StubHub is an online ticket exchange company owned by eBay, which provides services for buyers and sellers of tickets for sports, concerts and other live entertainment events. It has grown from the largest secondary-market ticket marketplace in the United States into the world's largest ticket marketplace. While the company does not disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month; the San Francisco-located company was founded in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. The president of StubHub as of April 2018 is Sukhinder Singh Cassidy. Other executives include Perkins Miller, Matt Swann, Anne Robie. Founder Eric Baker left StubHub in 2004. StubHub was acquired by eBay in January 2007. ABC has stated that StubHub has "become the ticket scalper of the digital age, the ultimate middleman to shake up the way people interact to buy and sell tickets to any concert, theatre performance or sporting event."
StubHub has become a major sponsor in sports and entertainment. In December 2015, StubHub had more than 120 partners entertainment venues and sports teams. Sellers post available tickets at any price they choose. A range of tickets are listed sporting, concert and other live entertainment events. Unlike other online ticket resellers, such as Craigslist and eBay, StubHub takes a commission after the sale takes place. StubHub.co.uk was launched in March 2012, operates from London. In September 2015, StubHub launched in Germany. StubHub.de operates from Berlin. In November 2017 the International Consortium of Investigative Journalists revealed that 30-year-old Julien Lavallee from Montreal, who has built up a multimillion-dollar international bulk ticket reselling business using StubHub's website, is one of StubHub's Top Sellers. StubHub was founded in San Francisco in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. One of its first major sports deals was with the Seattle Mariners in 2001.
It began to show a profit in 2003 after selling $60 million worth of baseball others. In 2005, the company raised between $10 million and $25 million from Pequot Ventures; that year they generated over $200 million in sales. In 2006, Inc. Magazine ranked StubHub as the eighth fastest growing private company in America on its annual "Inc. 500" list. In 2006, more than 100 New York Yankees season-ticket holders suspected of reselling their regular-season seats on StubHub received letters denying them the right to buy playoff tickets and barring them from buying season tickets for the 2007 season. In 2006, the New England Patriots sued StubHub to bar it from reselling the team's tickets as fans showed up at games with phony or voided tickets bought over StubHub. While some were counterfeits, others were voided tickets sold by fans after they had their season-ticket privileges revoked. On July 6, 2007, a Suffolk Superior Court judge allowed StubHub to proceed with its lawsuit against the New England Patriots.
StubHub accused the Patriots of attempted monopolization, conspiracy to restrain trade, unfair trade practices. On October 19, 2007, a court upheld an order forcing StubHub to turn over a list of all New England Patriots season ticket holders since 2002 who had used the site; the Patriots stated. On January 26, 2009, the Massachusetts Superior Court rejected StubHub's argument that it was not liable for its sellers' behavior per 47 USC 230. NPS LLC v. StubHub, Inc. 2009 WL 995483. StubHub's acquisition by eBay was announced in January 2007 for a reported $310 million. According to CNN Money, 2007 was a successful year for the company, handling five million individual transactions, more than in the previous six years combined of its history. Staffing at StubHub had increased to 350 workers by the time of the sale. Eight months after the acquisition, StubHub reached an exclusive agreement with Major League Baseball, they get a piece of the 25% in commissions StubHub earns on either end of a season ticket buy and sell transaction.
Ticketmaster filed a lawsuit against StubHub and eBay in 2007, alleging "intentional interference" with Ticketmaster's contractual rights. In 2008, StubHub announced that music-related sale had seen the biggest growth and that music had become a "priority". By 2008 it had become a $5 billion a year business, it had 2.1 million visitors per month. In 2009, CEO Chris Tsakalakis announced that transactions on StubHub had climbed 65% from the previous year, revenue had increased by 40%. However, on April 10, 2009, StubHub reported that the price of second round Masters badges had declined by 43% from $1,073 in 2008 to $612 in 2009. In July 2011, StubHub launched a new ticketing application, available on Microsoft Windows Phone, that makes it easier to buy tickets. StubHub applications for iPhone, iPad, BlackBerry 10, Android allow users to decide where they want to sit using interactive venue maps and the number of seats, to plan the event by finding local restaurants and parking facilities. In 2012, StubHub integrated with Apple Passbook.
In 2012, StubHub announced that Adele was the best-selling British act of 2011-2, with sales worth $35.18 million for her performances and merchandise alone. In 2013, StubHub created an application for the South by Southwest events in Texas that gave users the opportunity to buy a range of tickets to all of the different shows. In 2015, StubHub sponsored a three-day lineup of bands at South by Southwe
Yahoo! Search is a web search engine owned by Yahoo, headquartered in California; as of October 2018, it is the second largest search engine worldwide across all platforms with 2.32% market share. As of July 2018, Microsoft Sites handled 24.2 percent of all search queries in the United States. During the same period of time, Oath had a search market share of 11.5 percent. Market leader Google generated. "Yahoo Search" referred to a Yahoo-provided interface that sent queries to a searchable index of pages supplemented with its directory of websites. The results were presented to the user under the Yahoo! brand. None of the actual web crawling and data housing was done by Yahoo! itself. In 2001, the searchable index was powered by Inktomi and was powered by Google until 2004, when Yahoo! Search became independent. On July 29, 2009, Microsoft and Yahoo! announced a deal in which Bing would henceforth power Yahoo! Search; the roots of Search date back to 1995 with Yahoo! Directory. Seeking to provide its own search engine results, Yahoo! acquired their own search technology.
In 2002, they bought Inktomi, a "behind the scenes" or OEM search engine provider, whose results are shown on other companies' websites and powered Yahoo! in its earlier days. In 2003, they purchased Overture Services, Inc. which owned the AlltheWeb and AltaVista search engines. Though Yahoo! Owned multiple search engines, they didn't use them on the main yahoo.com website, but kept using Google's search engine for its results. Starting on April 7, 2003, Yahoo! Search became its own web crawler-based search engine, they combined the capabilities of search engine companies they had acquired and their prior research into a reinvented crawler called Yahoo Slurp. The new search engine results were included in all of Yahoo's websites that had a web search function. Yahoo! started to sell the search engine results to other companies, to show on their own websites. Their relationship with Google was terminated at that time, with the former partners becoming each other's main competitors. In October 2007, Yahoo!
Search was updated with a more modern appearance in line with the redesigned Yahoo! home page. In addition, Search Assist was added. In July 2008, Yahoo! Search announced the introduction of a new service called Yahoo! Search BOSS; this service opens the doors for developers to use Yahoo!'s system for indexing information and images and create their own custom search engine. In January 2010, Microsoft announced a deal in which it would take over the functional operation of Yahoo! Search, set up a joint venture to sell advertising on both Yahoo! Search and Bing known as the Microsoft Search Alliance. A complete transition of all Yahoo! Sponsored ad clients to Microsoft adCenter occurred in October 2010. On March 12, 2014, Yahoo announced a partnership with Yelp to integrate its reviews and user-contributed photos into Yahoo! Search. In November 2014, Mozilla signed a five-year partnership with Yahoo, making Yahoo Search the default search engine for Firefox browsers in the US. In April 2015, the Microsoft partnership was modified, now only requiring Bing results on the "majority" of desktop traffic, opening the ability for Yahoo to enter into non-exclusive deals for search services on mobile platforms and the remainder of desktop traffic.
The amendment gives either company the ability to terminate the contract with four months' notice. In October 2015, Yahoo subsequently reached an agreement with Google to provide services to Yahoo Search through the end of 2018, including advertising and image search services; the team at Yahoo Search blogged about search announcements, features and enhancements. The Yahoo Search Blog, as stated provided A look inside the world of search from the people at Yahoo; this included index updates named their Yahoo Search Assist feature. Yahoo Search provided their search interface in at least 38 international markets and a variety of available languages. Yahoo! has a presence in Europe and across the Emerging Markets. Yahoo Search indexed and cached the common HTML page formats, as well as several of the more popular file-types, such as PDF, Excel spreadsheets, PowerPoint, Word documents, RSS/XML and plain text files. For some of these supported file-types, Yahoo Search provided cached links on their search results allowing for viewing of these file-types in standard HTML.
Using the Advanced Search interface or Preferences settings, Yahoo Search allowed the customization of search results and enabling of certain settings such as: SafeSearch, Language Selection, Number of results, Domain restrictions, etc. For a Basic and starter guide to Yahoo Search, they provided a Search Basics tutorial. In 2005, Yahoo began to provide links to previous versions of pages archived on the Wayback Machine. In the first week of May 2008, Yahoo launched a new search mash up called Yahoo Glue, in beta testing. On June 20, 2007, Yahoo introduced; when activated this selection-based search feature enabled users to invoke search using only their mouse and receive search suggestions in floating windows while remaining on Yahoo properties such as Yahoo Mail. This feature was only active on Yahoo web pages within the Yahoo Publisher Network. Yahoo Shortcuts required the content-owner to modify the underlying HTML of his or her webpage to call out the specific keywords to be enhanced; the technology for context-aware selection-based search on Yahoo pages was first devel
Andy Baio is an American technologist and blogger. He is the co-founder of the XOXO Festival, founder of Upcoming.org, a former CTO of Kickstarter and the author of the Waxy.org blog. In 2018, Baio was named a Kickstarter Fellow. In 2003, Baio launched a collaborative event calendar; the site was acquired by Yahoo for an undisclosed sum in 2005 and Baio joined the company as the site's Technical Director. In 2007, Baio announced his departure from Yahoo. In September 2008, Baio joined the board of directors of Kickstarter, a "crowdfunding" website that helps people with project ideas to connect with an audience of potential funders. Baio joined the staff as Chief Technical Officer in July 2009, stepping down in November 2010 to join Expert Labs. In June 2017, Baio joined Fuzzco as Technology Director. After Yahoo offered to sell the Upcoming domain back to Baio, he launched a Kickstarter campaign that hit its $30,000 goal in May 2014 to revive the site. Baio explained on the Kickstarter page, "Like many of the people, I miss Upcoming.
Nothing's come to replace it in the years since, I have the same problems that motivated me to build it a decade ago -- I'm missing interesting events in my city and struggling to discover interesting events when I travel." Baio writes about technology and media on Waxy.org, publishes a sideblog known as Waxy Links. Baio takes a stand against censorship on the Internet by hosting or linking to controversial content which some parties wish to suppress; this ranges from unauthorized mashups and other artwork where parody or fair-use claims are disputed to newsworthy video, such as that of 2008 United States vice-presidential candidate Sarah Palin competing in a beauty pageant. Baio was one of the first bloggers to draw attention to the Star Wars Kid video, which depicted a teenager clumsily emulating martial arts moves for the camera, he was the first to interview him. In response to the negative attention the boy received, Baio organized a fundraiser for him, raising $4,300 in a week; when the parody cartoon House of Cosbys was taken down from its original site due to a cease and desist letter from Bill Cosby's attorney, Baio placed the videos on his own website.
Baio received a similar cease and desist letter but refused to comply, citing fair use and decrying what he termed "a special kind of discrimination against amateur creators on the Internet", since Cosby had been parodied in the mainstream media. In 2009, he produced Kind of Bloop, a chiptune tribute album commemorating the 50th anniversary of Miles Davis' Kind of Blue; the album's cover was a pixel art version of the original album's cover, which consisted of a photograph taken by Jay Maisel. Attorneys representing Maisel demanded damages and that the resulting image be removed from the chiptune album, resulting in a settlement of $32,500 from Baio. Baio has written for Wired magazine and The New York Times, was a staffer on R. U. Sirius' online magazine GettingIt.com. Baio coined the term supercut in 2008, which in 2017 became known through the song "Supercut" by singer Lorde. In early 2012, Baio and Andy McMillan co-founded the XOXO Festival, celebrating independent artists and technologists.
The conference has been held in Portland, Oregon in September 2012, 2013, 2014. The conferences have been funded via prepaid tickets and other contributions, including via Kickstarter; the conferences have had an enthusiastic reception. Prominent bloggers and traditional media praised the "impressive list of speakers", described it as a "crucible of trailblazing artists and developers". Waxy.org – main blog Waxy Links links selected by Baio, each with a few words of commentary Kind of Bloop
San Francisco Bay Area
San Francisco Bay Area is a populous region surrounding the San Francisco, San Pablo and Suisun Bay estuaries in the northern part of the U. S. state of California. Although the exact boundaries of the region vary depending on the source, the Bay Area is defined by the Association of Bay Area Governments to include the nine counties that border the aforementioned estuaries: Alameda, Contra Costa, Napa, San Mateo, Santa Clara, Solano and San Francisco. Other sources may exclude parts of or entire counties, or expand the definition to include neighboring counties that don't border the bay such as San Benito, San Joaquin, Santa Cruz. Home to 7.68 million people, Northern California's nine-county Bay Area contains many cities, towns and associated regional and national parks, connected by a complex multimodal transportation network. The larger combined statistical area of the region, which includes twelve counties, is the second-largest in California, the fifth-largest in the United States, the 41st-largest urban area in the world with 8.75 million people.
The Bay Area's population is ethnically diverse: for example half of the region's residents are Hispanic, African American, or Pacific Islander, all of whom have a significant presence throughout the region. The earliest archaeological evidence of human settlements in the Bay Area dates back to 3000 BC. In 1769, the Bay Area was inhabited by the Ohlone people when a Spanish exploration party led by Gaspar de Portolà entered the Bay – the first documented European visit to the Bay Area. After Mexico established independence from Spain in 1821, the region was controlled by the Mexican government until the United States purchased the territory in 1846 during the Mexican–American War. Soon after, discovery of gold in California attracted a flood of treasure seekers, many using ports in the Bay Area as an entry point. During the early years of California's statehood, state legislative business rotated between three locations in the Bay Area before a permanent state capital was established in Sacramento.
A major earthquake leveled the city of San Francisco and environs in 1906, but the region rebuilt in time to host the 1915 Panama-Pacific Exposition. During World War II, the Bay Area played a major role in America's war effort in the Asiatic-Pacific Theater, with San Francisco's Fort Mason acting as a primary embarkation point for American forces. In 1945, the United Nations Charter was signed in San Francisco, establishing the United Nations, in 1951, the Treaty of San Francisco ended the U. S.'s war with Japan. Since the Bay Area has experienced numerous political and artistic movements, developing unique local genres in music and art and establishing itself as a hotbed of progressive politics. Economically, the post-war Bay Area saw huge growth in the financial and technology industries, creating a vibrant and diverse economy with a gross domestic product of over $800 billion, home to the second highest concentration of Fortune 500 companies in the United States. Despite its urban character, the San Francisco Bay is one of California's most ecologically important habitats, providing key ecosystem services such as filtering pollutants and sediments from the rivers, supporting a number of endangered species.
The region is known for the complexity of its landforms, the result of millions of years of tectonic plate movements. Because the Bay Area is crossed by six major earthquake faults, the region is exposed to hazards presented by large earthquakes; the climate is temperate and very mild, is ideal for outdoor recreational and athletic activities such as hiking. The Bay Area is host to seven professional sports teams and is a cultural center for music and the arts, it is host to several institutions of higher education, ranging from primary schools to major research universities. Home to 101 municipalities and nine counties, governance in the Bay Area is multifaceted and involves numerous local and regional actors, each with wide-ranging and overlapping responsibilities; the borders of the San Francisco Bay Area are not delineated, the unique development patterns influenced by the region's topography, as well as unusual commute patterns caused by the presence of three central cities and employment centers located in various suburban locales, has led to considerable disagreement between local and federal definitions of the area.
Because of this, professor of geography at the University of California, Berkeley Richard Walker claimed that "no other U. S. city-region is as definitionally challenged."When the region began to develop during and after World War II, local planners settled on a nine-county definition for the Bay Area, consisting of the counties that directly border the San Francisco, San Pablo, Suisun estuaries: Alameda, Contra Costa, Napa, San Francisco, San Mateo, Santa Clara and Sonoma counties. Today, this definition is accepted by most local governmental agencies including San Francisco Regional Water Quality Control Board, Bay Area Air Quality Management District, the San Francisco Bay Restoration Authority, the Metropolitan Transportation Commission, the Association of Bay Area Governments, the latter two of which partner to deliver a Bay Area Census using the nine-county definition. Various U. S. Federal government agencies use definitions that differ from their local counterparts' nine-county definition.
For example, the Federal Communications Commission which regulates broadcast and satellite transmissions, includes nearby Colusa and Mendocino counties in their "San Francisco-Oaklan
Yahoo! Japan Corporation is a Japanese internet company formed as a joint venture between the American internet company Yahoo! and the Japanese company SoftBank. It is headquartered at Kioi Tower in the Tokyo Garden Terrace Kioicho complex in Kioicho, Tokyo. Yahoo! Japan's web portal is the most visited website in Japan, its internet services are dominant in the country. Yahoo! and SoftBank formed Yahoo! Japan in January 1996 to set up the first web portal in Japan. Yahoo! Japan went live on April 1, 1996. Yahoo! Japan was listed on JASDAQ in November 1997. In January 2000, it became the first stock in Japanese history to trade for more than ¥100 million per share; the company was listed on the Tokyo Stock Exchange in October 2003 and became part of the Nikkei 225 stock market index in 2005. Yahoo! Japan acquired the naming rights for the Fukuoka Dome in 2005, renaming the dome as the "Fukuoka Yahoo! Japan Dome"; the "Yahoo Dome" is the home field for the Fukuoka SoftBank Hawks, a professional baseball team majority owned by SoftBank.
Since 2010, Yahoo! Japan's search engine has been based on Google's search technology. In exchange, Google receives user activity data from Yahoo! Japan's various products. In 2017, Verizon Communications purchased the core internet business of America-based Yahoo!, merged them into Oath, Inc. Yahoo! Japan was not affected, it continued as a joint venture between Softbank. Yahoo! had been declining in popularity and economically since the late 2000s, but the situation has been quite the opposite for Yahoo! Japan, which continues to dominate Japan's internet industry. Following the sale, Yahoo! Japan will continue to use the name "Yahoo!" under license from Verizon Communications. In July 2018, SoftBank bought $2 billion worth of shares in Yahoo! Japan from Altaba, increasing its stake to 48.17 percent. Yahoo! Japan, in turn, bought nearly the same amount of stock from SoftBank. In September 2018, Altaba sold all of its remaining shares in Yahoo! Japan for $4.3 billion. Yahoo! Japan was a founding member of Rakuten CEO Hiroshi Mikitani's Japan e-business association in February 2010, but after Rakuten withdrew from the Japan Business Federation in June 2011 and made moves to become the Japan Association of New Economy as a rival to Keidanren, Yahoo!
Japan withdrew from the e-business association in March 2012. It joined Keidanren in July 2012. Yahoo! Japan continues to use the classic website layout and logo, used by Yahoo! Internationally before modern redesigns in 2009 and 2013, respectively. However, it is translated into Japanese. Yahoo! Japan Mail maintains the classic look of Yahoo! Mail, but remains a separate service operated in Japan. Another notable change is the 10 GB storage limit, in contrast to Yahoo! Mail's 1 TB of its former unlimited-storage offering. GeoCities is available until March 2019 via Yahoo! Japan. GyaO is a Japanese video on demand service by Yahoo! Japan. Programs include: Calimero Creamy Mami, the Magic Angel Intrigue in the Bakumatsu – Irohanihoheto Jormungand Kyorochan Musashi Gundoh Nyanpire Real Drive The World of Golden Eggs Official website Yahoo! Japan at Anime News Network's encyclopedia ASKUL Corporation Carview Corporation Dynatech inc. FirstServer, Inc. GYAO Corporation IDC Frontier Inc. Netrust, Ltd Qubital Data Science Co. Ltd.
Synergy Marketing, Inc. Techbase VietNam Company Limited TRILL, Inc. ValueCommerce Co. Ltd. Wordleaf Corporation YJ Capital Inc. YJ Card Corporation YJFX, Inc. Y's Insurance Inc. Y's Sports Inc. Yahoo! Japan Company profile
Yahoo! Xtra was a New Zealand web portal that existed under that name from 2007 to 2011, it was a joint venture between Telecom New Zealand. Yahoo! 7 held a 51 percent stake in Telecom NZ held 49 percent. Because Yahoo!7 is a 50/50 venture, Yahoo! Proper was therefore a 25.5% owner of Yahoo! Xtra. Telecom announced in April 2011 that it had sold its share to Yahoo!7 and Yahoo! Xtra was rebranded as Yahoo! New Zealand. Telecom launched internet service provider Xtra in 1996, New Zealand's largest ISP. In 2001 Telecom partnered with MSN to create the web portal XtraMSN, which by 2006 was receiving over 100 million total page impressions per month. Visitor numbers to XtraMSN grew by 45 percent in its last two years and the website attracted more than 3 million unique browsers per month. In December 2006, Telecom made a new agreement, founding a joint venture with Australia's Yahoo!7 – itself a joint company between the Seven Network and Yahoo! – to form Yahoo! Xtra; the six-year-old Telecom and Microsoft portal ended on 1 March 2007, with the users invited to go to either YahooXtra.co.nz or Msn.co.nz.
Telecom left the content management of the portal to Yahoo!, who operate an Auckland-based office consisting of Sales, Marketing, Ad Operations and Finance Departments. The Editorial team manages local news and entertainment content; when Telecom sold out in 2011, Yahoo! Xtra staff transferred to Yahoo! New Zealand. Telecom noted. Yahoo! continued to provide Telecom's email service, which came under criticism in early 2013 following a spam and phishing attack described as the biggest to have hit New Zealand. Telecom automatically reset thousands of users' passwords. In April, Telecom announced. Between September 2016 and April 2017 Spark New Zealand migrated Xtra Mail from Yahoo! to spark.co.nz. Spark partnered with New Zealand email provider SMX; the Yahoo! Xtra's board of directors is chaired by the Yahoo!7 CEO, Rohan Lund, consisted of the following members: Alan Gourdie, Telecom, CEO Telecom Retail Ralph Brayham, Director, Telecom Home Rod Snodgrass, Telecom, GM, Group Strategy Greg Brown, Yahoo!7, CFO David Gowdey, Yahoo!, Director Corporate DevelopmentIn April 2007, Kevin Bowler was appointed as the Auckland-based CEO of Yahoo!
Xtra, but departed the business in early 2010. Yahoo! Xtra's'X meets Y' promotion at launch featured a television commercial with Regina Spektor's song "Fidelity" playing whilst a young couple undertake in a lingering kiss; this helped throw the anti-folk star under the spotlight in the New Zealand music scene, "Fidelity" becoming a hit single and one of Spektor's most successful tracks. Yahoo! New Zealand
Kickstarter is an American public-benefit corporation based in Brooklyn, New York, that maintains a global crowdfunding platform focused on creativity and merchandising. The company's stated mission is to "help bring creative projects to life". Kickstarter has received more than $4 billion in pledges from 15.5 million backers to fund 257,000 creative projects, such as films, stage shows, journalism, video games and food-related projects. People who back Kickstarter projects are offered tangible rewards or experiences in exchange for their pledges; this model traces its roots to subscription model of arts patronage, where artists would go directly to their audiences to fund their work. Kickstarter launched on April 28, 2009, by Perry Chen, Yancey Strickler, Charles Adler; the New York Times called Kickstarter "the people's NEA". Time named it one of the "Best Inventions of 2010" and "Best Websites of 2011". Kickstarter raised $10 million funding from backers including NYC-based venture firm Union Square Ventures and angel investors such as Jack Dorsey, Zach Klein and Caterina Fake.
The company is based in Brooklyn. Andy Baio served as the site's CTO until November 2010. Lance Ivy has been Lead Developer since the website launched. On February 14, 2013, Kickstarter released; the app was aimed at users who create and back projects and was the first time Kickstarter had an official mobile presence. On October 31, 2012, Kickstarter opened projects based in the United Kingdom, followed by projects based in Canada on September 9, 2013, Australia and New Zealand on November 13, 2013, the Netherlands on April 28, 2014, Ireland and Sweden on September 15, 2014, Germany on April 28, 2015, France and Spain on May 19, 2015, Belgium, Italy and Switzerland on June 16, 2015, Singapore and Hong Kong on August 30, 2016, Mexico on November 15, 2016 and Japan on September 12, 2017. In July 2017, Strickler announced his resignation. Kickstarter is one of a number of crowdfunding platforms for gathering money from the public, which circumvents traditional avenues of investment. Project creators choose a minimum funding goal.
If the goal is not met by the deadline, no funds are collected. The kickstarter platform is open to backers from anywhere in the world and to creators from many countries, including the US, UK, Australia, New Zealand, The Netherlands, Ireland, Sweden, France, Austria, Belgium, Luxembourg and Mexico. Kickstarter applies a 5% fee on the total amount of the funds raised, their payments processor applies an additional 3–5% fee. Unlike many forums for fundraising or investment, Kickstarter claims no ownership over the projects and the work they produce; the web pages of projects launched on the site are permanently archived and accessible to the public. After funding is completed and uploaded media cannot be edited or removed from the site. There is no guarantee that people who post projects on Kickstarter will deliver on their projects, use the money to implement their projects, or that the completed projects will meet backers' expectations. Kickstarter advises backers to use their own judgment on supporting a project.
They warn project leaders that they could be liable for legal damages from backers for failure to deliver on promises. Projects might fail after a successful fundraising campaign when creators underestimate the total costs required or technical difficulties to be overcome. Asked what made Kickstarter different from other crowdfunding platforms, co-founder Perry Chen said: "I wonder if people know what the definition of crowdfunding is. Or, if there’s an agreed upon definition of what it is. We haven’t supported the use of the term because it can provoke more confusion. In our case, we focus on a middle ground between commerce. People are offering cool stuff and experiences in exchange for the support of their ideas. People are creating these mini-economies around their project ideas. So, you aren’t coming to the site to get something for nothing. We focus on creative projects—music, technology, design and publishing—and within the category of crowdfunding of the arts, we are ten times the size of all of the others combined."
On June 21, 2012, Kickstarter began publishing statistics on its projects. As of February 13, 2015, there were 207,135 launched projects, with a success rate of 40%; the total amount pledged was $1,523,718,656. The business grew in its early years. In 2010 Kickstarter had $27,638,318 pledged; the corresponding figures for 2011 were 11,836 funded projects and $99,344,381 pledged. On February 9, 2012, Kickstarter hit a number of milestones. A dock made for the iPhone designed by Casey Hopkins became the first Kickstarter project to exceed one million dollars in pledges. A few hours a new adventure game project started by computer game developers, Double Fine Productions, reached the same figure, having been launched less than 24 hours earlier, finished with over $3 million pledged; this was the first time Kickstarter raised over a million dollars in pledges in a single day. On August 30, 2014, the "Coolest Cooler", an icebox created by Ryan Grepper, became the most funded Kickstarter project in history, with US$13.28 million in funding, breaking the record held by the Pebble smart watch.
In July 2012, Wharton professor Ethan Mollick and Jeanne Pi conducted research