What To Take With You To Today’s Q&A for Portalarium’s Seed Invest Campaign
Right then.. *Looks like a deer caught in a headlight*
This topic has caused quite a stir in the Shroud of the Avatar community, and this is my first time doing a piece on it. Mainly as I have been rather busy.
Let’s break it up into three sections. What is it with my take on things, what is taking place today, and finally a LOT of information for you to check out as articles and videos.
Invest, Invest, Invest!
So the new seed program is a way to raise additional revenue for Shroud of the Avatar. As I understand it the basic gist is to raise additional funding beyond what is raised by other methods and used for current operations, in order to expand operations to include things such as Marketing as we get closer to launch.
This is done by selling company stock in which you also get possessions in the Shroud of the Avatar game. These possessions are non-play-to-win cosmetics such as land, housing, and different textures for your in-game possessions such as said houses. A golden house for example.
A lot of people are tripping out by all of this. The two bigger areas I have picked up on that are causes of concerns.
First, they revealed their current bank account balances and things of that nature. WOA! You would think people don’t understand what “lean’ is! So here’s the scoop. Portalarium has about enough in the bank to pay the bills for two months.
People are screaming “where did all of my money go”. I will have articles below you can go read, what people are saying, thinking, why, etc.. Here is my take though. I believe I remember Portalarium having always said it is running lean, that is generating enough money per month in paying that month’s operating costs, etc, etc. I personally saw no surprise here. What happened to our money? My thought is.. What do you think they have been doing this for free for the last 4+ years?
So call me dense, but.. yeah, I saw no surprise here, and no reason to be any more concerned than I would have been two years ago!
Secondly, I believe people are flipping out about why they want more money. Again, I remember them always saying things like “We pay ZERO for marketing”, “We share booths so as not to spend your money on marketing”, “When we are near launch we will look at ways to generate revenue for marketing”, “We will always be exploring new ways to generate revenue”.. and on, and on, and on. Like a mantra for years.
So.. They are doing what they always said they would do in my mind. No surprise to me.
So.. that’s my take *Shrugs*. I haven’t done a lot on this topic, in part because that is my feeling on it. It’s nothing to be surprised about, and the general unrest it caused honestly and truly confuses me.
I am not saying Portalarium is perfect, or that there may not be reasons to be concerned about the game and companies longevity or their choices. I just don’t see anything here that was a big shock to me.
Now that you have the very, very basics, what is happening today?
You probably already are aware if you care, but just in case! You have a chance to learn all you want to know!
6/14/17 at 4 PM Central Time / 5 PM Eastern
Head over and read the full details!
Lord British Invites You to Upcoming Q&A Events for Portalarium’s SeedInvest Campaign
The wrap-up! Want to do some homework before the Q&A? What are different people saying? What questions are there? What opinions? Get out your notebooks…
One of the most important links, the official Seed Invest site:
Portalarium – Series.b – SeedInvest
Watch the last telethon where this was discussed and see data!
Other Web Sites:
Garriott reassures backers after fresh crowdfunding push exposes finances | GamesIndustry.biz
Garriott reassures concerned Shroud of the Avatar fans | Games industry news | MCV
Invest $30,000 in Shroud of the Avatar to get a golden castle | PCGamesN
Update On 'Shroud Of The Avatar' From Director Richard Garriott
Garriott's Shroud of the Avatar seeks more funding – Backers are concerned
Richard Garriott Reassures Shroud Of The Avatar Backers About Their $15 Million | Kotaku Australia
Portalarium opens the books for equity crowdfunding | GamesIndustry.biz
Shroud Of The Avatar Developer Announces Crowdfunding Campaign | CGMagazine
Richard Garriott Reassures Shroud Of The Avatar Backers About Their $11 Million
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