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Penny Arcade - Comic - The Omniway

DogDog Registered User, Administrator, Vanilla Staff admin
edited August 2015 in The Penny Arcade Hub

imagePenny Arcade - Comic - The Omniway

Videogaming-related online strip by Mike Krahulik and Jerry Holkins. Includes news and commentary.

Read the full story here


Unknown User on
RingoQuidPLAPreciousBodilyFluidsfightinfilipinomysticjuicerVerminionZilla360kimeH3Knuckles

Posts

  • RottonappleRottonapple Registered User regular
    edited August 2015
    From the Fig website ;
    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.

    Rottonapple on
    zepherinZilla360H3Knuckles
  • Commander ZoomCommander Zoom Registered User regular
    edited August 2015
    "We promise not to give up or get bored and lay everyone off a year from now, leaving you with a half-assed shell of what we originally ... SEC regs say what? Really? Okay, so that's not actually a legally-binding promise. More like a pinky swear."

    "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."

    Commander Zoom on
    H3Knuckles
  • Talyn RahlTalyn Rahl Registered User regular
    Well... That took a very odd turn.

    Not sure why I'm surprised, this IS Penny Arcade.

    Zilla360H3Knuckles
  • QuidQuid Definitely not a banana Registered User regular
    I don't understand this comic. I don't want to. It's beautiful.

    zepherinAnarCHrisdarleysamZilla360MorninglordkimekaorticB557
  • zepherinzepherin Russian warship, go fuck yourself Registered User regular
    This is a fantastically well drawn comic. Love it.

    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?

    H3Knuckles
  • djlowballerdjlowballer Registered User regular
    I want to know the investor who thinks this is a good idea. I fit the profile but this isn't really that different from crowdsourcing to me. You get a claim on the profits of a single game but no ownership of the IP or future installments. The ownership is in an LLP that is discrete from the studio. I would rather just invest in actual equity of a studio rather than this mess.

    zepherinSmrtnik
  • Kwisatz Haderach Kwisatz Haderach The power to destroy a thing is the absolute control over it. Registered User regular
    wat

  • PLAPLA The process.Registered User regular
    Quid wrote: »
    I don't understand this comic. I don't want to. It's beautiful.

    It means it's hard.

  • zepherinzepherin Russian warship, go fuck yourself Registered User regular
    I want to know the investor who thinks this is a good idea. I fit the profile but this isn't really that different from crowdsourcing to me. You get a claim on the profits of a single game but no ownership of the IP or future installments. The ownership is in an LLP that is discrete from the studio. I would rather just invest in actual equity of a studio rather than this mess.
    This type of arrangement is really common in construction, where a jv is formed, one side finances and bonds the project while the other side performs, but in those agreements both sides try to sneak overhead into the project and buy equipment through the JV. Also profits are more evenly split, this is just high risk low reward.

  • PacMan1979PacMan1979 Registered User regular
    I had no idea what this comic was referencing, so I looked it up.

    For anyone who was in the same boat as me, here you go:

    http://techcrunch.com/2015/08/18/fig-games/

  • DemobotDemobot Lemme buzz you in Registered User regular
    That third panel. I almost didn't notice Tycho's second and third mouths.

    H3Knuckles
  • WordLustWordLust Fort Wayne, INRegistered User regular
    edited August 2015
    It looks like they already have a fair number of investors and several high tier donors. (Fig actually lets you be both an investor AND a donor simultaneously, so those might be the same people for all we know.) I don't think the investment option is there necessarily to be a sexy offer for people to make tons of money with. I think there are just some people who want to give money to projects, but would prefer to do it in the form of an investment rather than in the form of a donation. If they want to contribute to the project but don't want to invest, they can just settle for a donation.

    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.

    WordLust on
    H3Knuckles
  • DiplominatorDiplominator Hardcore Porg Registered User regular
    edited August 2015
    Demobot wrote: »
    That third panel. I almost didn't notice Tycho's second and third mouths.

    NYAAAAAAAAHwhywouldyousaythat

    Diplominator on
    BobbleTalonSE
  • djlowballerdjlowballer Registered User regular
    zepherin wrote: »
    I want to know the investor who thinks this is a good idea. I fit the profile but this isn't really that different from crowdsourcing to me. You get a claim on the profits of a single game but no ownership of the IP or future installments. The ownership is in an LLP that is discrete from the studio. I would rather just invest in actual equity of a studio rather than this mess.
    This type of arrangement is really common in construction, where a jv is formed, one side finances and bonds the project while the other side performs, but in those agreements both sides try to sneak overhead into the project and buy equipment through the JV. Also profits are more evenly split, this is just high risk low reward.

    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.

    zepherin
  • WordLustWordLust Fort Wayne, INRegistered User regular

    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.
    As the only funding platform created by gamers for gamers that offers reward, equity, and debt-based funding, the Fig team empowers developers and passionate fans alike to bring well-known franchises and undiscovered indie titles to market.

  • zaitcevzaitcev Registered User regular
    edited August 2015
    The accredited investing is one of the many hideous policies that were slipped in with lesser fanfare than Sarbannes-Oxley, but are just as destructive for American industries. And citizens will never have enough interest to get all that junk repealed. And if they do amass the interest, the political organization that aims to delete accredited investing will be branded as "special interest group".

    zaitcev on
  • fightinfilipinofightinfilipino Angry as Hell #BLMRegistered User regular
    edited August 2015
    apparently being accredited means you have four fingers instead of five?

    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

    fightinfilipino on
    ffNewSig.png
    steam | Dokkan: 868846562
    H3Knuckles
  • Twenty SidedTwenty Sided Registered User regular
    edited August 2015
    Quid wrote: »
    I don't understand this comic. I don't want to. It's beautiful.

    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.

    Twenty Sided on
    Zilla360H3Knuckles
  • QuidQuid Definitely not a banana Registered User regular
    I

    DON'T

    WANT

    TO

    Morninglordzepherin
  • hippofanthippofant ティンク Registered User regular
    zaitcev wrote: »
    The accredited investing is one of the many hideous policies that were slipped in with lesser fanfare than Sarbannes-Oxley, but are just as destructive for American industries. And citizens will never have enough interest to get all that junk repealed. And if they do amass the interest, the political organization that aims to delete accredited investing will be branded as "special interest group".

    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.

  • PlatyPlaty Registered User regular
    hippofant wrote: »
    zaitcev wrote: »
    The accredited investing is one of the many hideous policies that were slipped in with lesser fanfare than Sarbannes-Oxley, but are just as destructive for American industries. And citizens will never have enough interest to get all that junk repealed. And if they do amass the interest, the political organization that aims to delete accredited investing will be branded as "special interest group".

    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.

    zepherinH3Knuckles
  • DauntlessDSDauntlessDS Registered User new member
    Issac can just write a batch script to test all of the doors.

    RatherDashing89Zilla360cB557
  • zepherinzepherin Russian warship, go fuck yourself Registered User regular
    zepherin wrote: »
    I want to know the investor who thinks this is a good idea. I fit the profile but this isn't really that different from crowdsourcing to me. You get a claim on the profits of a single game but no ownership of the IP or future installments. The ownership is in an LLP that is discrete from the studio. I would rather just invest in actual equity of a studio rather than this mess.
    This type of arrangement is really common in construction, where a jv is formed, one side finances and bonds the project while the other side performs, but in those agreements both sides try to sneak overhead into the project and buy equipment through the JV. Also profits are more evenly split, this is just high risk low reward.

    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 can understand wanting to minimize the cost of capital. What I have a problem with is information asymmetry. It feels like the companies are trying to shaft investors. It's only a matter of time before they try to work some creative book keeping to dodge paying investors, and then try to pr lawsuits away with you are investing in a labor of love, not to make money. Fig is just a shit investment.

  • PLAPLA The process.Registered User regular
    http://www.penny-arcade.com/news/post/2015/08/21/the-omniway
    Becoming an Accredited Investor is no simple matter, and indeed, involves the renunciation of matter itself. The six “mouths” referred to previously may not be mouths at all but a sequence of six conduits one must traverse, devoured by a succession of increasingly sparse realities, until only intention remains. Then, and only then, can you fund a kinda 16-bit lookin’ indie roguelike.

    H3Knuckles
  • TwicetimesTwicetimes Registered User new member
    The writing and art in the 3rd panel might be my favourite thing they've ever done.

  • Lord_HamshireLord_Hamshire Some Highfalutin English Major Registered User regular
    The best comic Penny Arcade has ever made.

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