Happy Monday Dinarians,
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?
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