Changing The Model
There are two significant ways in which our agreement diverges from the typical game funding agreement:
1. It is short and simple. For smaller games, we see no reason for a funding agreement to be a massive document written by lawyers for lawyers. Our agreement is 3 pages long, and comes with a companion document that explains what each section means and why it’s there.
2. It is developer friendly. We do not ask for any IP rights, we time limit the debt, we recoup at 100%, and take a revenue share that is proportional to the amount we put in (1% per $10k).
Results And Successes
In 2010, I was asked to join Jonathan Blow, Aaron Isaaksen, Ron Carmel, Kyle Gabler, Nathan Vella, and Matthew Wegner as a Partner and create a new Angel-style Investment Firm to help new independent developers with unique voices get, and stay, financially independent.
Since then we’ve committed funds for 20 creative titles and are already seeing quick results with many of our award winning games able to pay back the investment Indie Fund made in full within days of commercial release.