♪ >> yancey strickler is here. he's is the cofounder of kickstarter.hey launched the company in april 2009. the idea was to create a tool available to anyone to bring creative ethics to life. -- projects to life. they have funded more than 50,000 projects. month, the company surpassed $1 billion in pledges. i am pleased to have yancey strickler at this table and stop for the benefit of late-night folks, what is kickstarter? >> kickstarter is a website where people go and they may creative things. if you went to kickstarter right now, there will be documentaries , restaurants, video games, and performances. anything you can imagine. proposesn making it the project and the public has the opportunity to get involved. they get to see what happens. value return is not some or a piece of the equity. psychic income of knowing you have contributed to something. >> that's right. there is no financial upside. it is not an investment. you make a documentary, and you get a copy when it is done. some backers got to be extras in the "veronica mars" movie. >> has the

i am pleased to have yancey strickler at this table.or the benefit of late-night folks, what is kickstarter? >> kickstarter is a website where people go and they may creative things. if you went to kickstarter right now, there will be documentaries, restaurants, video games, and performances. anything you can imagine. the person making it proposes the project and the public has the opportunity to get involved. they get to see what happens. >> the return is not some value or a piece of the equity. the return is a psychic income of knowing you have contributed to something. >> that's right. there is no financial upside. it is not an investment. you make a documentary, and you get a copy when it is done. some backers got to be extras in the "veronica mars" movie. >> has the mandate changed? the mission statement? >> no, we are fortunate in that the original idea we had in 2001 have been consistent throughout. it is hard to do creative things and make art. the only ideas that seem to get money just make someone else money. a lot of the grea

yancey strickler is here. they co-founded and launched a company in 2009. the idea was to create a tool available to anyone to help bring creative projects to life. in just five years kickstarter has helped fund more than 50,000 projects ranging from the world's first public space telescope to an oscar winning film. earlier this month the company surpassed one billion in pledges. i'm pleased to have yancey strickler at this table for the first time. >> i appreciate it. >> rose: for the benefit of late night folks, tell me what is kickstarter. >> sure. kickstarter's a website where people go and they make all sorts of creative things. if you went to kickstarter right now you would see people making documentaries, restaurants, video games, pieces of design, plays, dance performances, basically anything you can imagine. each of these things is proposed by the person making them. here's the thing i want to do and the public has the opportunity to get involved by contributing to it financially. and in return they get to see what happened and get a copy of what w

yancey strickler is the ceo and co-founder.er for? >> well it's a site of very diverse ideas. it's everything from movies to video games to restaurants to quilts to pieces of design. anything that springs from the human imagination. we've seen things all across the board come to life. to date there's been about six million people have supported project that say do just about anything you can imagine. >> is it often a first course or a last resort for people seeking funding? >> i think it's a mix. i think at this point now kickstarter has become such a household word especially in the creative communities, that people are looking to use it. it's a great opportunity to get an idea out there in the world and broadcast it across the internet and get people around the world to be a part of it. when you put up a project, you're building a community of people who are helping to make it happen. >> i guess one of the most fascinating things about this is that people are giving without any financial return or reward expected. i mean this