Re:Office Hours with Sam Altman [video]
by lancewiggs on Wednesday January 11, 2017 @11:04PM
(#13379751)
Occulus. That one ended well for the founders.
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Bought out by Facebook -- which is not the norm of most crowdfunded companies. In my personal belief, the crowdfunding model as it exists now is not a form of investment that will scale well. When a kickstarter company fails, it's not liable to all the people it took money from unless by fraudulent circumstances. What I believe will be more viable is a crowdsourced capital fund where an executive acts as a trustee representative and makes investing decisions for us.