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Kickstarter Reincorporates As "Public Benefit Corporation"

Kickstarter has decided to reincorporate as a “public benefit corporation,” a legal change they tell The New York Times will ensure that fantasies of vast riches won’t corrupt its core mission. “We don’t ever want to sell or go public,” Yancey Strickler, Kickstarter co-founder and CEO tells The Times. Notes The Times: “Public benefit corporations are a relatively new designation that has been signed into law by a number of states.”
 

Read the whole story at The New York Times »

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