Crowdfunders losing out big time !

[JFK]

Do you feel this is fair ?
http://www.american.com/archive/2014...rs-losing-deal

[_Richard_]

yes and no.. isn't this what kickstarter is for? now people are upset that it was so successful?

[Klen]

Were you one of the contributors ?

[Klen]

Originally Posted by _Richard_

yes and no.. isn't this what kickstarter is for? now people are upset that it was so successful?

Yes i dont see what is a problem,as usual you get something when you fund a project.I dont think i'v seen any project yet which offer share of company(and that is only way ot make money on deals like this)

[mineistaken]

WTF, of course it is fair. They did not get shares when funding. What a bunch of morons... They 100% got what was agreed,.
I hate retards like that...

[freecartoonporn]

greed dammit.

[JFK]

Originally Posted by KlenTelaris

Were you one of the contributors ?

nope, I fund my own shit

[PSD]

They should have look for a project on www.fundable.com if they wanted to find one that offered shares.

[MaDalton]

idiots...

[- Jesus Christ -]

A better question, then, is why didn?t Oculus Rift sell shares to those who crowdfunded via Kickstarter?

The answer is that they?re not allowed to. After the Great Depression, the government barred the public sale of securities by companies that are not registered. Registered companies are subject to burdensome regulations, including filing lengthy informational disclosures meant to protect the uninformed public

TL;DR

Smart people suffer becasue dumb people want big government protecting them.

[JA$ON]

QUITE FAIR

If they PROMISED a % and failed to deliver, sure, that would be wrong, but it is made very clear on KS what you will be getting for your contribution. If you don't like it, start your own company or invest in the market.

Don't whine because you didn't get something that wasn't promised to you, lol

[JFK]

Originally Posted by JA$ON

QUITE FAIR

If they PROMISED a % and failed to deliver, sure, that would be wrong, but it is made very clear on KS what you will be getting for your contribution. If you don't like it, start your own company or invest in the market.

Don't whine because you didn't get something that wasn't promised to you, lol

Yes, That's pretty cut and dried, also legally correct. But don't forget where you came from and who helped to get you there

[PR_Glen]

Originally Posted by JFK

Yes, That's pretty cut and dried, also legally correct. But don't forget where you came from and who helped to get you there

fair enough but banks don't get a cut of peoples business if they loan money and their projects take off. Maybe indirectly they do if they stay with the same bank.. heh

[Klen]

Originally Posted by - Jesus Christ -

TL;DR

Smart people suffer becasue dumb people want big government protecting them.

I dont see problem with not allowing shares of non-registred company,i mean that is like selling air.
Especially when registering company is piece of cake.

[candyflip]

They didn't come up with or help develop the product. They only helped to fund the manufacturing of the prototype, of which they got a unit.

The bullshit is people funding these actor's movies and then getting nothing in return, while the "star" pockets the proceeds.

[candyflip]

Originally Posted by KlenTelaris

Yes i dont see what is a problem,as usual you get something when you fund a project.I dont think i'v seen any project yet which offer share of company(and that is only way ot make money on deals like this)

Kickstarter doesn't allow for profit / revenue sharing.

[JFK]

Originally Posted by PR_Glen

fair enough but banks don't get a cut of peoples business if they loan money and their projects take off. Maybe indirectly they do if they stay with the same bank.. heh

a bank is a bank, that's why they didn't go there, or they got turned down

[- Jesus Christ -]

Originally Posted by KlenTelaris

I dont see problem with not allowing shares of non-registred company,i mean that is like selling air.
Especially when registering company is piece of cake.

If someone buys shares without doing proper research they should lose their money.

It's not my responsibility to subsidize the laziness of others.

[Klen]

Originally Posted by candyflip

They didn't come up with or help develop the product. They only helped to fund the manufacturing of the prototype, of which they got a unit.

The bullshit is people funding these actor's movies and then getting nothing in return, while the "star" pockets the proceeds.

Well,unless you have black and white on paper how you are entitled of someone percentage of revenue,
you shouldn't complain about that.

[kane]

Them now wanting a share of the sale price would be like me giving a panhandler a dollar then him using it to buy a lottery ticket and winning. When I hear about it I come back and demand some of the money since I gave him the dollar.

[JA$ON]

Originally Posted by JFK

Yes, That's pretty cut and dried, also legally correct. But don't forget where you came from and who helped to get you there

If I owned the company, I would surprise the Kickstarters with some cash. Maybe not hundreds of millions, but being that they are not untitled to anything, it would be a very cool gift / surprise.

To be honest, THIS is why I don't donate to KS projects. Im afraid something like this would happen and instead of feeling great that something I helped start made it big Id feel like I was some how screwed over. Prob similar feeling to someone who plays the lotto every week with the same numbers, then on the ONE week you forget to play....your numbers come up.

[adultmobile]

Equity crowdfunding it is not legal in USA, but it is in some euro countries, which launched some sites allowing it:

http://en.wikipedia.org/wiki/Crowdfu...y_crowdfunding

If any of these sites will get bigger and end up with an oculus rift like success, where crowdfunders are sharing the company sale and sales success, then kickstarter (and all of the US-based clones who can't govern equity) will have a popularity drop. I mean, everyone will want to fund projects which give the product AND revshare.

[deltav]

The writer describes the people who contributed to that Oculus Rift Kickstarter as "up in arms" - but he offers no evidence or examples of this in the article. I'm getting the sense *he* contributed and *he's* "up in arms". Whiny person is whiny.

He misses the entire point of Kickstarter - it's basically a donation to a cause or project you feel strongly about or a product you'd like to see made. You might get a minor perk for different levels of contribution but the most reward is just a sense that you helped make it happen. It never ever pretended to be anything different.

If you want to genuinely invest in a company there are PLENTY of places and methods to do so. Kickstarter is not that and never has been and neither presented itself as such.

[JFK]

Originally Posted by JA$ON

If I owned the company, I would surprise the Kickstarters with some cash. Maybe not hundreds of millions, but being that they are not untitled to anything, it would be a very cool gift / surprise.