth that hasn't materialized. So investors have lost a lot of money, even though the company's income exceeds its expenditure.