Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Fig Will Let Average Folks Invest In Game Campaigns Starting In December
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.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
