dagblog - Comments for "Crowdrobbing"

Me timbers are positively

Michael Maiello — Fri, 28 Mar 2014 18:32:16 +0000

In reply to And the people all said "Sit

Me timbers are positively shivering.

And the people all said "Sit

jollyroger — Fri, 28 Mar 2014 16:43:25 +0000

In reply to Let's have a drink to discuss

And the people all said "Sit down!...." (No, the people all said, "Aaarrgh..!")

Let's have a drink to discuss

Michael Maiello — Fri, 28 Mar 2014 16:28:48 +0000

In reply to Funny you should

Let's have a drink to discuss this unique opportunity!

Hey, why did I wake up on a boat?

I really think the only

Michael Maiello — Fri, 28 Mar 2014 16:25:26 +0000

In reply to Arguably, but the thrust of

I really think the only workable solution would be an ethical one -- if you use Kickstarter and you make a fortune, you should use some of that money to retroactively reward your enablers.

Funny you should

jollyroger — Thu, 27 Mar 2014 23:51:44 +0000

In reply to Just got an email from Matt

Funny you should mention...I'm thinking of taking out Letters of Marque and Reprisal from the government of Ukraine, who are prepared to legitimate the taking as prizes any Russian tankers found on the Black Sea....all I need is a little capital for the sails...I already own the flag, as you know...

Did she fuck you? I mean,

jollyroger — Thu, 27 Mar 2014 23:44:45 +0000

In reply to But just to play the devil's

Did she fuck you? I mean, besides the notes...

All I got for beta testing

EmmaZahn — Thu, 27 Mar 2014 22:59:40 +0000

In reply to Ritholtz was making that

All I got for beta testing pcs and software starting with an Apple II and Dell's 8088 and, of course, Microsoft's DOS was old before my time. No t-shirts.

Arguably, but the thrust of

Michael Wolraich — Thu, 27 Mar 2014 22:06:47 +0000

In reply to Ritholtz was making that

Arguably, but the thrust of the message was those funders were fools and dupes. If I were one of them, I'd kickstart Rithotz's patronizing ass (rhetorically, of course).

In any case, I expect that starry-eyed tech-lovers will think twice before investing in another Oculus. Unfortunately, I don't know what Kickstarter can do about it. Prohibit entrepreneurs from selling out? I'm not sure such a contract would hold up in court.

Ritholtz was making that

Michael Maiello — Thu, 27 Mar 2014 21:48:05 +0000

In reply to "...when it comes to

Ritholtz was making that statement about investors in general and he's likely right. You're right that the Oculus problem is not going to come up very often. But, in this case, the Kickstarter people really missed out because nobody else would have funded something like this in exchange for a t-shirt.

"...when it comes to

Michael Wolraich — Thu, 27 Mar 2014 20:57:37 +0000

In reply to I don't think Ritholtz

"...when it comes to understanding anything involving capital, you are often no better than a 2-year-old."

The funders did not misunderstand capital. Financially, they made a shrewd choice. Unlike so many other ventures, Oculus did not fail. What they miscalculated was human nature. And I say miscalculated because even though Oculus's sell-out is hardly surprising, it was not a given. Not every entrepreneur sells out to facebook, especially if they're not venture-funded.