Crowdfunding Suckers?

Sorry, you 9,522 “backers” of Oculus Rift who donated $2,437,429 in its Kickstarter crowdfunding campaign in September 2012.

The Facebook acquisition of the company closed yesterday and you won’t get to share in the $2 billion in cash and stock, with another $300 million contingent on performance. Facebook also agreed to pay $400 million of the acquisition cost in cash, with the remainder made up by 23.1 million shares of Facebook stock. If only you had bought stock…

Virtual reality, indeed.

 

 

 

 

 

 

 

 

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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