ArtistShare had been trying to get Kickstarter to license its patent, which describes what we now know as “rewards-based crowdfunding.” It’s basically a website that lets fans donate money to an artist in exchange for an “entitlement” (also known as a perk, or reward).
Since it is an abbreviation for “perquisite”, shouldn’t it be spelled “perq”? This has always baffled me.
Sure, then someone can make a kickstarter for a coffee maker, and they can have a perq for a perc that will perk you up…
Old school crowdfunding: tax private excess & invest publicly.
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