You may have seen the news that KickStarter is becoming a benefit corporation. I said most of what I wanted to say on the topic a few months ago, but congratulations to Kickstarter’s management for making a decision that is somehow both courageous and remarkably obvious. Courageous because I am sure many smart people around them told them they couldn’t or shouldn’t do it. Obvious because the decision is consistent with everything I have ever heard them say about the kind of company they are building. It will be interesting to compare Kickstarter to Etsy over the coming years: two companies with seemingly genuine commitments to various constituencies that have chosen different paths. One bit of trite advice for entrepreneurs: nothing gives you better leverage to defend the social mission of your business than majority ownership and positive cash flow.
That’s all I wanted to say today. Apologies again for not blogging more lately. I have flushed a few posts lately because they were heavy on complaint and light on solution. That’s not how I endeavor to roll.
Patrick Maloney lives in Portland, OR where he helps nice people working on cool stuff. He tries to limit his blogging to things about which he knows something.