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by phantomb 4463 days ago
"a $2.4 million early-stage investment in what would become a $2 billion business in a year and a half, in return for 0.0% equity" No. Those backers weren't investing in a company, they were purchasing a prototype device and software package. In practice, that's how Kickstarter works. Sure, there will be a lot of backers who are happy that their deferred purchase is helping a project actually get off the ground, but I guarantee every person who handed over the $300 read over the rewards carefully.