Shroud of the Avatar: Equity crowdfunding passes $500K, studio plans monthly telethons
Shroud of the Avatar’s equity crowdfunding venture has gone rather well: Portalarium declared last night that it has “exceeded [its] SeedInvest target and [is] now reaching new heights,” meaning it’s raised $570,913 toward its original $500,000 target minimum ($465,000 from small-scale investors and $105,000 from higher-end accredited investors), with a potential round size of $2M. There are just over three days left for investors of all stripes to jump in. Don’t miss our interviews with Richard Garriott and Starr Long if you’re still on the fence!
Meanwhile, Portalarium has announced that with the release of R44 last week, it plans to “experiment with extended postmortems that are also Mini-Telethons.” If it proves popular, it’d potentially mean a switchover from the exhausting 12- or 24- hour telethon stream the team does quarterly to a monthly 4-hour fundraising session as the team delivers its release recap and Q&A.
— Shroud of the Avatar (@ShroudofAvatar) August 3, 2017