Friday, March 28, 2014

If you back a Kickstarter project that sells for $2 billion, do you deserve to get rich?


The Oculus Rift virtual reality headset raised $2.4 million on Kickstarter, no strings attached. Those donors weren’t looking for a payout; they wanted to support something they believed in, and maybe get a pair of virtual reality goggles to play with. But when Facebook bought Oculus a year and a half later for $2 billion in cash and stock, backers wondered: what if I’d asked for equity instead of a poster? "I would have rather bought a few shares of Oculus rather than my now-worthless $300 obsolete VR headset," backer Carlos Schulte wrote.


If Schulte’s donation had been an investment, he could have earned around $43,500, estimates Greg Belote, the co-founder of equity crowdfunding platform Wefunder — a stunning 145 percent...


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