Crowdfund Leader Kickstarter Releases Its First PBC Report

In 2015, Kickstarter, the “rewards” (as opposed to equity) crowdfunding portal, re-incorporated as a public benefit corporation.

Public Benefit Corporations have two goals: maximize value to its shareholders (Kickstarter is a privately held company) and consider and balance the impact of its corporate decisions on other stakeholders, including its fund raisers and the public at large.

In addition, it is required to report annually its overall social and environmental performance against a third party standard.

Other PBC’s are Plum Organics, King Arthur Flour and Patagonia.

Kickstarter released its first annual report recently:
https://www.kickstarter.com/year/2016/benefit-statement

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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