BlackBanditSho
Member
Grand opening, grand closing.
I was excited when FIG, a rival crowd-funding service to kickstarter catering exclusively to videogames and allows contributors to get a percentage of the game's profits, opened to the public today. Since the Veronica Mars success story, I've been secretly hoping for something similar for movies, but gaming was just as good.
So when you read the fine print at the bottom of FIG's page, it says:
The securities offerings posted on this site are only available to "Accredited Investors" and each investor will be required to provide supporting documentation evidencing their accredited status.
Ok. I'm thinking, cool! What does it take to become an accredited investor?
I don't make much money, and I'm older, with a freelance career, a family, and no real job security. The idea of finally being able to invest in projects that I believe in (sure, it's a gamble), sounds like something I can win at! I know the gaming industry pretty well, and it would be awesome of years of that knowledge and experience would be good for something, finally.
Unfortunately, the SEC requirements for becoming an accredited investor stopped the game full press.
Apparently, you have to make an income of $200k for two years straight prior to application (or $300k with spouse), or a net worth of over 1 MILLION dollars.
It's becoming obvious that, regardless of marketing spin, these systems aren't set up for those without incredible capital to ever get financial independence.
For the businessmen of GAF, what are the options for people that want to begin a small business, or invest in something to increase annual revenue? I've been following the long-term investment thread, but I'm looking for something that I can invest in now in order to pivot the direction things are headed toward now.
When I break down the numbers, even making 100.00 a day in passive income is life changing. I've saved up about 10k, but that's HARDLY enough to start any kind of business with. I thought FIG would be something worthwhile, but the rules of the country says otherwise...
I was excited when FIG, a rival crowd-funding service to kickstarter catering exclusively to videogames and allows contributors to get a percentage of the game's profits, opened to the public today. Since the Veronica Mars success story, I've been secretly hoping for something similar for movies, but gaming was just as good.
So when you read the fine print at the bottom of FIG's page, it says:
The securities offerings posted on this site are only available to "Accredited Investors" and each investor will be required to provide supporting documentation evidencing their accredited status.
Ok. I'm thinking, cool! What does it take to become an accredited investor?
I don't make much money, and I'm older, with a freelance career, a family, and no real job security. The idea of finally being able to invest in projects that I believe in (sure, it's a gamble), sounds like something I can win at! I know the gaming industry pretty well, and it would be awesome of years of that knowledge and experience would be good for something, finally.
Unfortunately, the SEC requirements for becoming an accredited investor stopped the game full press.
Apparently, you have to make an income of $200k for two years straight prior to application (or $300k with spouse), or a net worth of over 1 MILLION dollars.
It's becoming obvious that, regardless of marketing spin, these systems aren't set up for those without incredible capital to ever get financial independence.
For the businessmen of GAF, what are the options for people that want to begin a small business, or invest in something to increase annual revenue? I've been following the long-term investment thread, but I'm looking for something that I can invest in now in order to pivot the direction things are headed toward now.
When I break down the numbers, even making 100.00 a day in passive income is life changing. I've saved up about 10k, but that's HARDLY enough to start any kind of business with. I thought FIG would be something worthwhile, but the rules of the country says otherwise...