Re: [tlug] A Crowdfunding Crash

[David Blomberg <dblomber@example.com>]

On 7/31/13 7:50 PM, CL wrote:
> This topic was discussed on The List a while ago and I thought the story
> of a Kickstarter project that crashed spectacularly would be of
> interest.  For those who do not have Gizmag subscriptions (shame on
> you!) the story is here:
>
>    http://www.gizmag.com/kickstater-disaster/28514/
   The part I find amazing is people going ape over losing 100$ for 
this.   I lost thousands to BS 401Ks and the failure rates of 
kickstarters is not that far off from normal businesses.

   I might be able to get worked up about failed kickstarts, after the 
(educated and trained) bankers that caused the last downturn get 
prosecuted.  Until then this is closer to what stocks were designed for 
than what that whole mess it is these days.