4 ms·

Do you deserve to get rich funding a Kickstarter project that sells for $2 bi?

• w_t_payne 13y ago
  No. The concept "Deserve" does not apply here. When I buy into a Kick-starter project, I do it to bring a product that I want to exist into reality: for that reason and that reason alone. If the people doing the work are able to bootstrap that interest into a successful business, then good on them. At best, it is a validation of the original project. At worst, irrelevant. To call it a detraction, or (worse) to try to lay claim to the spoils is merely greed of the basest sort.
• bartonfink 13y ago
  "Deserve's got nothing to do with it." William Munny
• valarauca1 13y ago
  In all honesty I'm not surprised that a 'hedgefund' meets 'kickstarter' hasn't started up for projects, where individual contributors get stock as opposed say a tee shirt. As a result of Occulus Rift. If your target fails the amount raised goes to "hedge-starter". In the event you do succeed ownership of non-voting shares are given to donators, so companies using the server can claim to still maintain ethical integrity. Obviously there would be legal problems that would need to be worked though.
  • jonas21 13y ago
    Until Title III of the JOBS act goes into effect, it's not possible to do so in the US. However, as the article mentions, there are a number of groups that are getting ready to offer this sort of crowdfunding for equity service once Title III does go into effect.
  • gbelote 13y ago
    It's all about regulation, you're right there are legal challenges. The JOBS Act does reform these regulations to make it possible but the SEC has stalled progress for about 1.5 years. That said, it's looking pretty likely that the necessary regulations will go live later this year.