The $forty,000 T-Shirt: Oculus Rift and Possession in Crowdfunding

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Kickstarter backers experienced a rude awakening when Oculus Rift was acquired by Facebook.

Monetary pledges, developer time and emotional investments in the virtual reality startup offer no legal recourse and no payoff for a company that is acquired for $ 2 billion. Only people with equity stakes — private stock — in the company enjoy the windfall.

See also: What Is Oculus Rift — and Why Should You Care?

It was just a matter of time until one of Kickstarter’s projects blossomed into what investors call a “unicorn,” and began to beg the question — should companies using crowdfunding to launch a business also offer some stake in the company? Read more…

More about Crowdfunding, Kickstarter, Business, Startups, and Oculus Rift

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