I hope you had a good weekend, also. Well, friends, this post does not “bash” hack gurus – I know many of you will be disappointed, but before you move on, please read this interesting post I had found over the weekend.
If you back a Kickstarter project that sells for $2 billion, do you deserve to get rich?
CREDIT: The VERGE
Oculus’s backers could have had a 145x return on their donation. Here’s why that never would have happened
They pose a really good question and also provide a really good example of how it is possible to get HIGH RETURNS (i.e. $43,500 ) for only speculating and paying $300 bucks! Does this happen every day? NO, of course not, but does it show us that this kind of high return happens? YES! Enjoy…
The Oculus Rift virtual reality headset raised $2.4 million on Kickstarter, no strings attached. Those donors weren’t looking for a payout; they wanted to support something they believed in, and maybe get a pair of virtual reality goggles to play with. But when Facebook bought Oculus a year and a half later for $2 billion in cash and stock, backers wondered: what if I’d asked for equity instead of a poster? “I would have rather bought a few shares of Oculus rather than my now-worthless $300 obsolete VR headset,” backer Carlos Schulte wrote.
If Schulte’s donation had been an investment, he could have earned around Continue reading →
We have been on the lookout for ways we can “give back” to Iraq for our hopefully soon blessing with the RV of the IQD.
Today one of our Mr. IQD Friends had sent us an email alerting us of this new Kickstarter Project which only has 19 days left to contribute.
If you are not familiar with Kickstarter, it is a website that helps Entrepreneurs, Artists, Musicians and others all around the world to get their projects off the ground. It is well organized, and reputable.
We are reprinting the first part of their project’s info – we highly recommend that you go directly to their website and see at what level you can help, just $9 will help an aspiring Artist in Baghdad, so we feel this is both affordable and will be helpful.
~ Mr. IQD
Baghdad was a hub of art, science & ideas. Inspire that attitude again by sharing hackerspaces with Iraq.
Who are we and what do we do?
GEMSI works to develop engagement, service, and entrepreneurship by uniting communities of makers around the world, facilitating the creation of hackerspaces, running workshops and creating platforms for storytelling. A hackerspace is a community-supported collaborative workshop where passionate people create and share. We believe that hackerspaces can act as a catalyst to unlock creativity, inspire action, and create hope. Hackerspaces build hope by giving people access to tools and a local/global community through which people are enabled to invent their own future.
We need your help.
We need your support to extend our reach into Baghdad. Without your support we cannot run these events in Iraq:
Riwaya wa Bidaya (Oct 5): A livestream conference to share stories of everyday superheroes in Baghdad who take initiative to solve problems. We are inviting submissions until Sept 22 [apply here!] – top stories will be illustrated by a professional graphic comic book artist and published in Arabic and English.
‘Amal wa Amal (Oct 18-19): In collaboration with TEDxBaghdad, we are setting up a temporary community hackerspace to share local tools and solutions. We hope this will provide an inspiration for an ongoing community and hackerspace to develop in Baghdad.
Our previous work in Egypt
We have a track record of success at sharing maker and hacker culture in the Middle East and North Africa. Our previous backers will remember that GEMSI ran a kickstarter last October to create a temporary hackerspace in Egypt – we’re happy to say the world is a brighter place because of it! There are now at least 5 hackerspace initiatives in Egypt: Giza Hackerspace, FabLab Egypt, Cairo Hackerspace, El Minya Hackerspace, Alexandria Hackerspace. Egypt has also seen a successful making festival hosted by Fab Lab Egypt and Giza Hackerspace, and a home-brewed Cairo Maker Faire is in the works.
In addition to creating collaborative community spaces, these makerspaces offer kids the chance to learn and explore with innovative tools that are typically inaccessible: 3D printers, laser cutters, open-source electronics, and more! Supported by passionate mentors, they have the opportunity to become involved with positive making activities first-hand. The broader community and its spaces are evolving over time and both success and failure generate great lessons to be shared. One success that we are joyful to see is the creative play coming out of Cairo. The beautiful lamp below was created in a competition co-sponsored by GEMSI and run by Mahmoud, a GEMSI member, out of FabLab Egypt and Giza Hackerspace. By calling upon the community to step up to this challenge, GEMSI helped offer a unique opportunity to anyone interested and driven to create. READ MORE & LEARN MORE – LINK TO POST ON KICKSTARTER