John Fox

Last week brought an additional milestone: Kickstarter backers have now pledged more than $100 million to projects. To put this in some context, the 2011 fiscal year budget for the National Endowment for the Arts is $154 million. At the current pace of more than $2 million in pledges each week, Kickstarter backers are pledging more than $100 million a year.

—

stuff like this makes me very happy

One Million Backers » The Kickstarter Blog — Kickstarter

(via fred-wilson)

(via fred-wilson)

parislemon:

I’m really starting to worry about Netflix. Yes, Qwikster was an awful name, but the idea that streaming is the future, DVDs are the past is the exact right one. Spinning that business off makes sense as it’s a sinking ship.

Sure, many current customers will bitch and moan at first. But that too will die over time. The customer is always right, except when they’re wrong.

But the bigger problem is Netflix’s waffling. This is the second time they’ve made a major decision, stated it, then gone back. I don’t care how strong the company is, this makes them seem weak and indecisive.