1. Here you will find official announcements, updates and Developer blogs. These announcement are also linked in the Official SotA Discord server.
    We encourage comments from the community! To keep the announcements official, we ask that comment threads be created in the General forums for player input.

                                                 Thanks!

To Shroud of the Avatar Players and Backers, as well as potential Portalarium investors:

Discussion in 'Announcements' started by Lord British, Jun 14, 2017.

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  1. Lord British

    Lord British Lord British SOTA Developer

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    To Shroud of the Avatar Players and Backers, as well as potential Portalarium investors:

    We are very excited that Shroud of the Avatar will reach Story Complete in a month or so, and the full Episode 1 Complete is projected for later in the year! To support Portalarium staffing up to manage publishing in addition to developing the game, we have initiated an equity crowdfunding effort with SeedInvest: https://www.seedinvest.com/portalarium/series.b.

    When we began the initial Kickstarter a few years ago, a forward looking plan was implemented for features we hoped the game would have at its completion. We have now achieved over 100 of the items planned from the KS Campaign, as well as dozens of additional new items added during the course of development. Most of the remaining items to be fulfilled will be added to the game by year end.

    The team and I are devoted to bringing you the best game possible for the community, and bringing in as many players as possible. We will not rest until we have done all that we can for you, just as you have done so well for each other in helping to make this game with us! In addition to our early outside investors, I myself, as well as MANY of our team members, have invested significant time and money on the project. We are very excited to be creating this game with and for you.

    Since the KS Campaign, we have continued to raise and spend in about equal measure, as has many other independent projects in the crowdfunding environment. We generally work to keep about 6 months of runway ahead of the project, and as revenues rise or fall for an extended period, we scale up and down our production efforts accordingly. When we have well in excess of 6 months ahead, we consider bringing on more contractors to help with game development quality and time.

    We have often received between $100k and $300k in backer contributions per month (as many player sites have independently calculated, as we have always been transparent with our Backer data). At the low end of monthly contributions, we still have almost 6 months of runway ahead of us. Of course, we hope that through increased quality of the upcoming releases, periodic telethons, and the story complete milestone, we will stay above these metrics and hopefully sustain the project’s post-launch development indefinitely.

    As noted, we now hope to expand our company to become both a developer and a publisher, which is why we are doing a campaign with SeedInvest. Please note that there is a fundamental difference between the SeedInvest campaign and the Kickstarter campaign (and ongoing in-game fundraising). This latest opportunity provides you the chance to literally be a part of the company and make it your own. The investor perks on SeedInvest are meant to be icing on the cake of true ownership.

    Portalarium is working with SeedInvest to position ourselves to best support the game in a live environment. We need finance and marketing people as well as cash to spend on advertising to bring new players into the game. This will make all the early backer efforts pay off all the more, as the more players in the game, the more fun, the better in game economy, etc.

    Please share your own enthusiasm for the game and company with anyone who you think might like to join us on this journey!

    My thanks,

    Richard “Lord British” Garriott


    Disclaimer: Portalarium is offering securities under Regulation CF and Rule 506(c) of Regulation D through SI Securities, LLC ("SI Securities"). The Company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here: https://www.seedinvest.com/portalarium/series.b
     
  2. High Baron O`Sullivan

    High Baron O`Sullivan Avatar

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    is everything.
    Great news, can't wait to see what the future holds!
     
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  3. 2112Starman

    2112Starman Avatar

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    Thank you! We appreciate the open discussion about finances since there has been a large influx of conspiracy theory orientated discussions about such things by some bad actors out there. Its good to hear it from you directly.
     
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  4. Brass Knuckles

    Brass Knuckles Avatar

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    Question: will portal offer a subscription program in the future for people wanting another way to achieving housing.
     
  5. Bayard

    Bayard Bug Hunter

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    Lord British,

    If you have time during the webinar this afternoon, you might consider a quick explanation of the relationship between cash flow and bank balance. Many on the forums don't understand the difference and it's causing concern because they assume the bank balance - monthly operating expenses = doom. The fact that you have been able to maintain an average of $500K in the bank for the past three years shows a very healthy cash flow but that fact is not well understood.

    Cheers,
    JkB
     
  6. Myrcello

    Myrcello Avatar

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    You just could not leave it?
     
  7. Time Lord

    Time Lord Avatar

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    ~After Attending Our SeedInvest Webinar~
    " https://www.seedinvest.com/portalarium/series.b "
    [​IMG]
    "Indeed, I Have Seen the Light" ;)!'

    After attending our very informational SeedInvest webinar, this Time Lord is very excited by what we all learned there, quite literally!
    There are continuing questions about how our investors will be equitably rewarded, but I think from what was unable to be said, and what was said, bracketed that which could not be said, to an understandable painted into a corner picture, of how our investors will be rewarded in our future through their investment, which I am extremely satisfied with :D
    I am one well satisfied and very happy Time Lord to be in on this opportunity!
    ~Time Lord~:)
     
  8. MrBlight

    MrBlight Avatar

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    Sweet. Nice to see some open communication.
    Definitly appreciate the steps to improve confidence in you guys, that you have been doing lately.

    Now if only that 2 year plan would get published !!
     
  9. jammaplaya

    jammaplaya Avatar

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    Thank you!!!

    PS. Like farmer!
     
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  10. Razimus

    Razimus Avatar

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    $80,189 raised.

    My guess would be something like this...

    2 Golden Castles = $60,000

    1 Golden City Home = $10,000

    5 Golden Row Homes = $5,000

    10 Golden Cloaks = $5,000
     
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  11. Scraps MacMutt

    Scraps MacMutt Avatar

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    Unlikely. It seems you must be an accredited investor to invest more than $20,000, and their website shows $0 raised under Regulation D - Rule 506(C).
     
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  12. Razimus

    Razimus Avatar

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    So no Golden Castles.

    $80,189 raised.

    New guess...

    5 Golden City Homes = $50,000

    10 Golden Row Homes = $10,000

    40 Golden Cloaks = $20,000
     
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  13. Poor game design

    Poor game design Avatar

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    I'd really like to see a few gold castles "City Homes". That would be cool.

    I'm hoping the devs make them look like they're made out of gold ore. I hope all the gold investor perks look more like gold ore and less like generic gold coloring.
     
    Last edited: Jun 15, 2017
  14. Flientje Vantmeeden

    Flientje Vantmeeden Localization Team

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    A golden house......how unobtrusive :D
     
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  15. ikickbutt

    ikickbutt Avatar

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    yes gold filigree rather than built from gold ingots
     
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  16. Time Lord

    Time Lord Avatar

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    We must never underestimate the power of our "Player's Suggestions" ;)!'
    I think the big unanswered question is,
    What "might" something like this :oops:
    [​IMG]
    and this :oops: have in common?
    [​IMG]
    There's many unanswered questions because the "possibilities" are endless ;)~Time Lord~
    https://www.seedinvest.com/portalarium/series.b
     
    Last edited: Jun 16, 2017
  17. gtesser

    gtesser Avatar

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    Thank you, Lord British!
     
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