Crowdfunder Gets Amazon Buyout

Another crowdfunder has hit it big, leaving its donors in the proverbial dust.

Blink, one of the first wireless security cameras, raised $200,000 in a Kickstarter crowdfunding campaign back in 2014, later to raise up to $1 million there pre-selling its evolving camera technology.

Since it sold product rather than stock, it was able to “bootstrap” its evolution into a financial giant.

Today, it has been announced that Amazon has bought Blink for an undisclosed price.

But you can bet that the price was high. And those donors who risked their cash in the first crowdfunding round will get nothing (but a product that is probably now almost obsolete).

Shades of Oculus Rift and Facebook. 

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:
This entry was posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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