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> And I did not chip in ten grand to seed a first investment round to build value for a Facebook acquisition. The Kickstarter angle is interesting. I'd be pee
by GBond 13y ago
> And I did not chip in ten grand to seed a first investment round to build value for a Facebook acquisition.
The Kickstarter angle is interesting.
I'd be peeved as well if I was a supporter and this happened. Aren't KS Projects by implication a "Project for the People" first and foremost? Should KS Backers at least get a small return for making a $2 Billion exit possible?
- batoure 13y agoI feel like 2014 will be the year of the big Kick Starter lawsuits where funders who feel betrayed by the projects they kicked in on turn angry. There have been number of movies funded that promised "downloadable versions" only to put those behind really awful drm websites on requirement of deals made with big companies to get the movies into theaters.
- ekianjo 13y ago> Should KS Backers at least get a small return for making a $2 Billion exit possible? No. You know exactly what you buy (or try to buy) when you support a Kickstarter project. There's no equity in the companies you support. Not at all.
- devcpp 13y agoLegally, you're right. But if you were one of Oculus's founders and you were not a hypocrite, this would be a good way to promote Kickstarters like yours. Disclaimer: I have never used Kickstarter myself, and this one more data point against doing so. But I'm just pointing out what would be right.