Fig Will Let Average Folks Invest In Game Campaigns Starting In December

by Mike Futter on Nov 24, 2015 at 06:23 AM

Thanks to approved changes in Securities and Exchange Commission regulations, you’ll soon be able to invest in crowdfunding projects on platforms that support the initiative. Fig, founded by Inxile’s Brian Fargo, Double Fine’s Tim Schafer, and Obsidian’s Feargus Urquhart plans to set aside $1 million in unaccredited investment for its next campaign.

The developer and project for the campaign launching in December haven’t yet been announced, but you can start setting aside $1,000 to $10,000 if you’ve ever dreamt of earning a return on a small business investment. Up until now, only accredited investors ($1 million net worth and $200,000 annual income for the past two years) were allowed to participate in such efforts.

Thanks to Regulation A+ of the JOBS Act, those who don’t meet accreditation requirements can fund up to 10 percent of the greater of their annual income or net worth. The minimum amount of investment on Fig will vary by campaign, with the next project setting the lowest buy-in at $1,000. Because Fig hasn’t yet been approved by the SEC it will take non-binding reservations pending review. 

Fig has currently offered campaigns for two games. The first, Mobius Digital’s Outer Wilds raised $75,000 in investment and $51,000 in traditional crowdfunding backing against a goal of $125,000. The second game, 5th Cell’s Anchors in the Wild, fell flat. That title only raised 21.4 percent of its $500,000 funding goal, with only $5,000 coming from traditional backers.


Our Take
I urge in the strongest sense that before you decide to invest in anything, whether on Fig or via other Regulation A+ efforts, that you speak to a financial advisor. Know what you’re getting into. Know the risks. Don’t expect a return, and if you do get one, it won’t happen quickly.