Even as it has received praise for bringing innovative ideas to life, Kickstarter has been criticized for allowing creators to be a little fuzzy about their plans — and for providing little recourse to investors who become unsatisfied with the project they've supported. The site has now announced changes that it hopes will ease those troubles.
The biggest change is a new section called "Risks and Challenges," which requires potential entrepreneurs to list the obstacles they face, and how they plan to deal with them.
Originally published on Fri September 21, 2012 4:58 pm
Niles Paul had a problem. The second-year tight end for the Washington Redskins couldn't stop his teammates from stealing his Capri Sun. You know, Capri Sun — those sugary-sweet packets of juice that come in triangular foil containers with their own straws attached.
The real estate website Trulia is successfully riding the housing recovery, and has just gone public. After one day of trading, the San Francisco-based company is valued at well over half-a-billion dollars.
From our member station KQED, Aarti Shahani reports this is seen as a boost for the tech sector after Facebook's shaky plunge into the stock market.
On Capitol Hill, some members of Congress are asking whether new rules are needed to reign in high-speed stock market trading. Democratic Senator Jack Reed told a conference of traders that there is enough evidence to warrant a closer look.
We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.
At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.
Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)
Minnesota gamblers no longer have to rip paper pull-tabs to see if they've won cash: As of this week, they can use iPads to play, and play again, at the click of a button. The venture was sparked by the need to help pay for a new Minnesota Vikings football stadium, which will cost an estimated $975 million.
Americans are paying high prices for poor quality Internet speeds — speeds that are now slower than in other countries, according to author David Cay Johnston. He says the U.S. ranks 29th in speed worldwide.