Thursday, March 27, 2014

Enjoy Your $500 T-Shirt: Kickstarter Backers Get Nada in Oculus Sale - Businessweek

More Kickstarter/Oculus perspectives

"The difference highlights the raw deal that Kickstarter users get from an investment standpoint. The money they chip in to promising ideas isn’t equity, so in addition to taking the risk of getting nothing if a project turns out to be vaporware, they also get none of the upside if the project takes off. Spark and Matrix each put $19 million into Oculus in 2013, a year after the Kickstarter campaign was completed; those stakes are now worth $380 million each, Bloomberg News reports, citing people with knowledge of the deals. Kickstarter believers have nothing to show for their $2.4 million besides T-shirts, signed posters, the promise of VR prototypes, and “a sincere thank you.”

At the same multiple that Spark and Matrix got, a $25 Oculus T-shirt would be worth $500."
Enjoy Your $500 T-Shirt: Kickstarter Backers Get Nada in Oculus Sale - Businessweek

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