App.net passes $500,000 funding goal in quest to do Twitter the right way

Dalton Caldwell’s ambitious attempt at a new kind of social network has just achieved its no less daring goal of half a million US dollars in pledged funding. The requisite threshold for funding App.net was crossed some 38 hours in advance of the midnight PT deadline that its developers had set for Monday, August 13th. It took 7,372 backers to collect $500,050 of pledges, with the price of membership varying from $50 for a basic Member account to $1,000 in the Pro Tier.