Erin Griffith covers New York startups for PandoDaily. She's worked as staff writer for Adweek and a private equity blogger for peHUB. Her writing has appeared in Venture Capital Journal, BBC.com, Time Out New York, Huffington Post, FT.com, and BUST. She plays keyboard in a band called Team Genius and Tweets as @Eringriffith.
Kickstarter has updated its Terms of Service to make the steps that project creators who raised sufficient funds on its platform and then failed to deliver their backers’ rewards (or whatever was being funded) must take clearer. [Source: CNET]
Want to know who’s cashing-in on Alibaba’s IPO? Well, Yahoo has sold off almost $9 billion worth of its stock in Alibaba, founder Jack Ma has sold off $867 million, and its largest shareholder, SoftBank, has sold off $0, according to a report from Bloomberg Businessweek.