Nope you're wrong. It's 20% equity (equity is the term used to describe ownership) with 40% of revenue (at the discretion of the owner). So investors fund the start-up at 100% of required capital and own 20 % of the company and MAY get 40 % of the revenue (if and when there ever is any after paying his friends salaries etc.)
These terms do not give potential investors an opportunity to share in the upside of the company - even if the venture were successful.
Indeed your criticism if valid, and thanks for clarifying. Giving at least 30% would be more fair. But I thought it was a shame, to see successful fund-raisers on kickstarter who give 0% equity, then seeing this great concept getting blasted for giving 20%.
There's another reason one would profit for investing with Mintspare: it will give visibility to Bitcoin, and allow newcomers to receive and hold their first coins, or to spend them in the Bitcoin-economy which would be even better, thus raising the value of all of our digital assets.
Well Lynn, I'm glad they've got a sleek website because that certainly makes or breaks a company in this day and age...
When coupled with a useful concept, a dedicated and ambitious team, and the necessary funds, I believe it does, yes.