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Op Ed

Gamasutra - Black Isle is a great case study in how to NOT crowdfund your game.
Even if you decide to look past all of this shadiness, it's pretty impossible not to raise a critical eyelid at the crowdfunding scheme itself.

Where it has become common practice to offer backer rewards for those putting funding toward your game, Black Isle has decided this isn't necessary. If you pledge $10, you'll be granted access to a special Black Isle forum. If you put down $20, they'll even let you post on the forum.

There is no way to receive a copy of the game by pledging -- even if you decide to put down $10,000 -- because the money isn't actually going towards a game at all. In fact, the money will be used to build a prototype, which Black Isle will then show to investors in the hope of gathering up moolah elsewhere.

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14. Re: Op Ed Dec 23, 2012, 18:18 Dev
 
Further info:

The site seems to heavily discourage copy/pasting. Even in firefox with noscript, I can't seem to copy paste.
Also amusingly, a friend with adblock says it blocks out huge amounts of the site, perhaps the stuff from invested.in ?
Clicking on updates reveals such gems as:

This is a real effort at creating a game
They also talk about how they really only want to communicate with people who aren't naysayers, and they are determining that by who donates.
The 2nd update goes into some weird rant about how you shouldn't donate money because you might cause people to get depressed over how the world didn't end. I think they were trying to be funny with that one.
Update 3 talks about how every player is in charge of a community, they mention mayor and city planner, then talk about how you will have to do missions in addition to that. They also mention how they've had to throw out previous work (masthead's fallout efforts?) and starting from scratch, and are going to avoid anything looking like desert.
 
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