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True. But back then there was no other option for crowd funding. That's only changing just now as the SEC is finally implementing the crowd funding provisions o

True. But back then there was no other option for crowd funding. That's only changing just now as the SEC is finally implementing the crowd funding provisions of the JOBS act.

anigbrowl 13y ago
Yeah, I'm surprised there hasn't been more discussion of that here, though obviously the slow nature of the rulemaking process causes people's interest to wane. Considering the fact that large acquisitions will continue in the future (even if we are in a bubble or unusually inflated period right now), and that even a micro-investment at the right time can lead to huge multiples, it'll be very interesting to see how this changes the landscape. Not being a game or graphics developer I was very interested in Oculus but decided to wait for the consumer version of the technology. However, if I could have bought a tiny equity position for $100 I would probably have done so, since I'm pretty confident on my judgment about which technology is 'hot or not,' and I would likely be celebrating a nice little uptick in my net worth right now.
- InclinedPlane 13y ago
  Well, also, the SEC made the crowdfunding regulations a bit ridiculous so they may not actually end up having a major impact on investment funding.
  - anigbrowl 13y ago
    They can iterate. But also, they were working within some tight legislative constraints (eg $1m cap IIRC) and when you look at the public comments a lot of them 'how will you guard against grifters' and the like. I was pretty depressed by how vapid most of the comments were, incidentally...I feel bad for whoever was required to sit down and read and classify them all.
GBond 13y ago
Even so, KS was never about an exchange of equity for money (other platforms will fill this need like Angelist Invest). KS exchanges ownership in a project's human-level vision (and sometimes a early release of the product) for a donation. People are like Notch are peeved because Oculus was not upfront when entering this social contract.

True. But back then there was no other option for crowd funding. That's only changing just now as the SEC is finally implementing the crowd funding provisions of the JOBS act.

anigbrowl 13y ago

Yeah, I'm surprised there hasn't been more discussion of that here, though obviously the slow nature of the rulemaking process causes people's interest to wane. Considering the fact that large acquisitions will continue in the future (even if we are in a bubble or unusually inflated period right now), and that even a micro-investment at the right time can lead to huge multiples, it'll be very interesting to see how this changes the landscape. Not being a game or graphics developer I was very interested in Oculus but decided to wait for the consumer version of the technology. However, if I could have bought a tiny equity position for $100 I would probably have done so, since I'm pretty confident on my judgment about which technology is 'hot or not,' and I would likely be celebrating a nice little uptick in my net worth right now.

InclinedPlane 13y ago
Well, also, the SEC made the crowdfunding regulations a bit ridiculous so they may not actually end up having a major impact on investment funding.
- anigbrowl 13y ago
  They can iterate. But also, they were working within some tight legislative constraints (eg $1m cap IIRC) and when you look at the public comments a lot of them 'how will you guard against grifters' and the like. I was pretty depressed by how vapid most of the comments were, incidentally...I feel bad for whoever was required to sit down and read and classify them all.

GBond 13y ago

Even so, KS was never about an exchange of equity for money (other platforms will fill this need like Angelist Invest). KS exchanges ownership in a project's human-level vision (and sometimes a early release of the product) for a donation. People are like Notch are peeved because Oculus was not upfront when entering this social contract.