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Submission + - Silly Rabbit, Kickstarter is for Tech Billionaires! 3

theodp writes: A few weeks ago, the NY Times examined whether it was ethical for actor Zach Braff to use Kickstarter to ask the public to finance his movie. But that's nothing compared to the chutzpah of billionaire-backed Planetary Ventures, which GeekWire notes is making a plea for $2M in Kickstarter funds for an ARKYD 'public' space telescope (Kickstarter pitch). 'Alien planets are out there and Planetary Resources needs your help to find them,' the company explained as it announced its crowdfunding goal. Hey, you didn't expect Planetary Ventures investors like Larry Page (net worth $23 B), Eric Schmidt ($8.2 B), Ross Perot Jr. ($1.4 B), K. Ram Shriram ($1.65 B), and Charles Simonyi ($1 B) to foot the bill, did you? Isn't it enough that they've agreed to allow $10,000+ Kickstarter donors to mingle with them at two future events? So, is this another example of what Dylan Gadino calls Kickstarter abuse?
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Silly Rabbit, Kickstarter is for Tech Billionaires!

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  • Let the people decide where to put their money. That's the whole point of crowdfunding in the first place.

  • Ooops....Planetary Resources is the asteroid mining company backed by Google execs; Planetary Ventures is a Google company that plans to develop NASA real estate.

  • >> Alien planets are out there and Planetary Resources needs your help to find them

    Wait aren't all planets except Earth "Alien" planets by definition? ....and why do we need to find them?

"In the face of entropy and nothingness, you kind of have to pretend it's not there if you want to keep writing good code." -- Karl Lehenbauer