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[Verge] Facebook won't rebrand the Oculus Rift headset and interface - Page 8

post #71 of 74
Quote:
Originally Posted by Calibos View Post

I can't wait to see all the cooler than thou bandwagon jumpers don their disguises to sheepishly approach the Best Buy counter to get their hands on their Rift come launch day. What a bunch of hipsters biggrin.gif

While not terribly relevant, the combination of the words "disguise" and "hipster" brought this video to mind.

http://www.youtube.com/watch?v=en5z-Q4po4M
post #72 of 74
Quote:


well they donated their money, they didn't invest it. But of course no Kickstarters can turn a profit and be highly successful and must be small all the time right?

and with the money and shares Facebook was offering, don't tell me you would of turned it down....



It doesn't really matter whether I would have turned it down or not. Perhaps I would not have characterized my goals to potential crowd-funders in the way Palmer seems to have done, according to the plethora of upset and disappointed backers he now has.

And I am an advocate for greater rights and benefits for crowd-funders, such as:


- A percentage return on profits generated

- Disclosure documents showing how crowd-funds are being spent

- In certain cases, a proportional shareholder stake in the company whose creation they funded


Traditional venture capitalists who fund startups often receive all these benefits, and more.


Until this happens, I think crowd-funding will continue to be a source of free venture capital to companies who, as in this case, can make enormous profits from what crowd-funders helped initiate, while going back on their original vision as presented to crowd-funders.
Edited by Robertdt - 3/29/14 at 3:11pm
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post #73 of 74
Kick starters =//= Investors

Did people complain about buying razer products when they was starting out? Without that initial "kickstart" investment they'll never have gotten as big.
I don't understand the complaints at all, You invested to see this as the future with the promise of getting "Rewards" as a return. Now it will be a lot easier for the team to reach it's goal. Would people complain for the exact same reason with early access green lit games if a similar situation should arise?

I think it's all just misdirected hatred just because a big corp has stuck there nose in doesn't mean all is going to be bad.
post #74 of 74
What people like yourself who continually point out that crowd-funders do not equal investors continually miss is that that this is understood. We know crowd-funders do not equal investors. The main reason they do not is because investors receive more benefits than crowd-funders for the money they are spending, such as shares and a return of a portion of the profits.

The point is that the money that comes from crowd-funders serves the exact same function as venture capital in terms of allowing a startup project to be developed. The difference is that crowd-funders are far less compensated than venture capitalists. The argument is that there should be greater compensation benefits for crowd-funders.
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