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A comment on Is Kickstarter covering up a scam? An open letter to CEO Yancey Strickler. Parent comment

Re:Is Kickstarter covering up a scam? An open letter to CEO ... by Lazare on Friday July 10, 2015 @07:59AM (#9863389)
> Kickstarter et al. are not shops. [...] the point of crowdfunding was to invest in potentially interesting ideas, and not to have a preordering venue

A purchase is when I give you money in exchange for a product. You're right, this isn't exactly Kickstarter's business model. However, an investment is when I give you money in exchange for an equity stake. This certainly isn't Kickstarter's business model.

If you give a Kickstarter money, you might get a product; you won't get any equity. Whatever that makes it, it's more a shop than it is an investment platform.

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Re:Is Kickstarter covering up a scam? An open letter to CEO ... by toomuchtodo on Friday July 10, 2015 @07:25PM (#9867621)
> If you give a Kickstarter money, you might get a product; you won't get any equity. Whatever that makes it, it's more a shop than it is an investment platform.

Its a donation platform with the possibility of receiving something for your donation.

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