Author Topic: Star Citizen Media Musings  (Read 299509 times)

Motto

  • Hero Member
  • *****
  • Posts: 1022
Re: Star Citizen Media Musings
« Reply #630 on: May 15, 2018, 04:47:54 AM »
I think he meant LoD  :laugh:

Just kiddin'  :wink:

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
Re: Star Citizen Media Musings
« Reply #631 on: May 15, 2018, 06:54:50 AM »
I think he meant LoD  :laugh:

Just kiddin'  :wink:

:emot-lol:
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

jwh1701

  • Hero Member
  • *****
  • Posts: 893
Re: Star Citizen Media Musings
« Reply #632 on: May 17, 2018, 07:09:43 AM »

Multicrew: A Sea of Thieves Autopsy for a Greater Star Citizen Future
https://relay.sc/article/multicrew-a-sea-of-thieves-autopsy-for-a-greater-star-citizen-future

Is Star Citizen ‘Pay2Win’?
Very long article, but I thought it was interesting.
https://relay.sc/article/is-star-citizen-pay2win

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

Star Chip

  • Newbie
  • *
  • Posts: 26
Re: Star Citizen Media Musings
« Reply #634 on: May 17, 2018, 03:41:42 PM »
Quote
Refunds aren't a consumer right
LOL I think we have passed the point of denial to full Stockholm, venture capitalist don't invest in charity for the luxury, when they cant get their money back they will make sure someone's life is ruined forever, not even Crobert can escape that. He is an outstanding idiot or a troll working for CIG.
« Last Edit: May 17, 2018, 11:17:53 PM by Star Chip »

DemonInvestor

  • Full Member
  • ***
  • Posts: 159
Re: Star Citizen Media Musings
« Reply #635 on: May 19, 2018, 04:33:35 AM »
LOL I think we have passed the point of denial to full Stockholm, venture capitalist don't invest in charity for the luxury, when they cant get their money back they will make sure someone's life is ruined forever, not even Crobert can escape that. He is an outstanding idiot or a troll working for CIG.

Not knowing jackshit about VC, you shouldn't talk about it.
1. There's a "academic" term for VCs who invest out of "charity" (angel investors).
2. VCs are more likely to accept failures than normals investors, as unproven business endeavours are simply more risky. - Rule of thumb 1 in 3 investments should work out and be big enough to cover the other 2 by miles.

But yes... investors might ruin someone who scammed them, or try it.

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
Re: Star Citizen Media Musings
« Reply #636 on: May 19, 2018, 05:19:29 AM »
Not knowing jackshit about VC, you shouldn't talk about it.
1. There's a "academic" term for VCs who invest out of "charity" (angel investors).
2. VCs are more likely to accept failures than normals investors, as unproven business endeavours are simply more risky. - Rule of thumb 1 in 3 investments should work out and be big enough to cover the other 2 by miles.

But yes... investors might ruin someone who scammed them, or try it.

Yeah, that's not what being an angel investor means. It has nothing to do with "charity".

https://www.investopedia.com/terms/a/angelinvestor.asp

Quote
What is an 'Angel Investor'
Angel investors invest in small startups or entrepreneurs. Often, angel investors are among an entrepreneur's family and friends. The capital angel investors provide may be a one-time investment to help the business propel or an ongoing injection of money to support and carry the company through its difficult early stages.

Also, all investors accept some form of risk. It doesn't matter if you're a VC or just a regular investor.

What Are the Differences in Venture Capital vs. Investment Banking?
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

DemonInvestor

  • Full Member
  • ***
  • Posts: 159
Re: Star Citizen Media Musings
« Reply #637 on: May 19, 2018, 05:14:59 PM »
Yeah, that's not what being an angel investor means. It has nothing to do with "charity".

https://www.investopedia.com/terms/a/angelinvestor.asp

Angel investor = investors not primarily interested in financial gains and more or less always in early stages. Hence the quotation marks around charity, as it's, like you rightly identified, a more encompassing title. And in the end with everything charity we could start having a philosophical debate about the existance of altruism.
Venture Capital(ist) = investments into early phases (e.g. start-ups).

Yeah don't know what you want to tell us with the risk. Relative risk is the important thing. And investing in CIG was/is more risky than investing into activision.
Not even to mention that not only shareholders carry the risk of companies.

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
Re: Star Citizen Media Musings
« Reply #638 on: May 20, 2018, 06:12:37 AM »
I still disagree. If angel investors were basically looking to give money away, they would give it to charity and take the tax write off|down.
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

StanTheMan

  • Hero Member
  • *****
  • Posts: 674
Re: Star Citizen Media Musings
« Reply #639 on: May 20, 2018, 04:04:16 PM »
SC funding has nothing to do with Angel Investors.

It is all about gamers spending money on JPEGS in the hope of getting a game at the end of it.

"They" use the term investor as a way of distancing themselves from the fact they (know they) have spent too much money on a game that hasn't been released.   

They also imagine that the money they have spent is going to afford them an in game advantage not least because CRoberts has been telling them they will get special treatment by way of owning rare ships or benefit from rare features like LTI.

Even people indulging in the idea that their Star Citizen spending is "a hobby" are deluding themselves - particularly at this point.

You don't get people referring to pre ordering a AAA game as making an "investment" even though getting into an MMORPG early does indeed often confer some advantage.

Nor do people refer to buying extra pre order content such as Collectors edition in game items as an "investment".

« Last Edit: May 20, 2018, 04:06:27 PM by StanTheMan »

DemonInvestor

  • Full Member
  • ***
  • Posts: 159
Re: Star Citizen Media Musings
« Reply #640 on: May 21, 2018, 04:38:05 AM »
I still disagree. If angel investors were basically looking to give money away, they would give it to charity and take the tax write off|down.

That's true, but i wasn't arguing that investors of SC were angel investors. I was arguing that the whole idea of VC investors are especially aggressive if one of their investments goes bad, isn't necessarily true. Angel investors is just an example of groups of people who have a different outset - e.g. charity, which doesn't nessecitate that you don't get a say on what mones is used on - than money.
It all depends more on the perception of said investory why something failed and if they can regain some of their investment. And in that they don't differ all too much from other investors.

@Stan
See above about angel investors.

Other than that even buying a game can count as investment. The benefit is most often fun. Economic theory shifts around a lot when talking about values and finance isn't the only field. Not even to mention the biggest investment they made is an emotional one...

Nonetheless, in kickstarters you've got this wonderful goalpost shifting between buyers, investory, patrons - always depending on what people are currently arguing for.

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
Re: Star Citizen Media Musings
« Reply #641 on: May 21, 2018, 08:01:16 AM »
SC funding has nothing to do with Angel Investors.

It is all about gamers spending money on JPEGS in the hope of getting a game at the end of it.

"They" use the term investor as a way of distancing themselves from the fact they (know they) have spent too much money on a game that hasn't been released.   

They also imagine that the money they have spent is going to afford them an in game advantage not least because CRoberts has been telling them they will get special treatment by way of owning rare ships or benefit from rare features like LTI.

Even people indulging in the idea that their Star Citizen spending is "a hobby" are deluding themselves - particularly at this point.

You don't get people referring to pre ordering a AAA game as making an "investment" even though getting into an MMORPG early does indeed often confer some advantage.

Nor do people refer to buying extra pre order content such as Collectors edition in game items as an "investment".

Agreed. Also, those with a passing command of the English language, know what they mean by "invested" when referring to their backing/pledge. It's pretty much the same one could say "I'm invested in my education". On the other hand, a bunch of dumb asses then take that ball and run it off a cliff by referring to themselves as investors - just because they have lots of money in the project.

Backers are not investors, unless and until they have an investment agreement (like Mike Nightingale aka Bootcha) with CIG or one of its companies.

Money put into the project, can be called whatever they want (pledge, donation, charity etc), but it doesn't matter because according to the law, they're paying for a product and, unlike investors (who have to accept risk on ROI), expect a product in return.

The only investors we know of, are the original angel investors (e.g. like Bootcha), and other late stage investors who probably didn't cash out like Bootcha.

Banks who lend them money, are not investors - they are lenders who hold collateral (e.g. the NatWest and Coutts loans in the UK) in exchange for the loans.
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
Re: Star Citizen Media Musings
« Reply #642 on: May 21, 2018, 08:03:38 AM »
That's true, but i wasn't arguing that investors of SC were angel investors. I was arguing that the whole idea of VC investors are especially aggressive if one of their investments goes bad, isn't necessarily true. Angel investors is just an example of groups of people who have a different outset - e.g. charity, which doesn't nessecitate that you don't get a say on what mones is used on - than money.

It all depends more on the perception of said investory why something failed and if they can regain some of their investment. And in that they don't differ all too much from other investors.

I see. Well yeah, that makes more sense. Regardless, investors - regardless of type (angel, series A, B, C etc) - don't put money into something, not expecting some kind of ROI.
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4879
    • Smart Speak Blog
« Last Edit: May 29, 2018, 08:14:51 AM by dsmart »
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

Motto

  • Hero Member
  • *****
  • Posts: 1022
Re: Star Citizen Media Musings
« Reply #644 on: May 29, 2018, 05:16:58 AM »
In their desperate, and probably final, attempt for cash, they've made complete fools of themselves. There is no justification for this move and everybody will see it for what is is, a pure cash grab that can only mean that all the money is gone. There is no other way to look at this. Even the types like Joe Blobers know it. Anyone that doesn't, has the brain of a paramecium. To be fair, several parameciums have stated that Star Citizen is a scam...

So Derek, one week left?

 

SMF spam blocked by CleanTalk