I agree with eveything you said especially about the entertaining videos. But..We all have our preferences but I doubt that yours represent a significant %. The main question is why the vast majority of people backed WL2 and Torment (or why KS has become such a successful new thing in the first place). It's not a form of traditional investment with reason, accountability, and due diligence. It's because it's an exciting thing to do for most KS members and Fargo does a good job entertaining them with his videos. They don't do it to help him out, they do it because it's "fun" and they want to be part of it.I'm an example of someone who doesn't want a 4th campaign without at least 2 delivered products and one in the production phase.
As soon as somebody parts with $30k they'll be funded.
That's probably not true. If Fargo and Co wouldn't care about the investment part and only cared about the pledges, chances are they wouldn't have established Fig. Fargo is a business man, I'm sure he knew that all of their backers won't migrate to this knew platform. The sole existence of fig means that they want the investments of rich people and they reached this with flying colors. They are getting funded in a few hours. And seeing that the pledges are only at 600K, it means they did great with Fig. Even though KS is more popular, they would have only gotten around 700K on it by this time. With FIG, they are funded. I'm sure they are happy with this and they will collect more money this way than they would have on KS.Also I don't think that Fargo and co are very happy with the results. The plan for them was always to keep their free part (the KS one) and to add to that private investments. If the KS part goes belly up, it's not doing great at all.
Are so many people investing instead of pledging?
Can anybody invest?
Weird.
Edit: I figure they must have expected more than 600k in pledges by now, though.
I wish... W1 was wacky, Gamma World was wacky... W2 is just a bunch of regurgitated genre cliches. If you take all post-apoc games/movies out there and chart the most tired tropes, you get W2.My impression is that Inxile likes the 'Wild Wasteland' anything goes style of worldbuilding.
Of course they would be happier if every time they got 3,5 million on pledges. But Fargo is smart enough to notice that the big kickstarter projects dried up, he probably couldn't get that kind of money now. So he and his partners found a way to get some funding in another way. Even if that means that in the future he has to pay back some dividents for the investors.That's probably not true. If Fargo and Co wouldn't care about the investment part and only cared about the pledges, chances are they wouldn't have established Fig. Fargo is a business man, I'm sure he knew that all of their backers won't migrate to this knew platform. The sole existence of fig means that they want the investments of rich people and they reached this with flying colors. They are getting funded in a few hours. And seeing that the pledges are only at 600K, it means they did great with Fig. Even though KS is more popular, they would have only gotten around 700K on it by this time. With FIG, they are funded. I'm sure they are happy with this and they will collect more money this way than they would have on KS.Also I don't think that Fargo and co are very happy with the results. The plan for them was always to keep their free part (the KS one) and to add to that private investments. If the KS part goes belly up, it's not doing great at all.
Selective reading.
Investment is money they have to return at one point. Of course they are looking for that money, they are doing this scheme after all, but you won't tell me he's happy that his free KS money is evaporating at the same time. It's too soon to judge, but if the number of pledgers is inferior to 30 000 backers, he has lost more than half of its support and that is not a good result at all.
The sole existence of fig means that they want the investments of rich people and they reached this with flying colors.
You must have an annual income of at least $200,000 or have a net worth in excess of $1 million to be able to invest in this round of funding; any member of the "middle class" should meet those requirements pretty easily.
People who don't qualify will be able to reserve at most $3,000 in shares, but they won't be able to buy them until the campaign is over. I assume these reservations are already being counted as part of the total right now, since there's a hard investment cap.
That's sarcasm right? According to census bureau there are about 3.7M people that make 200k or more per year, so it's not that common. Likewise, share of households (not individuals) having net worth over 500k is 13.5%.Are so many people investing instead of pledging?
Can anybody invest?
Weird.
Edit: I figure they must have expected more than 600k in pledges by now, though.
You must have an annual income of at least $200,000 or have a net worth in excess of $1 million to be able to invest in this round of funding; any member of the "middle class" should meet those requirements pretty easily.
Well, he's German, so I have reasonable doubt that everything should be taken at face value.Bubbles sarcastic? Never.
If he meant "Paypal works the way it always does", that would hardly merit a tweet, would it?