In reply to alexis riols’s comment on “Project Soli by Google”
Alfonso C. Betancort
@abetancort · CDO, Sensamatics
@vijay @alexisriols I don't get why everyone is into crowfuding nowadays. It's supposed that entrepreneurs bear the risk to bring a product to market and are not supposed (allowed by market forces) to spread that risk over to their prospective clients by making then fund the venture in advance for a hat and a "discount".
With the existing scheme the crowfunders are getting a really raw deal: they bare most, if not all the financial risk of the venture with not title ( —not even interest bearing debt) other than an not binding promise to "deliver at some date in the future a changing product" and if thing go wrong they don't see a cent or product and when things go very well they do not get any of the upside (ask the crowfunders of Oculus)...
Crowfunders wake up, you are actually seeding capital. And you are being taken for a ride, be wiser and ask for shares not hats and t-shirts. Ok, keep an option to exchange part of the shares for the product at a minimum price or market value if its higher.
4sharetweet・