Link: Games * Design * Art * Culture.
In other words, they've landed project finance, rather than equity finance. That is, they aren't selling a piece of their company to investors; they're selling a share of future revenues from a particular project. This is a common model in independent film, and it has some advantages from an investment perspective: You get your money out in a shorter timeframe (1-2 years) than you do when investing in a company (liquidity event in 5 years, typically). Both sorts of investments are risky, of course, but the shorter time frame is a positive for some people.
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