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Their wordsProject creators and potential backers have become comfortable with directly funding creative efforts online, particularly through Kickstarter & Patreon
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Their wordsBlogs are dead - long live blogs! - and the open web is struggling.
Their wordsMany factors have contributed - Facebook, readers switching to mobile, the rise of apps, social overtaking search for discovery, ad blockers, Google Reader's shutdown, VC money flooding into online media - and smaller sites without dedicated content marketing and mobile/social development teams can't keep up.
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