“Those almost 10,000 early investors on Kickstarter participated in one of history’s most lucrative funding rounds from the perspective of the people receiving the funding: a $2.4 million early-stage investment in what would become a $2 billion business in a year and a half, in return for 0.0% equity.” -- WSJs Corporate Intelligence on Oculuss crowdsourced 2012 fund-raiser. Caveat Emptor, baby! ...Talking people out of $2.4 million dollars in exchange for zero percent equity is a perfectly legal scam. Then selling the company for $2 billion dollars is simply how this particular crowdfunding works.
Posted on: Wed, 26 Mar 2014 18:35:25 +0000
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