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-   -   Crowdfunders losing out big time ! (https://gfy.com/showthread.php?t=1137606)

JFK 04-04-2014 10:26 AM

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

_Richard_ 04-04-2014 10:32 AM

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

Klen 04-04-2014 10:32 AM

Were you one of the contributors ?

Klen 04-04-2014 10:34 AM

Quote:

Originally Posted by _Richard_ (Post 20038401)
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 04-04-2014 10:40 AM

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 04-04-2014 10:53 AM

greed dammit.

JFK 04-04-2014 10:57 AM

Quote:

Originally Posted by KlenTelaris (Post 20038402)
Were you one of the contributors ?

nope, I fund my own shit:winkwink:

PSD 04-04-2014 10:58 AM

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

MaDalton 04-04-2014 11:01 AM

idiots...

- Jesus Christ - 04-04-2014 11:08 AM

Quote:

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 04-04-2014 11:50 AM

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 04-04-2014 12:11 PM

Quote:

Originally Posted by JA$ON (Post 20038491)
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:2 cents:

PR_Glen 04-04-2014 12:32 PM

Quote:

Originally Posted by JFK (Post 20038520)
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:2 cents:

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 04-04-2014 12:47 PM

Quote:

Originally Posted by - Jesus Christ - (Post 20038463)
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 04-04-2014 12:49 PM

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 04-04-2014 12:50 PM

Quote:

Originally Posted by KlenTelaris (Post 20038404)
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 04-04-2014 01:10 PM

Quote:

Originally Posted by PR_Glen (Post 20038547)
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 :2 cents:

- Jesus Christ - 04-04-2014 01:18 PM

Quote:

Originally Posted by KlenTelaris (Post 20038571)
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 04-04-2014 01:26 PM

Quote:

Originally Posted by candyflip (Post 20038574)
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 04-04-2014 01:50 PM

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 04-04-2014 01:56 PM

Quote:

Originally Posted by JFK (Post 20038520)
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:2 cents:

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 04-04-2014 02:04 PM

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 04-04-2014 02:35 PM

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 04-04-2014 03:37 PM

Quote:

Originally Posted by JA$ON (Post 20038671)
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.

:thumbsup:thumbsup:thumbsup:thumbsup


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