According to Kickstarter, the crowd-funding site officially passed $1 billion in pledges yesterday. Of the one billion pledged by 5.7 million individuals from 224 countries and territories to help fund creative projects, more than half was pledged in the last 12 months. More than $663 million was pledged by nearly 3.76 million backers in the U.S. alone. Other top countries include the U.K., Canada, Australia, Germany and France. Interestingly, nearly 16,000 people have backed more than 50 projects. Continue reading New Milestone: Kickstarter Passes the $1 Billion Pledge Mark

Since its launch in 2010, Pinterest has quickly transformed from a quirky website into a social media base used by one-fifth of American adults. To continue nurturing this growth, Pinterest CEO Ben Silbermann has announced a new business model that will finally start to generate revenue. Pinterest plans to charge advertisers for promoting their products on the site. An analyst at Wedbush Securities believes this has the potential to earn Pinterest more than $500 million in 2016.  Continue reading Pinterest CEO Unveils Revenue Growth Plan for the New Year

The world’s most powerful smartwatch will soon be released, and it wasn’t created by Apple or Google, but a 19-year-old college dropout. The Kickstarter-funded product, named Neptune Pine, will be able to ship as soon as it has FCC approval and the Kickstarter funds are delivered for mass production. The project’s video depicts a working prototype with a 2.6-inch frame, front- and rear-facing cameras, and Web browsing, among countless other features. Continue reading Neptune Pine Smartwatch is Just as Capable as a Smartphone

Intel executives have spoken with Amazon and Samsung in search of a strategic partner willing to back its Web-based pay TV service that it hopes to launch by the end of 2013. If Intel cannot find a backer to help fund and distribute the service, it is possible that the plan will be dissolved. Earlier in the year, Intel executive Erik Huggers disclosed that the company plans to sell an OTT pay service that includes a wide array of broadcast and cable TV networks. Continue reading Intel Looking for Backers to Help Keep Pay TV Service Alive

Microsoft plans to aid entrepreneurship with a new global effort that combines several of its programs to mentor and help fund technology startups. Microsoft Ventures aims to help startups build, innovate and grow. It combines and strengthens existing programs, such as BizSpark and Bing Fund, with plans for new programs involving the Microsoft Ventures Community. The initiative is also looking to provide guidance and market relationships for young B2B startups. Continue reading Microsoft Ventures Program Plans to Steer Tech Startups

Kickstarter announced yesterday that the crowdfunding service has reached a new milestone by launching more than 100,000 projects. Nearly 44 percent of the projects have been successfully funded by a total of $535 million. The top categories for launched projects include Film & Video, Music, Publishing, Art and Games. If its current funding rate continues, the service could raise its first billion as early as sometime this year. Continue reading New Milestone: 100,000 Projects Crowdfunded via Kickstarter

While Kickstarter has gained much attention for its successful funding of consumer products like the Pebble Watch or the Ouya gaming system, much of its crowdfunding has gone into creation of the arts. “Kings Point,” “Buzkashi Boys” and “Inocente” have become the fourth, fifth and sixth Kickstarter-funded films to earn Academy Award nominations. Continue reading Kickstarter Crowdfunding Leads to Oscar Nominated Films