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I am reading this and http://castar.com/kickstarter-faq/ http://castar.com/kickstarter-faq/ It is actutally more than just a refund: "Backers must complete an
by eveningcoffee 11y ago
I am reading this and http://castar.com/kickstarter-faq/ http://castar.com/kickstarter-faq/
It is actutally more than just a refund:
"Backers must complete and submit the Survey by February 15, 2016 to be eligible for this refund offer and a unit of consumer product at no charge.
Backers who have completed the Kickstarter Survey will receive a message from PayPal with instructions on how to reclaim their backings along with a unique discount code that will be good for one free pair of consumer castAR glasses."
This is a very respectful behaviour from CastAR because as it looks, they used the Kickstarter money to attract the VC investment. As such, giving only refund would mean that the only benefactors of the funding would have been CastVR and Kickstarter and not the people who took the actual risk.
Edit: It looks like the only ones who would get burned are the people who ordered multiple classes and will now only receive one. They invested 272990, so about 1/4 of the campaign. I think that it is wrong that they will receive only one free pair of classes as their money was also used as the seed money.
- HeyLaughingBoy 11y agoSounds like they are receiving a set of glasses as an interest payment on a loan they made to CastAR. I don't see any problem with that.
- eveningcoffee 11y agoWell, yes. Only problem I see is that the ones who invested less (ordered only one pair of glasses) will get better return from their investment. This sound a little unfair.
- HeyLaughingBoy 11y agoBut they're all getting their money back: investment == $0 assuming opportunity costs are essentially zero. So everyone basically gets something for nothing.