It started with three friends and a supper club at Yale. Grad students Christopher Kieran, Brad Baer and Andrew Hapke joined a vegetarian dinner club, known as “Veggie Dinner,” which quickly grew to 300 members and eventually inspired a website, Zokos, to defray the costs through crowdfunding. It works just like Kickstarter, except backers pledge to attend the party and chip in a minimum amount.
Hosts set a goal for the number of guests and decide the “chip-in” price. If the goal is reached by noon the day before the party, the party’s on, everyone’s credit card gets charged and the beer money is in the host’s PayPal account before he or she even goes shopping. If the minimum number of guests do not RSVP, the party is canceled. Read More