Woz Has Stopped Contributing To Crowdfunding

Steve Wozniak, the other Steve founder of Apple, is down on crowdfunding.

He’s supported many campaigns in the past but complains that by the time he receives the product “they either didn’t work or didn’t do things as well as other options I have, or were kind of duds in my mind, or I didn’t have time for them.”

Moreover, he’s upset that the companies are not transparent with how the money raised was spent; there’s no accounting for the use of proceeds. So, the Woz has stopped crowdfunding projects for now.

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
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