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	<title>Betabeat &#187; Eric Moneypenny</title>
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		<title>Betabeat &#187; Eric Moneypenny</title>
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		<title>Man Starts Kickstarter To Buy Kickstarter, Fails to Understand Finance</title>

		<comments>http://betabeat.com/2012/03/kickstarter-to-buy-kickstarter-eric-moneypenny-03202012/#comments</comments>
		<pubDate>Tue, 20 Mar 2012 13:17:49 -0400</pubDate>
					<link>http://betabeat.com/2012/03/kickstarter-to-buy-kickstarter-eric-moneypenny-03202012/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=34128</guid>
		<description><![CDATA[<p><div id="attachment_34167" class="wp-caption alignleft" style="width: 326px"><a href="http://nyobetabeat.files.wordpress.com/2012/03/kickstarter.jpg"><img class="size-medium wp-image-34167" title="kickstarter" src="http://nyobetabeat.files.wordpress.com/2012/03/kickstarter.jpg?w=316&h=300" alt="" width="316" height="300" /></a><p class="wp-caption-text">via Kickstarter</p></div></p>
<p>Comedian and rabble-rouser <a href="http://www.ericmoneypenny.com/">Eric Moneypenny</a> decided to follow the grand tradition of McSweeney's satirical <a href="http://www.betabeat.com/2012/03/01/mcsweeneys-did-a-kickstarter-page-for-greece-03012012/">Kickstarter for Greece</a>, by starting his own Kickstarter . . . to buy Kickstarter. <em>Get it</em>?</p>
<p>The project, called "<a href="http://www.kickstarter.com/projects/1248373633/1130428578?token=869e739e">I Would Like to Buy Kickstarter</a>," aims to raise $19 million based on its value on <a href="http://www.worthofweb.com/">WorthofWeb.com</a>. Donors who pledge $10,000 or more are entitled to a: "Pizza Party! With me, Eric Moneypenny, the new owner and CEO of Kickstarter." Donors pledging $10 or more get a much more raw deal:  a free Kickstarter account to launch their project. Guess under Mr. Moneypenny's regime, the crowdfunding platform will start charging for its services.<!--more--></p>
<p>Sadly, Mr. Moneypenny misses the opportunity for true satire by low-balling the zeistgeisting startup. With cofounder Yancey Strickland boasting that Kickstarter's poised to <a href="http://yancey.tumblr.com/post/18391152408/kickstarter-and-the-nea">give out more funding than the NEA</a>  and a steady stream of headlines like "<a href="http://www.forbes.com/sites/davidthier/2012/03/14/how-double-fine-raised-3-3-million-on-kickstarter-and-changed-game-financing-forever/">How Double Fine Raised $3.3 million on Kickstarter and Changed Game Financing Forever</a>" (the !!!!!! is implied) and a <a href="http://gigaom.com/2012/03/19/does-a-new-crowdfunding-bill-for-startups-go-too-far/">crowdfunding bill </a>on the way in the Senate, a true lampooning of these bubbilcious times would have put Kickstarter's valuation closer to, oh, let's say $1 billion. We hear it's getting to be <a href="http://tech.fortune.cnn.com/2011/12/14/surveymonkey-joins-the-1-billion-club/">a popular club</a>.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_34167" class="wp-caption alignleft" style="width: 326px"><a href="http://nyobetabeat.files.wordpress.com/2012/03/kickstarter.jpg"><img class="size-medium wp-image-34167" title="kickstarter" src="http://nyobetabeat.files.wordpress.com/2012/03/kickstarter.jpg?w=316&h=300" alt="" width="316" height="300" /></a><p class="wp-caption-text">via Kickstarter</p></div></p>
<p>Comedian and rabble-rouser <a href="http://www.ericmoneypenny.com/">Eric Moneypenny</a> decided to follow the grand tradition of McSweeney's satirical <a href="http://www.betabeat.com/2012/03/01/mcsweeneys-did-a-kickstarter-page-for-greece-03012012/">Kickstarter for Greece</a>, by starting his own Kickstarter . . . to buy Kickstarter. <em>Get it</em>?</p>
<p>The project, called "<a href="http://www.kickstarter.com/projects/1248373633/1130428578?token=869e739e">I Would Like to Buy Kickstarter</a>," aims to raise $19 million based on its value on <a href="http://www.worthofweb.com/">WorthofWeb.com</a>. Donors who pledge $10,000 or more are entitled to a: "Pizza Party! With me, Eric Moneypenny, the new owner and CEO of Kickstarter." Donors pledging $10 or more get a much more raw deal:  a free Kickstarter account to launch their project. Guess under Mr. Moneypenny's regime, the crowdfunding platform will start charging for its services.<!--more--></p>
<p>Sadly, Mr. Moneypenny misses the opportunity for true satire by low-balling the zeistgeisting startup. With cofounder Yancey Strickland boasting that Kickstarter's poised to <a href="http://yancey.tumblr.com/post/18391152408/kickstarter-and-the-nea">give out more funding than the NEA</a>  and a steady stream of headlines like "<a href="http://www.forbes.com/sites/davidthier/2012/03/14/how-double-fine-raised-3-3-million-on-kickstarter-and-changed-game-financing-forever/">How Double Fine Raised $3.3 million on Kickstarter and Changed Game Financing Forever</a>" (the !!!!!! is implied) and a <a href="http://gigaom.com/2012/03/19/does-a-new-crowdfunding-bill-for-startups-go-too-far/">crowdfunding bill </a>on the way in the Senate, a true lampooning of these bubbilcious times would have put Kickstarter's valuation closer to, oh, let's say $1 billion. We hear it's getting to be <a href="http://tech.fortune.cnn.com/2011/12/14/surveymonkey-joins-the-1-billion-club/">a popular club</a>.</p>
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