Blaine
Cis-Het Oppressor
I take it this hasn't been posted yet?
concern trolls
I take it this hasn't been posted yet?
DF doesn't run fig. Saying that makes as much sense as saying that Obsidian/inXile wants to run fig into the ground.I'm pretty sure Double Fine is intentionally trying to run itself into the ground with this game, there is no way most of these investors are getting a good return I don't think they can sell shares either. Hopefully a good game comes out of this.
I'm sure they do. That's why they are struggling to stay afloat nomatter what, so they can go bankrupt intentionally.I'm pretty sure Double Fine is intentionally trying to run itself into the ground with this game
Turn off your brains and turn up your love and nostalgia for the man who definitely didn't lie to you and rip you off
[..]fig's legal structure.
Literally 100% of PE firms I audited had complicated legal structures.
These PEs are a cancer on society overall, but a legal one. Hence why the "spirit" is dead.
These are some real questions that most investors should ask themselves, but I think hardly any of the gaming crowd has bothered to even think about it.
If nobody was dumb enough to believe stupid shit, they simply wouldn't exist since there'd be nobody to fuck over
I mean, wouldn't you read up on what kind of PC you want before buying? And isn't the consumer's fault if they don't and they get something that doesn't fit their needs?
Society and laws are there also to protect the weak and the dumb, otherwise it's just a jungle, no laws, and everyone who can fuck everyone else who can't.
That's why in some countries some people are trying to push "plain language" system for laws, so that everyone can actually understand laws they are supposed to live by everyday.
Investing is complicated. Accounting is complicated. I have a master's in accounting. And there's no way for me to explain complex accounting rules without losing a lot of the important nuance that surrounds it. So in using "plain language" you begin to give the illusion that things are not as complex as they are. In which case it begins to have the opposite effect as intended. Shit IS complicated. That's why it's complicated.
Anyhow, I think my main point here is that complexity does not necessarily equal purposeful obfuscation. However, complexity can definitely aid in said obfuscation if the company so desires it. So yeah.That's what I'm trying to say, and that's why the video is a bit premature in its presentation of fig's structure.
I very much appreciate your actually making valid criticisms of the video's message, rather than spraying fan-skunk everywhere as some are wont to do. However, I do have one partial rebuttal: Selling "investments" to everyday people, almost all of whom you can be sure don't have the expertise (nor the means to hire someone with that expertise) to properly understand just what they're getting into, is a bit shady in and of itself.
Should you blame Fig for using existing law? Meh, maybe or maybe not depending on your ethical opinion.
You should blame Fig, because the economic rationale of this whole thing is fleecing the stupid.
Should you blame Fig for using existing law? Meh, maybe or maybe not depending on your ethical opinion.
I read your entire post, but want to respond to this specifically.
There is no free lunch in a sidecar investment, hence why and what are they offering?
If they could achieve the promised returns why not keep everything to themselves instead of allowing the average Joe to join, especially now that issuing debt is way cheaper than equity issuance or profit sharing agreements?
it's akin to venture investments in spirit but unlike limited partners, the average Joe doesn't have nearly enough money or expertise to play the game, yet they are voluntary catering to those people.