Parallax Abstraction wrote on Aug 31, 2011, 20:00:Cutter wrote on Aug 31, 2011, 19:20:
How do you know? Are any of you privy to the actual terms of the deal? It's not like the banks would touch them, and even if they did it would be assuredly worse. I was 21 when I opened my first restaurant and I could have never done so without investors. It was a success they were well compensated as they deserved to be because otherwise it would have never happened. Unless you've ever been in business for yourself, and I mean a real business that requires real capital that most people can't afford themselves than you have no idea what you're talking about.
Pro tip: If they bought themselves back, it means their investors got paid. And they likely made a tidy profit on it. As they deserved to if they gave them the money when they needed it.
But whatever, being a childish douchebag is your schtick on here.
Cutter wrote on Aug 31, 2011, 19:20:
How do you know? Are any of you privy to the actual terms of the deal? It's not like the banks would touch them, and even if they did it would be assuredly worse. I was 21 when I opened my first restaurant and I could have never done so without investors. It was a success they were well compensated as they deserved to be because otherwise it would have never happened. Unless you've ever been in business for yourself, and I mean a real business that requires real capital that most people can't afford themselves than you have no idea what you're talking about.
Cutter wrote on Aug 31, 2011, 16:38:Parallax Abstraction wrote on Aug 31, 2011, 10:54:
Good for them! It's such a rare thing now when a company gets a chance to kick greedy investors to the curb. Very glad their success has put them back in charge of their own fate.
Greedy investors? Right. You mean the same ones which there would be no studio or game without them in the first place. Yes, how terribly selfish of them to allow some other people the chance to start their own business.
Parallax Abstraction wrote on Aug 31, 2011, 10:54:
Good for them! It's such a rare thing now when a company gets a chance to kick greedy investors to the curb. Very glad their success has put them back in charge of their own fate.
Beamer wrote on Aug 31, 2011, 13:06:
This should be the goal of every small studio, so long as they do it when they have enough liquidity to not jeopardize themselves, and so long as they hire someone to do the beancounting the investors used to (with the big difference being that the beancounter is now in-house and an employee rather than someone that owns debt.) Best is if your beancounter is your president and someone with creative vision, but there aren't many out there proven to be good at both.
eRe4s3r wrote on Aug 31, 2011, 11:13:
Buying yourself back offers more financial independence? Actually it costs your money, so it reduces your financial independence... just saying... now you are 100% dependent on your next game not tanking