Light Reading
Comments
Newest First  |  Oldest First  |  Threaded View
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   >   >>


Flash Poll
From The Founder
Is your network built on 'The Old IP,' or are you part of 'The New IP' revolution?
LRTV Documentaries
A Cultural Shift for an OTT World

9|26|14   |   01:41   |   (3) comments


Telcos need to embrace a new approach to partnerships if they are to generate extra revenues quickly and give customers what they want.
LRTV Documentaries
New Skills Needed as Telecom, IT Collide

9|26|14   |   4:07   |   (1) comment


As telecom and IT collide, new technologies are emerging, new skills are needed and new opportunities for women are arising.
UBB Forum News
Do IP Networks Need An Overhaul?

9|25|14   |   02:01   |   (0) comments


As traffic levels ramp, do IP networks need new technologies and topologies?
LRTV Documentaries
Sprint Wields Its Influence in the Valley

9|25|14   |   3:09   |   (11) comments


Anne-Louise Kardas, Sprint's connection to startups in the Valley, explains how telcos can be innovative and find new opportunities with partners.
LRTV Documentaries
SDN, NFV & The Future of XO's Network

9|25|14   |   3:47   |   (0) comments


XO Communications COO Don MacNeil explains how cloud, SDN and NFV are altering its network requirements as well as changing data centers of the future.
UBB Forum News
The OTT Conundrum

9|24|14   |   01:39   |   (0) comments


What is holding back prosperous partnerships between telcos and the OTT players?
LRTV Documentaries
Putting Broadband to Work

9|24|14   |   01:26   |   (0) comments


High-speed broadband network rollout is key to telco strategies, but it's what happens after the network is built that counts.
Light Reedy
Light Reading's Women in Telecom Recap

9|24|14   |   0:55   |   (4) comments


Our first Women in Telecom breakfast was a huge success, and we hope you'll join us in London for the next event on November 6.
UBB Forum News
Monetizing Ultra-Broadband

9|24|14   |   01:43   |   (2) comments


Ultra-broadband networks need to be built, with fiber-to-the-premises the ultimate goal, but they need to be monetized, too.
LRTV Huawei Video Resource Center
Sales Director of INIT on Plug & Play Switch Devices

9|19|14   |   3:21   |   (0) comments


INIT Italy uses both the Huawei S5700 and S7700 series switches for the campus LAN environment. Sales Director Andrea Curti says their company chose these Huawei devices over others because of their performance, flexible scalability and plug-and-play features.
LRTV Huawei Video Resource Center
Saudi Arabia Upgrades Vocational Training System

9|19|14   |   3:31   |   (0) comments


The Technical and Vocational Training Corporation (TVTC) has 100,000 students, 150 government-owned institutions and oversees 1000 private institutes. The CIO of TVTC explains that Huawei devices have allowed them to manage multiple datacenters using just one software program, scientifically tracking the progress of students and teachers, saving them millions.
LRTV Huawei Video Resource Center
Huawei's Media Solutions Are Here to Stay

9|19|14   |   4:35   |   (0) comments


The current media revolution requires rapid upgrades in technology. New formats (HD, 3D, 4K etc.) and the subsequent explosion of file sizes demand sophisticated network and storage architecture. Social media and the multiple distribution channels require a robust asset management system. Gartner analyst Venecia Liu speaks about the current technological trends in ...
Upcoming Live Events
October 29, 2014, New York City
November 6, 2014, Santa Clara
November 11, 2014, Atlanta, GA
December 2, 2014, New York City
December 3, 2014, New York City
December 9-10, 2014, Reykjavik, Iceland
June 9-10, 2015, Chicago, IL
Infographics
Half of the world's population will be connected to the Internet by 2017, but not just by smartphones and desktops.
Hot Topics
Facebook Pokes Around LTE Direct
Sarah Reedy, Senior Editor, 9/25/2014
Sprint Wields Its Influence in the Valley
Sarah Reedy, Senior Editor, 9/25/2014
Is Redbox Instant Shutting Down?
Mari Silbey, Independent Technology Editor, 9/30/2014
US Ignite Cultivates Gigabit Apps
Jason Meyers, Senior Editor, Utility Communications/IoT, 9/25/2014
Like Us on Facebook
Twitter Feed