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Kickstarter has designed its initially acquisition after the crowdfunding web site snapped up Drip, a company that lets new music artists interact with admirers with new operate and previews when drawing earnings from the platform.

We wrote about 5-calendar year-aged Drip very last summer, which had turn out to be a common group for unbiased labels, but the firm designed the hard choice to near down very last month. That is currently being reversed now that Kickstarter has acquired it the day right before it was agenda to shut down. The web site and company will remain open up as founder Sam Valenti discussed.

“The [Drip] company, group, and creators will remain energetic and my co-founder Miguel Senquiz will be a part of the workforce at Kickstarter to see Drip’s vision by way of,” he wrote on Medium.

Kickstarter CEO and co-founder Yancey Strickler mentioned quite a few at the firm had “admired Drip over the yrs.”

“At coronary heart, we have been on identical paths. Strengthening the bonds in between artists and audiences, and fostering the situations for a more vivid resourceful society is at the core of our operate at Kickstarter, far too,” he discussed.

When Drip will remain open up, it isn’t particularly distinct whether or not bringing Senquiz onto the Kickstarter workforce will see the web site raise its target on resourceful tasks these kinds of as a new music. Strickler mentioned only that the collaboration will aid company the creator viewers “more powerfully” — we’ll have to wait and see for more.



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