& cplSiteName &
Comments
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 2   >   >>
pcharles09
50%
50%
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
50%
50%
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
100%
0%
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
50%
50%
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
50%
50%
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
50%
50%
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
50%
50%
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
50%
50%
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
50%
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
50%
50%
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?
Page 1 / 2   >   >>


From The Founder
Light Reading today starts a new voyage as part of a larger Enterprise.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
Can Cable Climb Upmarket?

12|7|16   |     |   (0) comments


Carol Wilson and Alan Breznick assess cable's prospects for winning more enterprises in a landscape rocked by corporate M&A activity.
Women in Comms Introduction Videos
TalkTalk Exec: Find Your North Star at Work

12|7|16   |   3:38   |   (1) comment


Women need to find their purpose, a professional North Star, and create a personal board for themselves, according to Alex Tempest, director of partners at TalkTalk Business.
LRTV Interviews
Verizon: Beware Unknown Unknowns

12|7|16   |   04:58   |   (0) comments


Chris Novak, director of the Verizon Enterprise Solutions Risk Team, explains that enterprises who don't conduct a thorough audit of their assets often leave some things unprotected because they don't know they exist. Many times these unprotected assets are part of corporate M&A activity but left unshielded they can become a hacker's playground, he tells Light ...
LRTV Interviews
ETSI's CTO Talks NFV, 5G & NGP

12|5|16   |   09:45   |   (0) comments


Adrian Scrase, CTO at standards body ETSI, talks about the various initiatives and specifications developments related to NFV, 5G and NGP (next-generation protocols) that will underpin next-gen networks.
Women in Comms Introduction Videos
Korn Ferry Consultant: How to Find, Cultivate & Be the Best Talent

11|30|16   |   4:10   |   (2) comments


Erin Callaghan, a managing consultant for Korn Ferry Futurestep, shares strategies for companies to improve how they recruit and for women to ensure they don't get lost in the pipeline.
LRTV Custom TV
We Can Make the World More Sustainable

11|29|16   |     |   (0) comments


GeSI is a global e-Sustainability Initiative organization bringing together 40 big multinational companies around the world. According to GeSI's report, information and communication technology can make the world more sustainable. Luis Neves, chairman of GeSI, shared with us his opinion at Ultra-broadband Forum (UBBF2016).
LRTV Custom TV
Finding a New Way to Engage Customers & Drive Revenue

11|29|16   |     |   (0) comments


Mobile revenues are declining. Digicel, a player in the Caribbean telecommunications/entertainment space, has found a new way to engage customers and drive revenue. John Quinn, CTO of Digicel, shared with us its story at Ultra-broadband Forum (UBBF2016)
LRTV Custom TV
Do You Really Need Gigabit Infrastructure?

11|29|16   |     |   (0) comments


Altibox is the biggest fiber-to-the-home (FTTH) player and the largest provider of video and TV in Norway. They started out with zero customers in 2002. Now they have close to half a million households and companies attached to their FTTH business. Nils Arne, CEO of Altibox shared with us their story and insight on 5G at Ultra-broadband Forum (UBBF2016).
LRTV Custom TV
BTís Openreach Strategy & Its Updates in 2016

11|29|16   |     |   (0) comments


A lot of developments at Openreach this year in terms of strategy and planned investments. Peter Bell, CIO of Openreach BT, shared with us the updates of Openreach at Ultra-broadband Forum (UBBF2016).
LRTV Custom TV
ITU: The Broadband Is Our Future

11|29|16   |     |   (0) comments


At Ultra-broadband Forum, Houlin Zhao, Secretary General of ITU, discussed how important it is for countries, companies and everybody to be working together to help to build the broadband and digital economies (UBBF2016).
LRTV Custom TV
Tackling 5G in Dallas

11|28|16   |     |   (0) comments


Here are our highlights of the 5G North America show in Dallas, Texas with Light Reading's Dan Jones.
LRTV Interviews
Cox Prepping for Virtualization Trials

11|14|16   |     |   (0) comments


In this video interview, Cox's Jeff Finkelstein discusses MSO's plans to test managed business services in early 2017 and tackle Distributed Access Architectures.
Upcoming Live Events
May 16-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
Hot Topics
Cable Nodes Becoming a Choke Point
Brian Santo, Senior editor, Test & Measurement / Components, Light Reading, 12/5/2016
WiCipedia: After-School Coding, Salary Probing & Pro-Parenthood Companies
Eryn Leavens, Special Features & Copy Editor, 12/2/2016
Altice FTTH Bill Could Hit Almost $9.6B in US
Iain Morris, News Editor, 12/1/2016
Consolidated Snaps Up Fairpoint for $1.5B
Iain Morris, News Editor, 12/5/2016
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
Animals with Phones
Live Digital Audio

Even when there's a strong pipeline of female talent in the comms industry, it tends to leak all the way to the top. McKinsey & Company says women experience pipeline leakage at three primary points: being unable to enter, being stuck in the middle or being locked out of the top. Each pipeline pain point presents its own challenges, but also opportunities to stop the leak. Wireless operator Sprint is making a conscious effort to improve its own pipeline from new recruits to the C-suite, and it wants the rest of the industry to do the same. In this Women in Comms radio show, WiC Board Member and Sprint Vice President of Enterprise Sales Nelly Pitocco will give us her take on the industry's pipeline challenges. Pitocco, who joined Sprint in May and has spent 20 years in the comms industry, will also offer solutions, share how Sprint is tackling the challenge within its own organization and take your questions live on air.