Kickstarter Project Will Refund Your Pledge If Facebook Buys It For $2 Billion
After Facebook acquired Oculus VR, a virtual reality developer, for $2 billion, many backers who supported its Kickstarter campaign experienced a major case of donater’s remorse — mainly because they got zilch. A new Kickstarter project promises, unlike Oculus VR, that it won’t leave its sponsors in the dust.
Hypothetically, if you invested $1,000 into Oculus Rift, a gaming headset, you would have gotten a whopping $145,000 in just two years! That’s an incredible 145x return, WeFunder reports. But, for the most part, crowdfunders got nothing but a “thanks” and a pat on the back. On the other hand, Terribands, a new Kickstarter project, promises that its backers will get a refund if Facebook buys them for $2 billion.
Terribands, according to CNET, is a party-style guessing game. “You have some words attached to your headband and others try to act those words out, so that you can guess what they say,” it adds. Its catchphrase? “A Terrible Game With A Terrible Name.” Not exactly the most enticing slogan, but Terribands’ creator, Eric Calisto, does say one thing that just might boost his Kickstarter campaign: “If I get acquired by Facebook for $2 billion you will get your money back!”
Offering a refund to Kickstarter backers is a crafty move, but the loopholes are just too conspicious to ignore. What if Facebook only offers $1.7 billion? What if Facebook offers $2.2 billion? What if Google, not Facebook, acquires the terrible game with a terrible name. Calisto, a graduate student, could easily say “I said I’d only give refunds if Facebook gave me $2 billion! Sorry, tough luck!”
Calisto is hoping to that his Kickstarter campaign will raise $10,000. So far, Terribands has pulled in $840 with 23 days to go. So he’ll need $9,160 more in just three weeks to score a successful Kickstarter campaign.