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.