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Mike Capps Leaves Epic Entirely

In a post on Facebook Michael Capps announces he is completely parting ways with Epic Games, after indicating he would be serving the company in an advisory role when he announced late last year he was stepping down from his post of president of the studio (thanks VideoGamer). "When we announced that I wanted to transition out of my leadership role at Epic, the plan was for a continued but less active role, service on the board of directors, and ideally, being that eccentric semi-retired guy who still comes to playtests and gold parties," writes Capps. "Im sad to say that plans have changed, and as of February 11th, Im no longer affiliated with Epic Games." Besides burping his impending baby, Capps says he is "considering seats on a few company and advisory boards" (which sounds similar enough to his most recent role at Epic that it suggests questions about the departure), is "proud to serve as an advocate for our art in Washington," and is also contemplating pursuing teaching options.

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10. Re: Mike Capps Leaves Epic Entirely Mar 8, 2013, 10:17 Beamer
 
Optional nickname wrote on Mar 8, 2013, 10:10:
I'm guessing he saw his life line end, when perhaps he saw a possible acquisition from other bean counting studios. Best to jump ship in those scenarios, good on him, hope he goes indie, hope everyone goes indie, and get going on kickstarter, to kill off these publishers.

That or he is now having coffee with Gabe Newell, his new partner.

Epic was rumored to have been offered 1 billion to be taken over.
Capps, as a board member, had significant equity.

So, again, your theory holds no water. If Epic were trying to be purchased by some "other bean counting studio" then those with equity would wait it out and cash in rather than jump ship at a random time.

The way this memo is phrased, it sounds like he was bought out by the other members of the board. You always get significantly less money that way than by being purchased.

The conspiracy theories some people post never have any real thought behind them. Or, at least, no horsepower behind that thought.
 
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