Uber Entertainment Declares Crowdfunding DEAD

Uber Entertainment has declared crowdfunding for gaming DEAD as taking up too much time and not guaranteed successful.

The company pulled its Kickstarter campaign for its RTS Human Resources game when it became clear that it would fall way short of its $1.4 million raise. Uber said that the campaign was a full time job for several employees.

A recent survey found a 50% drop in game crowdfunding campaigns in the first 6 months of 2014.

http://www.gamesindustry.biz/articles/2014-10-21-uber-entertainment-cancels-human-resources-kickstarter

http://www.gamesindustry.biz/articles/2014-10-01-ico-partners-report-suggests-kickstarter-is-in-decline

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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