April 27, 2017 5:00 PM PDT / 10:00 AM CEST Crowdfunding for next-generation video games is as exciting as ever! Industry veterans like Gabe and Soren recently announced that they’ve sold a total of $8.3m worth of funding in the past few months. However, this doesn’t mean that there’s been an overnight success story across the board. In fact, squeaky-olarity game funding has generally been hit or miss. Earlier this year, we watched as dev funds all but disappeared from the market until more than one company offered to fund their project with actual cash. Now, most crowdfunding platforms have improved their investments process to make it easier for developers and investors alike. But what if you‘re looking to do it big-time? What if you want a project funded before its time? Well, then BANDAAMIC may be the right platform for you. BANDAAMIC is a digital media and gaming investment fund founded by two of gaming’s brightest stars – former Facebook GoFundMe execs Gabrielle Sevese and Niels Velling Lund. It combines traditional finance with the fresh thinking of an industry veteran like no other — making it ideal for pre-launch stardom and first mover advantage in new industries alike. With offices all over the world, BANDAAMIC is also one of only about 300 digital media and gaming funds available to invest in digital
What is a Bandaemic?
A bandaemic is an excess of demand for certain products or services over, or beyond, what can normally be sustainably met. In simple terms, you have an excess of demand for certain products or services, but not all of them are able to be sold at the same time. This is known as a “basket case” situation. Typically, the items or services in the “basket” are made up of millions of units, or units at a time. BANDAAMIC is a fund that aims to address the “basket case” issue by investing in unsold merchandise and other unsold inventory, in a transaction-free way. The fund’s goal is to increase the overall market’s overall profitability by purchasing and hiring back existing inventory to increase its overall list price.
How Does It Work?
Launched in 2014, the fund was designed to avoid the “basket case” issues that have plagued crowdfunding for the last few years. The fund’s primary objective is to increase the overall market’s overall profitability by purchasing and hiring back existing inventory to increase its overall list price. When pooling funds, investors will be able to buy shares of companies in the portfolio that they’re interested in. The fund’s investment methodology is based on the model of co-founder Niels Velling Lund — a former CEO of Facebook and the co-founder and CTO of Google — which is based on the idea that the best plans are built around reality.
How to Join the Bandaemic?
You can’t instantly become a member of the Bandaemic Fund because you won’t have a name or telephone number for it. The fund will be responsible for managing your shares, as well as your profit and loss and all your shareholders’ interests, for you. You’ll first need to sign up at least 60 days in advance for the required minimum investment amount. Once you’ve committed to investing at least $1,000 per year, you’ll be required to sign a release of liability. This means that your investment fund will have to hold assets in trust for you and your heirs. If you didn’t have any assets when you got into this business, the fund will provide them to you as part of the investment. After that, the investment fund will be responsible for providing you with the entity documents and financial documents that you need to close the deal.
What is the Duration of the Bandaemic?
The Bandaemic is scheduled to end in 2022. At this point, the fund will have spent $8.3m in funding, and will have distributed $0.8m to its shareholders. At the end of the fund’s term, virtually no assets will have been invested, and no investments will have been made.
Will You Be Financing a Next-Generation Game Investment Fund?
No. The fund will primarily be used to acquire and acquire-to-own assets that will be used to develop, produce, and market next-generation games. The fund will not be used to support pre-releases of existing games.
So you’ve made it through one Kickstarter, one Indiegogo campaign, and a few Fundable campaigns, and now you’re ready to get your money’s worth? We’d recommend taking a step back and looking at your success from the outside in. It’s very possible that your first foray into crowdfunding was a mistake — one that could cost you thousands of dollars in damage or lost revenue. Instead of entering the market with low-ball offers and promises of free money, it’s better to not just be professional, but rigorous in your approach to raising money for your projects.