NetHosting’s most recent case study spotlights Kickstarter, the online platform for financing creative projects.
Orem, UT NetHosting, a leading provider of Cloud Hosting, Virtual Hosting, and Dedicated Hosting solutions, has published its latest case study examining the online crowd financier, Kickstarter.
Kickstarter was founded by Perry Chen, Yancey Stickler, and Charles Adler with the mission to provide creative minds a platform to pitch ideas and receive funding through donations from the public. In the recent Kickstarter case study, NetHosting reports on the website’s history, features, and hosting systems, including an explanation of the company’s unique business model, which acquires and distributes donated funds through an “all or nothing” mechanism.
First, aspiring artists and entrepreneurs set a target amount for the funds they hope to acquire through Kickstarter donations. Then, if this goal is met or passed, they receive 90% of the funds. If they fall short, however, they receive no funding and the donors are not charged. Kickstarter’s success rate for fully funded projects is 44% with a recent project attracting a record $1millionUSD in donations.
“Kickstarter is an innovative take on maximizing the collective clout of the online community,” expressed NetHosting CEO Lane Livingston. “To support that community, Kickstarter capitalizes on the elastic compute power of cloud hosting, which allows them to expand their server resources as needed. It’s refreshing to see the use of cloud technology and the power of crowd-sourcing for the purpose of philanthropy.”
In addition to the Kickstarter case study, NetHosting has also documented the history and features of other revolutionary online services such as Skype, Vimeo, and Dropbox.