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Investing is not just about returns anymore. On Kickstarter, millions of people invest in products, not for a return but because they want the product to exist
by gavanwoolery 14y ago
Investing is not just about returns anymore.
On Kickstarter, millions of people invest in products, not for a return but because they want the product to exist.
I would very willingly toss my money down the blackhole of seed markets, because it is a "fair shot." Other markets are not.
The stock market and index funds are driven by volume (i.e. rich people) fear, our economy, or stupid politicians.
I would gladly fund a product to see it exist, and all the better if I have a shot at making a return on something I believe in. People don't invest in the stock market because they believe in the company, they do it because they have a gut-feeling it might move up that day.
In '96 or '97, I predicted that Valve was going to be very successful, just based on a very early preview I saw of Half-Life - I was just a teenager at that time. I have made many similar calls (honest to god) across many companies including NVidia, Intel, Google -- because I believed in them before any of them went public (for the record, there is not a single public company that I believe in). What I wouldn't give to be able to invest my money where I believed it would do good.
- gfodor 14y agoIn most circles the definition of investing is the deployment of capital for some expected return on that capital. You can't just take something else that feels like investing and start calling it that.
- gavanwoolery 14y agoI agree - what I am trying to say is that there is more to investing than money in, money out, and risk. For example, I would feel a lot better losing money by investing in an innovative product, than losing money because the economy went down. Investing in progress, return or not, is its own reward.