Crowdsource vs Open Source

I have frequently pointed out that crowdfunding means no stake and that crowdsourcing is not open source. People still get surprised each time things turn out differently to what they expected though.

Meshed Insights Ltd

The acquisition of virtual reality company Oculus Rift by Facebook was announced this week to mixed reactions. Most negative were those who had enabled the VR goggles to be created in the first place — the backers on Kickstarter who provided nearly $2.5m to see the dream become reality. One prominent backer, the founder of Minecraft creators Mojang, was especially upset, deciding that Minecraft will not collaborate with Facebook. In a blog post he wrote:

I did not chip in ten grand to seed a first investment round to build value for a Facebook acquisition.

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