Nearly a year after launching its subscriber-based crowdfunding platform, Kickstarter announced today that Drip is on the way out. Fortunately, for the creators currently working with Drip as well as anyone looking for an alternative to Patreon, Kickstarter isn’t abandoning the platform. Instead, the company is providing seed funding to XOXO festival creators Andy Baio and Andy McMillan to create an entirely new one with an explicit focus on providing financial stability and transparency to independent artists.
The new initiative came about through conversations between Kickstarter founder Perry Chen and Baio, a former Kickstarter CTO. “You start thinking, what’s next, what are the possibilities?” says Chen. “As we talked more and more,...
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