I feel for the people who invested money in 2013 and were told the project would be launched in jan 2014.
Dan keeps referring to that fund raiser as "small" yet didn't it raise more than 1000 BTC worth of funds over btc/ltc/bankwire?
If I was you Dan I would take a big chunk of Emu for yourself, IPO off some of the rest and make sure you do the original investors right.
There has been full transparency in the launch shedule and anyone who felt "cheated" were offered a 100% return of their investment or keep their investments in the project. Their investment has not vanished. They have chosen themselves to still be part of the project - even though it has been postponed alot (lets be honest).
The initial IPO did not reach 1000.
Does it really matter how much was fundraised? Noone had a reason to complain because their money was taken. Whoever wanted it back, even after the theft, got it back pretty fast. So if someone thought, this all takes to long he got the money back and could invest in whatever shitcoin.
The way the theft was handled was the fairest thing I have seen ever in the crypto world. I mean, noone could have really done anything, when Dan would have vanished BEFORE the theft. Noone could have done much either when he would have said "Sorry, but the money is gone". So the fact, THAT he paid back funds worth hundreds of BTC is a good prove that he is serious about the whole project (its one of many proves, but lets stick to the subject here).
Finally: If the dev of a great project/idea, that finally gets succesful and maybe even changes the world of economy, gets a piece of the cake, whats wrong about it? Dan works on this for almost two years now, from his own funds. As a good businessman, of course he takes a chunk, just like everyone else who makes an investment.