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A New Fundraising Method

Diaspora, an internet startup that aims to provide Facebook-like services without the privacy issues, recently made headlines for its funding model: the company raised startup funds on? through backers and a tiered reward scheme. Glyn Moody points out that this model has been employed in the music industry as well. Artist Jill Sobule used a similar scheme to raise $75,000 for her latest album:?$10,000 “Weapons-Grade Plutonium Level” donors got to sing on the album. Perhaps this model might work for journalism as well? (HT: Maurice LeBrun)[%comments]