Fundraising website Kickstarter is on track to beat the National Endowment for the Arts in funding, Talking Points Memo reports.
In an exclusive interview with TPM, one of the web startup's co-founders, Yancey Strickler, said the company expects to distribute $150 million to its users' projects by the end of the 2012 fiscal year, edging out the NEA's $146 million budget.
Kickstarter has been around since 2008, distributing funds for projects in a variety of creative areas including art, comics, technology and theater. The way it works is community based -- users pitch their projects, and anyone on the internet can donate money to fund them. The NEA is an independent federal government agency that has been around since 1965, awarding grants to the arts, from dance and design to music and theater.
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