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New crowdfunding service offers a game-focused twist on thekickstarter formula - China Herbs Male E by he ni

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New crowdfunding service offers a game-focused twist on thekickstarter formula - China Herbs Male E by
Article Posted: 12/18/2013
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New crowdfunding service offers a game-focused twist on thekickstarter formula - China Herbs Male E

Business,Business News,Business Opportunities
Kickstarter may have become the leading crowdsourcing serviceduring the past several months, but this week a new platform hasemerged to give game developers an alternative means of raising thefunds for their dream game. The platform, known as Gambitious , is the result of a partnership between publisher Devolver Digitaland the Dutch firm Symbid. It a service catered specifically forgame creators, and it plans to differentiate itself by offeringequity-based crowdfunding in addition to Kickstarter'sdonation-based model. The equity-based funding model allows interested parties to buy astake in a project of their choosing, and if all goes well, they'lltake a cut of its eventual profits. Until the American JOBS Act is enacted by the SEC, however, this functionality is onlyavailable in Europe, but the Gambitious team thinks it'll provide agreat solution for lesser-known developers or those withlarge-scale projects.

"We believe that the donations/pre-sales model is great for acertain level of game at this time, but most indies aren't going toget what they really need to get to market just from that model,"said Devolver co-founder and Gambitious partner Mike Wilson. "We believe that there will be a lot of excitement from people whocan suddenly place bets on their own instincts about games, ratherthan say mutual funds or stocks in industries they don't reallyfollow or understand. Being able to invest in your passion is arare and special experience." In addition to this equity-based model, Gambitious plans to addsupport for traditional donation-based funding sometime afterlaunch. Wilson added that unlike Kickstarter, the traditionaldonation model will be available to European users in addition tothose from America, so users from both regions will be able toparticipate even if they aren't interested in equity-based funding.

Gambitious will also include a more experimental hybrid model,which in the right circumstances, could help developers jump startprojects that are too big for something like Kickstarter, Wilsonsaid. "This is what we believe nearly every developer doing a project ofany real size/scope is going to opt for, because it will give themthe best chance of succeeding. Imagine two bars, one representingdonations on a project and one the equity raise," he said. In this model, developers can sell off a certain amount of equityfor their project and accept traditional donations.

By using this two-pronged approach,Gambitious believes teams will be able to reap the benefits fromboth crowdfunding models. "If donations go through the roof, the developer can offer lessequity if they want, or if the donations aren't moving the needleat all, they might choose to offer more." In addition, Wilson said Gambitious will try to help backers pickprojects that have the greatest chance for success. For everyproject submitted to Gambitious, teams will have to provide a roughbusiness plan that gives potential backers some insight into whatwill happen once a team receives funding. "You'll be able to tell at a glance, even before looking at thefull plan, whether the team has ever delivered a game on theplatform they are saying they will, whether they have conceptapprovals where necessary, whether they have a publisher or not (ifthey need one), are they are prototype or vertical slice or justdrawing board stage, etc," Wilson said. "One core difference you'll see with our projects is that theamount raised will be (should be, at least) truly the amount to getto the finish line.

I think some teams on other platforms areraising less than they truly need, thinking they can get more fromelsewhere later, which could result in some big disappointments." As of its debut today, Gambitious only offers its equity-basedfunding model for European backers, though Wilson told us theservice will add the rest of its functionality at Gamescom thisAugust. For more on the new service, visit the official Gambitious website . Related news: Equity-based crowdfunding platform Gambitious launching next month.

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