You can do a lot with that kind of money, what has he developed so far?
A drinking problem XD
I'm kidding! Seems like a good concept, but like too many other projects, this will most likely die with the dev getting a large ICO. I hope I'm wrong, for the investor's sake.
Next time, only invest in coins holding CCOs at blocktrust.io. The devs have to deliver to get the BTC released. Funds are protected by coinkite's multisig infrastructure (so no moolah shit).