Jake,

Thanks for the post. You are welcome to your opinion. I'll be working hard to make the API Network delivers lots of features that provide value to developers.

Then we disagree that this is a "raise".

The project is selling access to software. That's part of why there is a notice on the site to try and make that clear.

From the API Network Website:
"1. Participation in the API Network / XAP crowdsale will not provide you with a "security" or "equity" stake in this project. The digital token known as XAP is only useful for accessing the API Network software when its development is complete."

I appreciate your concern and I'll redouble my efforts to be transparent with the community in every project I decide to invest in and take part in.

I honestly believe this model of crowdsales can be really positive for the community and building new technology.

David A. Johnston