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So, as I understand it, all this money is to work on an open source project, which is quite different than a startup. Now a well-done open source project inevit
by frederickcook 16y ago
So, as I understand it, all this money is to work on an open source project, which is quite different than a startup. Now a well-done open source project inevitably leads to a company (Wordpress, MySQL, etc.) but that isn't what they said they were going to do with the money. (Somebody has to host all these nodes for joe-everybody.)
Are there contractual obligations of raising money with Kickstarter, or can they use this for legal fees?
If they can't use the money for a startup, I doubt they'd have trouble raising money for a company separately, though investors know that any software product developed will be open source.
- seldo 16y agoThe original request was for $10,000 to cover their living expenses for 3 months. Now they have $170k, they really have no obligation to do anything with it other than support themselves for 3 months. So anything else is just gravy. Which is why it is so COMPLETELY ridiculous that they have been given so much money, especially given that they don't have a product or even a detailed design of a product. They just have a lot of good intentions.
- gruseom 16y agoIf it works, it won't seem ridiculous at all. I like the pluralism of this experiment. The odds are nothing will come of it, but that's what the odds nearly always are.