Star Citizen (Video Game), possibly another Ponzi Scheme. 300 million+ and not even a working Beta (4:45am, sorry if it is not well edited)

4
5 years agoOpen For Voting

Greetings, brother. Very good videos. (I have two medium-sized businesses and found your channel insightful and have used your advice to improve the overall picture, and it worked).

Topic at hand: Star Citizen is a video game that has been under development since 2012/13. They are using crowd-funding and, as those projects go, it is the second largest ever after bitcoin. The developers, led by a guy that has made a couple of big projects in the past, have spend more than 280-300 MILLION DOLLARS and do not even have a working BETA. I am a video game nerd that has been following its development for a couple of years now, I do not see any end in sight. There was a report by Forbes that said that the company is spending 4 million a month.

At this point, seems like the project has transformed itself into a type of Ponzi scheme.

Quick rundown: The typical game is designed by going through several stages, genre, single/multiplayer, features like PvP/Versus or Coop modes, developing the lore, Storyboard, etc. Then, developers start the art design, writers write the story, musicians compose the soundtrack, programmers make the 3D models, it goes into testing and then a release.
Developers are adding new features to the game every few months, while not finishing others. They have even gotten stuck on development of tiny details in the grand-scheme of the game (a programmer was asked to spend 7-9 months on how shields would look in the game), to name a couple of pitfalls. The game is in Alpha mode.

For funding, They are designing NEW ships and selling them. However, I think that developers’ time has been taken up by the constant need for new ships to sell to raise more cash to pay themselves to make more ships. Plus, the “director” is acting like an art director, not a CEO, micromanaging everything and not focusing on the grand-scheme/mission at hand. They do not have clear goals.

Check it out, we might even hear the FTC weigh if everything collapses on them.

Be well.