Jethro_E7 posted:

I backed Sol Trader (which probably won't make it over the like just like SC), which will be a better "space adventure" game than SC ever will be and lets me restart my life.

Bootcha posted:

Simon/Nicolas Elms

I WONDERED WHO THE gently caress THAT WAS

loving gently caress gently caress

WHAT THE poo poo gently caress IS loving GOING ON loving HERE

HOLY gently caress BALLS

loving gently caress gently caress

gently caress

flamingdawg posted:

I wish you'd just given me that money instead.

Dusty Lens posted:

Star Marine isn't delayed indefinitely - July 8th.

Raskolnikov posted:

I keep telling people I'm a better investment than cig but they don't listen. Hell for 25k a year I would have pretended to be dickwulfs best friend. Touching of course would be off the table but when was the last time a jpeg touched someone?

Raskolnikov posted:

I keep telling people I'm a better investment than cig but they don't listen. Hell for 25k a year I would have pretended to be dickwulfs best friend. Touching of course would be off the table but when was the last time a jpeg touched someone?

Beer4TheBeerGod posted:

I really want to know if there is anyone on the planet who, upon hearing Ben or Jared say anything about game development, believes it.

Banano posted:

Actually it was BettysBigTits, as in the big tits of Betty not Betty herself get it right please.

Also Betty is a real woman and reddit user and not the most obvious troll account of all time.

D_Smart posted:

In a word. You're hosed. But you already knew that.

Anyway, I am writing a blog dealing specifically with the Gizmondo fiasco and how FOUR execs from that farce, are now intrinsically a part of this Star Citizen farce.

Dusty Lens posted:

They touched the hearts of over a million citizens.


I'm really hoping that in a couple of years someone does a followup interview with either one of them.

Dante80 posted:

Continuing on with our discussion about spaceships in space, here is how to make Keftedakia Tiganita (Κεφτεδάκια Τηγανιτά)!

Much better than Swedish meatballs btw..



Ingredients

• 800 g. Minced veal mixed with pork (thats how we do it in Greece, you can go full beef if you like though)
• 4 slices stale bread soaked and wrung
• 2 large onions, grated
• 3 cloves garlic grated
• 3 tablespoons milk
• 2 tablespoons olive oil
• 1 egg
• 1 tsp. fresh oregano
• 1 tsp. fresh basil, finely chopped
• 1 tsp. fresh mint, finely chopped
• 2 tsp. parsley, finely chopped
• ¼ tsp. allspice
• ¼ tsp. cumin
• ½ tsp. mustard powder
• salt - freshly ground pepper
• oil for frying (go for olive here too)

Execution

Take the stale bread and put it in a bowl. Cover with water and let it there for a couple of minutes.
Take the bread out, wring it and grate it with your hands.

In a bowl put the ground beef, grated bread, milk and mix well with your hands.
Then add the onions (with their water), garlic, egg, herbs, spices, oil and salt and pepper.

Knead the mixture well until materials the materials are combined, cover the bowl and leave in the refrigerator for 60'.
Then we take mix with our hands and mold into small balls, in our palms.

Meanwhile, heat the olive oil in a wide pan (put oil so as to cover half a meatball when fried) and fry, turning them from every side.
Set the meatballs on paper towels to drain.

You can eat them as is, or make a simple napolitana or spicy tomato sauce and cover them with it. They go well with french fries.

Strategy

Two things to pay attention to here.

1. You need to leave the keftedakia mix in the fridge for up to an hour or more. This serves two purposes. It lets the flavors mix well, and it also firms the mix so that it does not break when you fry it in the pan. Some people tend to cover the keftedakia with flour prior to frying. This helps keep the mix firm, and forms a bigger crust around the ball. It also detracts from the taste imo, so I went with the standard recipe.

2. Don't deep fry the keftedakia. Putting enough oil in the pan to cover half a ball is very important, for a number of reasons my Grandma painstakingly explained to me...and I forgot what they are now (because I'm a dumbass). Long story short, just listen to grandma.

Servings: 5 (or 2 goons).

For other SC Greek cuisine recipes

Dolmadakia
http://forums.somethingawful.com/showthread.php?threadid=3744337&userid=214360#post450857976

Spanakopita
http://forums.somethingawful.com/showthread.php?threadid=3735644&pagenumber=105&perpage=40#post449684374

Dusty Lens posted:

I'm really hoping that in a couple of years someone does a followup interview with either one of them.

Beer4TheBeerGod posted:

Engineering debt is a hell of a thing.

Jst0rm posted:

lol if you think ben has a couple years left on his heart.

Dusty Lens posted:

Ben if you're reading this maybe give it some serious thought.

Dapper Dan posted:

One way you can tell its a scam is that someone doesn't step in from the company and say 'Hey, please don't sacrifice your ability to eat for a videogame, thanks.'

Ohmygodsquad posted:

All those moments will be lost in time

Like pubes

In the drain.

A Neurotic Jew posted:

I think if this even needs to be said, it's a good chance your business model is morally corrupt in some non-insignificant way.

BigMouthSingers posted:

I have a few CIG finance questions if anyone cares to speculate.

1. What would a standard % return be for angel investors that cashed out at $25m.
2. Would the remaining investors that didn't cash, expect yearly dividends?
3. How are executive wages calculated, and by whom?
4. Would all costs associated with starting up CIG and the KS campaign have become a company debt, and repaid?
5. When CIG was incorporated could debt from another company be transfered to CIGs books?

G0RF posted:

The one person here who could answer most of these questions is Bootcha-- and he would be a fool to answer it, given that he's still got a stake in the enterprise.

Good Dumplings posted:

1. They seem to be burning up revenue as fast or faster than they get it, so they likely don't have enough assets to give a return if someone were to cash out. Even if CIG/RSI/(other shell game company) liquidated, investors will probably take a good 50% loss in the least. Can't take the money from paid-out salaries or unpaid loans, after all.
2. They're probably up to their eyeballs in debt, so if they were to somehow give dividends it'd put them further in the red one way or the other. Dividends could happen; Derek could also make a game that isn't 50% acronyms. Forget about it.
3. Wages = Chris, Sandi and their friends get all the money, gently caress you otherwise. Chris loving craves control, I doubt he'd leave it up to anyone else.
4. How the gently caress are they going to repay? Everything they earn is getting spent on salaries or contracting.
5. There's so drat many that it's possible, but see (4).

Hal_2005 posted:

Well, they initially raised $150,000 from VC IIRC, so.... if you had 1 share, valued at 1 dollar. and you invested $150,000. and the company had zero debt, and $25mm in cash. Those shares would now be valued at $166.66/sh. So: You would have made about 166%, if they paid a dividend to those shareholders, and 10% is pretty common for a VC "bonus" after the "series A" round (which they probably would have classified the 50mm capstone) then you could argue they made about 140%, using simple math and after-tax gains.

No. RSI I doubt has paid out any dividends, but if they did, usually VC dividends, like all PE DVD's are only done at specific milestones or to juice the returns of the VC funds. Its very rare a dividend is paid out at all before a major project milestone these days. Most VC shops will prefer free options just ahead of a new round of VC financing. Like Uber & Snapchat for example.

Executive wages are often done as an average of standard compensation and audited by a board of directors. If you don't have a board, like RSI does... you can pretty much pay yourself whatever the gently caress you want, so long as the inital VC's have an understanding on how your salary will scale as your company grows (ponzi grows in this case).

Depends. Most of the startup costs were likely debt, however they could have also been accounts payable, and so long as they were repaid in 190 days, they could have been repaid without incurring debt. A project like RSI I doubt would be able to get much borrowing headroom for collateral, as they lack much in the form of tangible assets & capital goods.

No. If they did that, it would have had to been as a merger and the SEC/IRS would have had to be notified in a merger/change of control. In which case everyone would be aware of it. It is possible however that RSI has been "dropping down" assets, much like a Master Limited Partnership to Cloud Gaming and they have been playing with the relationship's payable/licensing fees to manage their cash burn/payables schedule.

Hal_2005 posted:

Wait what. Are you a independently wealthy man with a day trading account and a Personal Advisor who let you structure a Private Placement into RSI, or did you actually conduct any DD before investing other peoples money into RSI as a part of a VC fund. This is juicy. If this was your first VC investment, as a Partner of a SEC registered Private Equity vehicle, how did you structure this so that you were getting equity in a project with an indefinite project timeline, and you gave up your board seats, super majority and all forms of control. This is one of the most weak rear end PE deals I've heard of, and we have a ton of goons who "day trade" at A16z & Sequoia.

Does your NDA preclude you from talking about how you protected your equity and governance controls? If not, why did your legal counsel waive your rights like this? Or are you full of poo poo. Spidey senses are tingling here, and I only check the thread every 2 weeks now.

Can you explain this Royalty you are getting from RSI ? You mentioned its a NDA bound sales agreement, as per their website each ship is considered a "box sale" as a "pledge" and not a form of equity. Would it be fair to say your initial investment GOR has been getting a percentage of all gross "pledges" to date?

If you are just a Qualified Investor who independently sourced a relationship with CR and your stupid PA (who you should fire, stat) thats cool too. I just hope you get your cash-out through those box sales quicker than CR burns the cash pile to zero (and your residual equity valuation).

Raskolnikov posted:

Dante80 posted:

Beer4TheBeerGod posted:

I really want to know if there is anyone on the planet who, upon hearing Ben or Jared say anything about game development, believes it.

kordansk posted:

So, I was bored.

https://www.youtube.com/watch?v=slTXAcv3MA8

Jst0rm posted:

I like how ben, a complete amateur in game development, is in charge of letting the public know the ins and outs of the game development.

There probably isnt a single person who works in gamedev that would say the things he does.

Beer4TheBeerGod posted:

I really want to know if there is anyone on the planet who, upon hearing Ben or Jared say anything about game development, believes it.

ShredsYouSay posted:

Jst0rm posted:

I like how ben, a complete amateur in game development, is in charge of letting the public know the ins and outs of the game development.

There probably isnt a single person who works in gamedev that would say the things he does.

Nomenclature posted:

Interestingly, daily funding looks like it has stabilized at $100,000 to $150,000 per day now that CIG has opened up the CCUs to all purchasable ships. I'm pretty surprised, considering that pretty much everyone seems to be expecting an anniversary sale next month.

Eonwe posted:

I must have missed this what does bootchas post mean and why is he hosed

Decrepus posted:

A presumably grown man with $200 of cash to his name. Nice.

Amarcarts posted:

I wonder why nobody mentions the fact that it's a little weird to have like 4-6 different companies in 3+ countries to make a videogame.

AP posted:

Yeah, they'll be well happy with that but the referral thing really needs to bring in a lot of new punters as that level of funding will bring the average pledge upwards and it's not sustainable without them releasing something playable/good.