A small roar erupted in the crowded workshop. Krautreporter, with hours to go, had met its crowdfunded goal, gaining a commitment of €60 each from what would turn out to be 17,000 people. The €1.020 million ($1.38 million) raised means that Krautreporter will go live this fall. The new digital German national news magazine site is a fast follower to De Correspondent, the Dutch crowdfunded enterprise that recently burst into the public limelight (“A Dutch crowdfunded news site has raised $1.3 million and hopes for a digital-native journalism”), planned around a similar but not identical model.
“We charged the credit cards yesterday, and we charged a credit card each second, and it ran for five and a half hours,” a delighted Sebastian Esser told me later. “These people don’t know what they are going to get, and they are giving us money.”
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