Re:Jeff Bezos convinced 22 investors to back his new company...
by Krizzu on Saturday August 22, 2020 @04:05PM
(#24246862)
And that reminds me of Andrzej Sapkowski and CD Project Red deal
https://www.polygon.com/2018/10/2/17927916/the-witcher-autho...
Re:Jeff Bezos convinced 22 investors to back his new company...
by cauthon on Saturday August 22, 2020 @04:20PM
(#24246959)
> “I was stupid enough to sell them rights to the whole bunch,” Sapkowski said at the time. “They offered me a percentage of their profits. I said, ‘No, there will be no profit at all — give me all my money right now! The whole amount.’ It was stupid. I was stupid enough to leave everything in their hands because I didn’t believe in their success. But who could foresee their success? I couldn’t.”
Do you think he would have returned the lump sum if the game failed and they went broke?
You give up risk when you ask for a lump sum
Re:Jeff Bezos convinced 22 investors to back his new company...
by oblio on Saturday August 22, 2020 @05:14PM
(#24247300)
Why not split the difference? A lump sum and a smaller percentage.
Re:Jeff Bezos convinced 22 investors to back his new company...
by skinnymuch on Saturday August 22, 2020 @06:05PM
(#24247653)
For the author? Since he didnt believe in it, any slice would have been timny. His regret and words would likely be close to the same.
Re:Jeff Bezos convinced 22 investors to back his new company...
by Scoundreller on Saturday August 22, 2020 @07:14PM
(#24248059)
And one could argue that the gamemakers were much more motivated to create a successful product when they started out in the red, but got the keep all of any profits.
Re:Jeff Bezos convinced 22 investors to back his new company...
by megablast on Saturday August 22, 2020 @05:08PM
(#24247267)
CD Projekt Red is a computer game company who created a game based on sapkowski’s books. The games and company did very well.
Re:Jeff Bezos convinced 22 investors to back his new company...
by uep on Saturday August 22, 2020 @06:05PM
(#24247652)
That's the point. He gave up royalties for a lump sum, when the game seems to currently be the 23rd best-selling game of all time.
https://en.wikipedia.org/wiki/List_of_best-selling_video_gam...
Re:Jeff Bezos convinced 22 investors to back his new company...
by foobarian on Saturday August 22, 2020 @09:29PM
(#24248799)
That guy really has bad luck. From the Wikipedia article,
"In the early 1990s, Wayne sold the original Apple partnership contract paper, signed in 1976 by Jobs, Wozniak, and himself, for US$500. In 2011, the contract was sold at auction for $1.6 million.[15] Wayne has stated that he regrets that sale.[5][6][16]"
https://en.m.wikipedia.org/wiki/Ronald_Wayne