...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%.
That's because people *donate* money to Kickstarter projects. Just like they do to a bum, Salvation Army or the guy playing slide dobro on the subway. The Florida d00d passes this off as an investment. If he billed this absurdity as performance art, fewer people would laugh.
exactly. this is the sort of "prospectus" or "business plan" that you take to your rich uncle and hope that he funds because it looks like you might finally be turning your life around. this is not an investment opportunity to take to the public-at-large.
my personal mandate here is to try and create some financial literacy so that the btc economy can have more credibility more investors and consumers alike.
my hope would be that people would eventually come to the market with fair deals for investors because the community of investors demands it because they are knowledgable, read the materials and understand the parameters.
i think the case here with mintspare should be used as an example of how not to approach the market . . . with a poor and wildly optimistic business plan that offers terrible terms to any potential investors. . . whether the idea (or website) are good or not, is irrelevant. the terms (and business plan) are lousy making it a very poor investment. . .