Crowdfunding Definitions

Anyone else notice that I’m very interested in crowd funding games lately?  Yeah.  Fortunately I’m not hooked on spending money I don’t have funding them.  Some people have problems.  Over the next few weeks that should shift towards the funding on game companies.  Lets go over some terms, as I use them, to clarify things.

One of the two big crowd funding websites.  Notable because they allow some projects to complete without reaching a set goal.  Also they have fewer game design projects, and many more art projects.  Still a viable place to fund indie game development.

One of the two big crowd funding websites, notable because of the pass/fail programs.  Campaigns cannot chose an option that allows them to get whatever funds are completed, the campaigns must reach their goal.  This site is more popular among the indie and some mainstream game developers.

Open Crowd funding
A project which independently creates and runs it’s own crowd funding campaign, without using a service like Indiegogo or Kickstarter.  This is a rising trend among AAA game developers.

Equity Crowdfunding
The really neat kind of crowd funding, promised in the JOBS ACT.  Also called Accredited Crowd Funding because Accredited Investors will be able to provide money to start up companies, in exchange for ownership of the company.  They most likely will not get swag as well…  But we shall see.

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