He’s so boring that the hackers who stole his identity later returned it.
I don’t like the hype surrounding Kickstarter. Kickstarter is just a platform for collecting donations. Nothing more. Pledgers are not investing their money into projects, they are just donating money and their “dividends” are just little “thank you” gifts. This could be just the right thing to do for small creative or social projects that need a patron. And Kickstarter does help them to have hundreds of small patrons instead of a single rich person or institution. So far so good, but which is the rationale in using Kickstarted to pour millions of donations into a videogame or a smartwatch? It doesn’t make any sense. These “kickstarted products” can potentially generate good margins or, as any venture, they can just fail even before reaching the market. I bet that, before the end of this year, some big Kickstarter project will collapse and groups of pledgers are going to start getting very angry.
Then I discovered Symbid, a Dutch company that apparently is quite similar to Kickstarter, but it actually allows anyone to buy shares and become a proper investor of the companies (or wanna-be companies) that are pitching their ideas on Sybid. You can pledge as little as 20 EUR and, if the project meets the fundraising target, you’ll be part of a cooperative of investors that Symbid will setup for this purpose. There is no valuation issue, since each project will clearly state how much capital is required and how much equity is available for that amount.
Seedrs is a similar initiatives that recently launched in the UK. The main differences are due to the different local regulation of financial services. Seedrs doesn’t use cooperatives to manage equity, but shares are issued to Seedrs itself as nominee of the investors.
I just registered with Symbid and I’m looking forward to make my first 20 EUR investment!