The new crowdfunding site Fig, which launched today, is focused on helping indie game developers bring projects to fruition—but it’s offering a lot more to potential investors than just free games and T-shirts. It wants to give you the chance to invest in games directly for royalties.
This is a direct answer to one of the criticism of crowdfunding, which is that a game blowing up on Kickstarter and the like could result in a developer being acquired, while those who helped get the company noticed don’t benefit in any way financially. Although the first few projects on Fig will only allow accredited investors to invest, the company is moving to open up investments to the public later this year.
“We put a structure together. We are working really closely with a law firm and the SEC to figure out how we can open that up to all un-accredited investors as well. And that is not too far off. So that every game that is on Fig, anybody can invest in,” Fig CEO Justin Bailey tells Fast Company.
Read the full article at Fast Company.