Wednesday, March 26, 2014

Crowdfunding, I Still Don't Get It: Oculus Sells Out To Facebook for $2 Billion, Kickstarter "investors" Get Nothing

In late 2012, Oculus raised $2.4 million on Kickstarter (as well as VC money).  The company was sold a year and a half later for $2 Billion.  What did the 9,500 Kickstarter “contributors” receive?  Zip.

I get why startup companies want free money.  I don’t get why people give dollars in return for… updates? T-shirts?  Who are these numskulls?!


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