App.net’s goal of creating an alternative social network took a big step forward with the announcement that it had achieved the goal of raising $500,000 in a crowd-funding campaign. The project, which seeks to build an open API framework for developers, achieved its Kickstarter pledge goal with almost two days to spare before its deadline, thanks mostly to a last-minute push for new sponsors. More than 7,800 sponsors have pledged funds for varying membership privileges. A $50 basic membership gives donors an annual membership, while a $1,000 donation gives members access to the developer tools and telephone support. Read the full story at CNET.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.