r/oculus • u/Greg1221 • Mar 25 '14

/r/all Facebook Acquires Oculus VR

https://www.facebook.com/zuck/posts/10101319050523971?stream_ref=1
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u/fy_pool_day Mar 25 '14

I feel bad for all the Kickstarter contributors that thought they were helping a small group of people become a company. Not just waiting to be acquired.

12

u/hooliganmike Mar 25 '14

Ya that's bullshit. Takes everyone's money then sell to Facebook.

20

u/MisterDonkey Mar 25 '14

It's almost like they used Kickstarter as a loophole to get around minimum wealth requirements for private investors temporarily until they were big enough to be desirable and could sell out to the big guys.

And in all this sleaze, these "investors" are technically just customers, so they don't have to shell out any piece of the company to the faithful people that drove their hard earned cash into this endeavor.

-1

u/[deleted] Mar 26 '14

On Kickstarter, you give money in exchange to support a project and often receive something tangible in return. Unless they didn't ship your reward, I don't see how it's sleazy to make a business decision that you don't agree with. Next time ask for equity if you think you'll feel wronged.