Maybe it's too risky for $200,000. How about $5? 1400 people thought it was worth $5. Another 1000 thought it was worth $10. 2500 people - almost half the backers - gave $25. Only 600 people (10%) gave even $50.
It's also worth noting that a decent number of these donations probably came from the whole Facebook privacy scandal and wanting to stick it to Zuckerberg. Still, I hope they succeed.
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If this is enough details for raising $200,000 there's something seriously wrong with investors.
Maybe it's too risky for $200,000. How about $5? 1400 people thought it was worth $5. Another 1000 thought it was worth $10. 2500 people - almost half the backers - gave $25. Only 600 people (10%) gave even $50.
It's also worth noting that a decent number of these donations probably came from the whole Facebook privacy scandal and wanting to stick it to Zuckerberg. Still, I hope they succeed.
They're not real investors, they're assorted people on the internet not expecting any real return.
They're not investors, they're donors. I wonder which is worse...