From the article: "To be clear, Malik isn’t talking about Kickstarter where funders make a donation that acts like a pre-order. He’s talking about the public buying stock in private companies, something that may soon be legal thanks to the JOBS Act..."
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From the article: "To be clear, Malik isn’t talking about Kickstarter where funders make a donation that acts like a pre-order. He’s talking about the public buying stock in private companies, something that may soon be legal thanks to the JOBS Act..."
I think breckinloggins's point was that people may be willing to make equity investments for reasons other than profit.
(Now I'm wondering whether startups will be allowed to offer rewards in exchange for funding, leading to more "X is not a store" backlash.)