KickStarter Fig - a new equity-based crowdfunding platform - shut down, RIP

[Ninjerk]

What a boring interview! Like I care about this suspicious as fuck equity based shit or want to hear how many million dollars that other Star Scammer Chris Roberts managed to screw naive people off (US$ 30 from me). Who cares about iOS unless money grubbing hacks? Lost respect.

Just tried reading the bits for info on PoE, but nothing NOTHING new or interesting.

Show have gone the tl;dr direction and saved myself of the trouble.

 

[Infinitron]

If the Codex could somehow collectively incorporate as an "accredited investor" and still get the same kind of deals we've had before for our fundraisers, we could essentially offer our users "free" games. Donate to the Codex fundraiser for a particular game and get your money back N years later, with the Codex raking in the interest.

In before jew jokes.

Wait a minute... http://www.gamasutra.com/view/news/...adds_investing_to_video_game_crowdfunding.php

The most notable thing about Fig, however, might be that it offers equity crowdfunding -- its model is to "always have investment available," says Bailey. (Gambitious has also explored the complicated equity crowdfunding space.)

The lead investor in each project will negotiate the terms of the investment -- which will then be passed on to the investors who sign up on Fig and follow suit. Minimum investments will be high -- in the thousands of dollars -- particularly in the initial projects, but Bailey foresees a future where fans set up trusts to invest in games collectively.

 

[Immortal]

The most notable thing about Fig, however, might be that it offers equity crowdfunding -- its model is to "always have investment available," says Bailey. (Gambitious has also explored the complicated equity crowdfunding space.)

The lead investor in each project will negotiate the terms of the investment -- which will then be passed on to the investors who sign up on Fig and follow suit. Minimum investments will be high -- in the thousands of dollars -- particularly in the initial projects, but Bailey foresees a future where fans set up trusts to invest in games collectively.

My Hebrew is a little rusty.. what does it mean?!

 

[28.8bps Modem]

It means RPG Codex mutual fund. Incline your portfolios with investment in all the best turn based, text heavy RPGs. Portofolios may decline as well as incline. Past Fallouts are not guarantees of future Arcanums.

 

[abnaxus]

I'd have called it Ponzi.

 

[I'm Big Into Anal]

 

[JamesDixon]

I wonder what the US Securities and Exchange Commission thinks about this?

 

[vonAchdorf]

So it's basically a VC company with some pleb donators reducing the risk for their millionaire friends accredited investors? Normal people pay and the 1% reap all the eventual profits – sounds like real life.

 

[Jarpie]

This is the end of The Age of Incline, was fun while it lasted. I can't believe they teamed up with Schafer and the Indiecade/Indiefund, if Obsidian and Fargo would have any sense they should know that A) they are shady as hell and B) Schafer's reputation is in the mud.

 

[J_C]

This is the end of The Age of Incline, was fun while it lasted. I can't believe they teamed up with Schafer and the Indiecade/Indiefund, if Obsidian and Fargo would have any sense they should know that A) they are shady as hell and B) Schafer's reputation is in the mud.

Hahahahaha. People are sure tryhard on the Codex. Also Stuid. This has nothing, NOTHING to do with incline or decline, because 1) indie devs can still and will use kickstarter for their indie games and 2) Schafer's reputation has nothing to do with the success of this platform. Schafer is not pitching his own games, people will decide if they invest or not based on the pitches made by other studios.

Guys, please don't act like a retard. Hate on Tim, on Double Fine as much as you want, but use your tiny brains a little and don't make up theories which make no sense.

If this platform will be successfull, it will be good for everyone, and if it fails, it won't matter more than the failure of a few KS projects. Because there were failed kickstarters, yet KS is still doing okay.

 

[Chamezero]

you are literally and actually the biggest faggot that has ever lived in this galaxy

 

[Zombra]

Why the fuck would you have the literal inventor of Snake Oil sponsoring your crowd sourcing.

The "literal" inventor of snake oil has been dead for at least 100 years. God you are sloppy with language.

 

[J_C]

you are literally and actually the biggest faggot that has ever lived in this galaxy

I know it hurts that I'm right again, but just deal with it.

 

[Jarpie]

Hahahahaha. People are sure tryhard on the Codex. Also Stuid. This has nothing, NOTHING to do with incline or decline, because 1) indie devs can still and will use kickstarter for their indie games and 2) Schafer's reputation has nothing to do with the success of this platform. Schafer is not pitching his own games, people will decide if they invest or not based on the pitches made by other studios.

It can affect the success if enough people won't put money into the campaigns knowing that Schafer and Indiecade/-fund are involved...I'm not tryhard, I'm just shitposting you cuck.

 

[J_C]

.I'm not tryhard, I'm just shitposting you cuck.

Oh, in this case I'm sorry.

It can affect the success if enough people won't put money into the campaigns knowing that Schafer and Indiecade/-fund are involved

There are no masses of people outside of the Codex who are butthurt about Tim. People here think that the Codex's opinion = mainstream opninion, but this is not the case.

 

[Jarpie]

Oh, in this case I'm sorry.

There are no masses of people outside of the Codex who are butthurt about Tim. People here think that the Codex's opinion = mainstream opninion, but this is not the case.

There are plenty of people outside rpgcodex who are butthurt about him and Broken Age, and do you work for him, or do you just cuck for him for free?

 

[Irenaeus II]

There are plenty of people outside rpgcodex who are butthurt about him and Broken Age, and do you work for him, or do you just cuck for him for free?

You should read his posts on the Broken Game thread.

 

[Chamezero]

or his retardoed thread

 

[DeepOcean]

About the Equity part, I think it will hardly make a significant difference to crowdfunding for them to make AAA games any time soon but it will make those 10000 pledges more common as on a game selling like 400.000 copies, taking your 10000 money back is possible, this is more like some method for allowing loaning from investors that are already sympathetic towards kickstarter but aren't willing to throw 10000 hard earned dollars with no payback on videogames.

 

[Morality Games]

About the Equity part, I think it will hardly make a significant difference to crowdfunding for them to make AAA games any time soon but it will make those 10000 pledges more common as on a game selling like 400.000 copies, taking your 10000 money back is possible, this is more like some method for allowing loaning from investors that are already sympathetic towards kickstarter but aren't willing to throw 10000 hard earned dollars with no payback on videogames.

Maybe not *right away*, but I'm reasonably sure they want to make these iii games ASAP. Wasteland could be fairly easily transformed into a New Vegas style of game, for example.

Note Fallout games sell 10,000,000+ copies and Elder Scrolls sell 20,000,000+ copies. If a Wasteland game in the style of New Vegas sold only 2,000,000 copies for 50-60$ a piece and cost 10-20,000,000 to make, you still made 5-10x as much in revenue.

And therefore a $5,000 investment could become a

 

[Sitra Achara]

In b4 metacritic scandals (well, if it ever gets off the ground, which it won't)

 

[Infinitron]

Maybe not *right away*, but I'm reasonably sure they want to make these iii games ASAP. Wasteland could be fairly easily transformed into a New Vegas style of game, for example.

Note Fallout games sell 10,000,000+ copies and Elder Scrolls sell 20,000,000+ copies. If a Wasteland game in the style of New Vegas sold only 2,000,000 copies and cost 10-20,000,000 to make, you still made 5-10x as much in revenue.

"III" isn't "AAA".

If we're talking about inXile and Obsidian, I think the first thing they'll want to do is reach a Larian level of success with one million sales. Then they can start thinking about New Vegases and Elder Scrollses.

 

[J_C]

There are plenty of people outside rpgcodex who are butthurt about him and Broken Age,

Enough butthurt to make a difference? I don't think so.

and do you work for him, or do you just cuck for him for free?

Just for free.

 

[StaticSpine]

It means RPG Codex mutual fund. Incline your portfolios with investment in all the best turn based, text heavy RPGs.

 

[Crooked Bee]

I still can't get over how stupid of a term "III" is.

It means RPG Codex mutual fund. Incline your portfolios with investment in all the best turn based, text heavy RPGs. Portofolios may decline as well as incline. Past Fallouts are not guarantees of future Arcanums.

Haha, I wonder if we can raise enough to get onto one of those investor tiers for a future Obsidian game (and what that would mean in practice). That would be amusing, if nothing else.