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Penny Arcade - Comic - The Omniway
Dog
Registered User, Administrator, Vanilla Staff admin
Registered User, Administrator, Vanilla Staff admin
Penny Arcade - Comic - The Omniway
Videogaming-related online strip by Mike Krahulik and Jerry Holkins. Includes news and commentary.
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How do I qualify as an accredited investor?
Generally speaking, for an individual to qualify as an accredited investor, you must have a net worth of at least $1 million (excluding your primary residence) or have an income of at least $200,000 each year for the last two years or a combined income with your spouse of at least $300,000 each year for the last two years and have a reasonable expectation of earning the same amount this year. For the full definition, you can visit the Securities and Exchange Commission’s site.
So....I guess Gabe and Tycho are doing pretty good off this little website?
Also, that last panel, the melty Tycho, the depth of field.
"So anyway, we're launching this in two parts. Part one, you give us your money. And then later, when part two is ready, that's when you get your money back."
Not sure why I'm surprised, this IS Penny Arcade.
Also I feel like if PA actually wanted to invest in a gaming company, they would just have Khoo call the Devs up and negotiate terms. Wasn't that literally his old Job?
It means it's hard.
For anyone who was in the same boat as me, here you go:
http://techcrunch.com/2015/08/18/fig-games/
I dunno, I think there are some things that may need to be ironed out, but I like the general cut of its jib. The idea of showcasing only 2 or 3 games a month is a good idea, and the fact that all of the games on the fig platform have to be reviewed and vetted (to reduce the risk of projects by incompetent creators who don't know what they are doing and are about to steer the money ship into an iceberg), and then the fact that fig also offers ongoing advising throughout the campaign and development---that all sounds like a decent upgrade to current game crowdfunding to me.
I don't know yet if it will catch on, but it is at least interesting. I'm watching it to see how it develops.
NYAAAAAAAAHwhywouldyousaythat
Interesting. I guess what bothers me is that all of these crowdfunding ideas are trying to get around the cost of capital. Even this "investment" is an attempt to skirt the high cost of issuing equity. Issue debt or issue shares in your business if you really believe in it.
I'm not sure if this is exactly what you had in mind, but the about page for the site indicates that debt-based funding either is or will be available.
edit: i could've sworn Gabe starting drawing the main characters with five fingers a while ago.
double edit: this comic is damn awesome on the writing and artwork ends.
triple edit: yeah i guess there's some variances? http://www.penny-arcade.com/comic/2015/08/10/its-still-too-late
steam | Dokkan: 868846562
Tycho is a wizard teaching the young greenhorn, Gabe, the ways of planeswalking and other such arcane matters. Death is merely a doorway for wizards like him.
Excepting instead of wizarding, it's actually investing. In a video game thingamabob.
DON'T
WANT
TO
Can you explain more about what this accredited investor status is? Is it basically that these investors get ... fewer protections? Or more? I'm confused.
http://www.investor.gov/news-alerts/investor-bulletins/investor-bulletin-accredited-investors
If you cannot demonstrate a certain net worth, all your investments have to be registered with the SEC. I think the purpose is to better protect those investors from risks associated with unregistered investments, but it still seems like a very ugly law which divides Americans into legal classes based on their wealth and closes off portions of the financial market to those who cannot become accredited investors.