There are some misconceptions among the public about crowdfunding and the result of taking part in certain fundraising opportunities. Deals like Oculus Rift have been calling further attention to crowdfunding. The Huffington Post and Gawker recently published articles such as, "I backed Oculus Rift on Kickstarter and all I got was this lousy t-shirt." Facebook just purchased Oculus VR, the virtual reality company, for $2 billion. The firm raised money from nearly 10,000 individuals but none of these backers have or will see a cent of the $2 billion. If these individuals had chosen to back a deal for equity instead of a reward, this story could have been very different. Equity-based crowdfunding is currently only available to accredited investors. That is soon to change through Title III of the JOBS Act, which is soon to be passed.
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