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bitweeder writes:

Gamasutra and others report the following:

Over the weekend Kickstarter announced that it was reorganizing itself as a "public benefit corporation," a relatively new corporate designation that entails (among other things) spelling out a mission of public benefit in its corporate charter and making regular social impact reports to the public.

This will likely have little practical impact on game developers who use Kickstarter to fund their projects; the company is pitching the switch more as a visible example of its mission to be a transparent platform for creators to drum up support for their ideas.

"There’s a huge difference between a values document and the legal foundation of your company," Kickstarter co-founder Perry Chen told The New York Times."It’s allowed us to find people who have a similar idealism."

The Times goes on to note that Kickstarter has actually already begun making yearly public accountings of its operations due to its decision earlier this year to become a "B Corporation," outpacing the expectation that public benefits corporations (PBC) make public reports every two years.

Other relevant links :

• The New York Times
• Public-Benefit Corporation

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