Indie Fund

Indie Fund Game Collage

Project Details

Organization: Indie Fund

Purpose: Indie Fund aims to support the growth of games as a medium by helping indie developers get financially independent and stay financially independent.

Role: Partner (2010-Present)

View The Fund

Project Description

Indie Fund is a funding source for independent developers, created by a group of successful indies looking to encourage the next wave of game developers. It was established as a serious alternative to the traditional publisher funding model.

We make smaller investments and ask for less in return. The hope is that developers see enough revenue from their game to self-fund their next project.  And voilà, one more developer that is free to make whatever crazy game they want.

Here’s a quick summary of how our funding works:
  • Flexible budget, no milestones – We start out with your best guess for the budget and pay that out in two chunks: one after signing, the other when the first is close to running out. If more funding is required, or if less funding is required, we can adjust the second payment.
  • Repayment – Once the game is released, you first pay back the investment and then share 25%of the revenue, until we double the initial investment, or until 2 years after the initial launch date, whichever comes first.
  • No long term obligations – If the game did not generate enough revenue to repay the investment within 2 years of release, the agreement expires and you no longer owe Indie Fund anything. Whatever revenue your game generates from that point on is yours to keep. If the game does generate enough revenue to repay the investment the agreement could expire even sooner leaving 100% of the revenue to you.
Luckily, the awesome people at Indie Fund were willing to help out and enable us to spend more time on our design rather than rush out with the hope of getting more revenue coming in from ports.

–Niv Fisher, Spiky Snail

Indie Fund Game Collage 2

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.

Indie Fund Team

Wondering if your game could be the next Indie Fund success story?

Contact Me