This is certainly a risky proposition seen as an investment. However seen as a support for a really smart bunch of people with very ambitious plans for a Web 3.0 system it makes total sense.

The original investors might not make any money on this but similarly to the dot-com boom a lot of goood stuff may eventually come out of this.

Overall though this kind of pseudo-IPO shows more and more how easy and quick it is to raise substantial funds in a very short time without going through all of the expensive hoops of a traditional IPO.

We will be seeing lots of these type of fundraisers in the near future - showing how much the crypto world can overcome the institutional barriers in the failing world of fiat.

Soon perhaps raising $100 million plus in BTC fundraisers like this will no longer be surprising.

As it seems so  easy and direct just to use BTC to fund-raise, why did Maidsafe need to include Mastercoin and why did Swarmcorp need to include Counterparty?