Our portfolio company Kickstarter is a Public Benefit Corporation.
One of the requirements of a Public Benefit Corporation is that they publish an annual benefit statement outlining how they are doing living up to their PBC charter.
This is Kickstarter’s PBC Charter.
And this is their 2017 Public Benefit Statement, which was published yesterday.
Here is a page from the 2017 statement, which shows how much funding they provided to creative projects across the categories they support.
That is a lot of economic activity, almost 20,000 creative projects were brought to life by Kickstarter PBC and its creator and backer communities.
Innovation takes many forms. Innovation in governance and business model is particularly important right now. And Kickstarter PBC is exploring a new way of running a for profit business and showing the way for others who might want to do the same.
