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pcharles09
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pcharles09,
User Rank: Light Beer
5/21/2014 | 5:16:16 PM
Re: Kick (in the nuts) Starter
Speaking of Oculus, here's another great project on Kickstarter that I believe will definitely get farther (if they learned from Oculus).
Watch the demo video & you'll see how cool it is:

https://www.kickstarter.com/projects/giroptic/the-worlds-first-full-hd-360-camera

 
mhhf1ve
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mhhf1ve,
User Rank: Light Sabre
5/9/2014 | 2:54:21 PM
Re: Kick (in the nuts) Starter
More hood winking is almost a certainty. Non-savvy investors are going to lose a lot of money chasing crazy projects that aren't even startups, but just a couple people with a intense hobby.
brookseven
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brookseven,
User Rank: Light Sabre
5/9/2014 | 12:39:42 PM
Re: Kick (in the nuts) Starter
In case folks are unaware, there are changes to the rules for investing that have been in progress for more than a year.

Starting last fall, it is now legal to advertise investment opportunities.

Starting this summer, the Net Worth to be an accredited investor is being lowered substantially from $1M to $75K.  I suspect there will be a LOT of backlash about 2 years from now when more hoodwinking occurs.

seven
mhhf1ve
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mhhf1ve,
User Rank: Light Sabre
5/9/2014 | 11:48:01 AM
Re: Kick (in the nuts) Starter
Kickstarter makes it clear that supporters are never buying an interest in the company behind a project -- only the product or service that will be created. There are, in fact, other marketplaces like Kickstarter that DO offer shares of investment in startups that haven't launched. But those Kickstarter clones are problematic because the supporters can be unsophisticated investors. And the backlash of resentment is still possible -- and may even be more likely -- when supporters are actually financially invested in an uncertain venture.
mendyk
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mendyk,
User Rank: Light Sabre
4/30/2014 | 6:58:48 PM
Re: Kick (in the nuts) Starter
The venom from Oculus supporters is being aimed directly at Oculus and not at the gubmint. And rightly so. What makes this even worse is that the acquirer (Facebook) is roundly despised by many of the people who seeded Oculus through Kickstarter. Again, a stark lesson in greed and avarice for those who kicked in some cash to make Palmer Luckey and his team very very rich.
theschnack
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theschnack,
User Rank: Moderator
4/30/2014 | 6:46:39 PM
Re: Kick (in the nuts) Starter
Folks, sorry to sound like an anarchist, but try blaming the SEC.

Kickstart contributors should know what they were getting into. Companies are prohibited from soliciting investments over sites like Kickstarter, and are prohibited from offering equity or profits to the "contributors" they do attract.  Were Oculus to formally attract seed money, they would have chosen a separate means, one that would have imposed far higher costs and oversight.  Our lords at the SEC have set a bar for attracting angel investing, and that bar is higher than Kickstarter clears.

Buyer, or rather Kickstarter, beware.
mendyk
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mendyk,
User Rank: Light Sabre
4/30/2014 | 5:51:01 PM
Re: Kick (in the nuts) Starter
There's a difference between creating a profitable business and selling a bootstrap-developed concept for several tons of money. As the people who seeded Oculus through Kickstarter are pointing out, if their investment had been treated as a conventional Series A funding round, they would have received a return of $66 for every dollar invested. Instead, what they ended up with was a useless prototype, and a lesson in greed and avarice.
pcharles09
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pcharles09,
User Rank: Light Beer
4/30/2014 | 5:40:53 PM
Re: Kick (in the nuts) Starter
Well I guess it's all about what was mentioned as the GOAL in the Kickstarter campaign. If the objective was stated to create a business, then profit is the end game. If it's not explicitly mentioned (as far as the GOAL), then it's a little bit of a gray area conversaion. But if donors are misled, that's a whole different story.
mendyk
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50%
mendyk,
User Rank: Light Sabre
4/29/2014 | 9:14:13 AM
Re: Kick (in the nuts) Starter
The few people I know who have given money through Kickstarter aren't interested in creating more millionaires -- they do it because they want to encourage innovation. This is a stark reminder that not everyone is altruistic or honest about their intentions.
pcharles09
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pcharles09,
User Rank: Light Beer
4/28/2014 | 9:55:46 PM
Re: Kick (in the nuts) Starter
Was there any other real outcome than a buyout in your mind's eye?
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From The Founder
Last week I dropped in on "Hotlanta," Georgia to moderate Light Reading's inaugural DroneComm conference – a unique colloquium investigating the potential for drone communications to disrupt the world's telecom ecosystem. As you will see, it was a day of exploration and epiphany...
Between the CEOs
Affirmed Networks CEO: Digging Into NFV

5|28|15   |   40:26   |   (0) comments


Hassan Ahmed, CEO of Affirmed Networks, is making some big claims for his NFV startup. I sat down with him at the Light Reading HQ in New York City to get the skinny on what this Acton, Mass.-based startup is up to.
LRTV Documentaries
Cable Eyeing SDN for Headend, Home Uses

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CableLabs is looking at virtualizing CMTS and CCAP devices in the headend, as well as in-home devices, says CableLabs' Karthik Sundaresan.
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Verizon's Emmons: SDN Key to Cost-Effective Scaling

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For Verizon and other network operators to ramp up available bandwidth cost effectively, they need to move to SDN and agree on how to do that.
LRTV Documentaries
Lack of Universal SDN a Challenge

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Heavy Reading Analyst Sterling Perrin talks about how uncertainty about SDN standards and approaches may be slowing deployment.
LRTV Custom TV
Steve Vogelsang Interview: Carrier SDN

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Sterling Perrin speaks to Steve Vogelsang, Alcatel-Lucent CTO for IP Routing & Transport business, about the new Carrier SDN-enabling Network Services Platform and the operator challenges it solves.
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Carrier SDN: On-Demand Networks for an On-Demand World

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Steve Vogelsang, Alcatel-Lucent CTO for IP Routing & Transport business, talks about requirements and benefits of Carrier SDN during the keynote address at the Light Reading Carrier SDN event May 2015.
LRTV Documentaries
The Security Challenge of SDN

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CenturyLink VP James Feger discusses concerns that virtualization could create new vulnerabilities unless network operators build in safeguards.
LRTV Custom TV
NFV Elasticity – Highly Available VNF Scale-Out Architectures for the Mobile Edge

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Peter Marek and Paul Stevens from Advantech Networks and Communications Group talk about their NFV Elasticity initiative and the company's latest platforms for deploying virtual network functions at the edge of the network. Packetarium XL and the new Versatile Server Module: 'designed to reach parts of the network that other servers cannot reach.'
LRTV Huawei Video Resource Center
Bay Area Spark Meetup 2015

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Developed in 2009, Apache Spark is a powerful open source processing engine built around speed, ease of use and sophisticated analytics. This spring, Huawei hosted a meetup for Spark developers and data scientists in Santa Clara, California. Light Reading spoke with organizers and attendees about Huawei's code contributions and long-term commitment to Spark.
LRTV Custom TV
The Transport SDN Buzz

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Sterling Perrin, senior analyst at Heavy Reading, speaks with Peter Ashwood-Smith of Huawei and Guru Parulkar of ON.Lab about the evolution of transport SDN and the integration of technologies.
LRTV Custom TV
Next-Generation CCAP: Cisco cBR-8 Evolved CCAP

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John Chapman, Cisco's CTO of Cable Access Business Unit and Cisco Fellow, explained the innovation design of Cisco's cBR-8, the industry's first Evolved CCAP, including DOCSIS 3.1 design from ground-up, distributed CCAP with Remote PHY and path to virtualization. Cisco's cBR-8 Evolved CCAP is the platform that will last through the transitions.
LRTV Custom TV
Meeting the Demands of Bandwidth & Service Group Growth

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Jorge Salinger, Comcast's Vice President of Access Architecture, explains how DOCSIS 3.1 and multi-service CCAP can meet the demands of the bandwidth and service group growth.
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BETWEEN THE CEOs - Executive Interviews
On May 29th 10 AM ET, Steve Saunders, founder and CEO of Light Reading, will be drilling into the "pains and gains" of NFV with Saar Gillai, SVP & GM for NFV at Hewlett-Packard Co. (NYSE: HPQ) (HP). He has defined a four-step NFV model describing a sequence of technology innovation. It's a must-read doc for any network architect looking to get to grips with their NFV migration strategy. Join us for the interview, and the chance to ask Saar your NFV questions directly!
Hassan Ahmed, CEO of Affirmed Networks, is making some big claims for his NFV startup. I sat down with him at the Light Reading HQ in New York City to get the skinny on what this Acton, Mass.-based startup is up to.
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