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Monday October 15, 2018

Kickstarter Sues ArtistShare CEO Over Alleged Patent Shakedown

NY startup Kickstarter is suing former musician Brian Camelio (who used to jam with the bands Journey and Phish), the CEO of ArtistShare. The startup claims that Camelio, who filed a patent that resembles their own crowdfunding model, “repeatedly turned up to demand that the website license his patent,'” according to paidContent.

ArtistShare, whose patent was filed earlier this year, allows the public to invest into a musician’s project and fans are able to participate in the creative process in return.  Kickstarter lets the public fund for artists, inventors, etc. and receives 5% of the funds but does not ask to be a stakeholder in the project. Kickstarter was launched in 2009.

Kickstarter has asked the federal court to deem Camelio’s patent invalid and that the company is not liable for infringement.

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