Topic: Gauging Interest - Canadian Game Development Studio - By An Ex Playtika Exec - page 2. (Read 5658 times)

Nothing too exciting.  Devs are chugging away at it.  I have a commitment from a Sony Playstation marketing exec to come on board around the end of July.  Lawyers are working on drafting employment and options documents.  Hosting company is working on deploying hardware for the production environment.

I think that's about it. 

Cheers.

Any new info to share regarding this yet, burnside?

Interested

Thanks, I'll check it out!



I apologize, I've been intentionally vague in some regards.

It will be a free-to-play game, deployed to Facebook Game Center, iOS, & Android, in the social casino category, with a target audience of females 25-55.  I can tell you it is not Bingo, Poker, or Slots, which have all been done to death.

Cheers.

Reading your post, I still do not understand what kind of game do you want to do?

Another equity crowdfunding site that might be of interest: https://www.seedrs.com/

As am I.  Although I'm probably not going to be a big help regarding the investment part, let me know if there are any other opportunities.

Cheers

Sounds good, I'll make sure I let you know when the alpha is out.

This is an interesting prospect. Please keep me informed (I'll follow the thread, but PM may be best just to see that I read it) when you're closer to making your official offer and I'll take it from there. I'm definitely interested.

Thanks for the link!  I'm seeing only Bitcoin specific companies on there, but still good to know about.

I'm not a lawyer (nor a Canadian) so best to do some homework here. Take a look at https://bnktothefuture.com/ if you haven't already.

Hey there!  Been a while.  

I'm not necessarily set on it coming all from one source.  Part of me wants to divide it into 30,000 $10 units and put it up on Havelock.  I'd need to get it cleared with my lawyer though first.  I'm not sure what the rules are and what would be considered a security under Canadian law.  I'm pretty sure I can crowd fund and/or take out loans, but shares are a different matter.  Maybe convertible debt falls on the loan side?

FWIW, if I had $300K in disposable funds kicking around I'd seriously consider this. GL, Burnside - sounds like an promising proposal. I'm sure someone'll bite, especially for a convertible debt financing option.

Hi all, been a while since I've hung out here.

For those that weren't around here in 2012 - 2013, I'm the guy that founded/developed/maintained/etc BTC Trading Corp as an after-hours hobby.  Outside Bitcoin, over the last 20 years I have been the Network Engineer at National Cristina Foundation, CEO at Kattare Internet Services (a $10M hosting company), and VP at Playtika (aka Caesars Interactive Entertainment, recently valued at $4B) where I helped develop and launch Bingo Blitz, Bingo Blitz Lotteria, Bingo Blitz Slots, Faro Blitz, Penguinauts, Bingo Rush, Bingo Rush 2, & Caesars Total Rewards Social.  Bingo Blitz alone currently makes over six digits in revenue A DAY.

My foray into Bitcoins as a hobby was not taken well by the legal department at Playtika, and family matters in Canada at around the same time made it necessary for me to move from Los Angeles, California to Kelowna, British Columbia.

Here in Kelowna I have been developing the game design documentation, hiring developers, and overseeing ongoing development of my next project.  It's a free to play, social casino game.  We are developing simultaneously for Desktop (Facebook Canvas) and Mobile (iOS & Android).  My wife was a psychology major and I've been using her input, several studies on gaming, and my experience from Bingo Blitz to design the game to be compelling and fun.  I have potential distribution partners lined up, a high end marketing exec from Sony's Playstation arm on board, and a potential rewards program lined up, among many other things that are very positive.

So why am I here?

My plan with the game is to get it to a beta stage, then seek a loan or investment to fund the subsequent six months of development, launch, and marketing.

With my recent move to Kelowna, I am new to town, an unknown from the US, and I have no access to affordable credit.  My mortgage here has a horrible rate and has to be renewed annually. (ugh) I applied for permanent residence immediately after moving here, and it is currently being processed but until I have residence and a social insurance number I can't even start to build credit here.  For the lower corporate tax and potential technology grant reasons I founded the company in Canada, so my contacts in the US are not able to grant me a loan either. Several of the guys that I consider friends and that I might normally go to for investment are already competitors in the space, ruling that out.  I don't want to kickstart or do anything public simply because I don't want the game idea itself to leak. Right now there's nothing out there that does what we're doing and we need to establish a beach head before we attract clones.

My thoughts are that a USD denominated loan or investment using Bitcoin to get the cash into the company's Canadian bank account might be the right way to go.  I'm not asking for millions or anything crazy - I project we will need $300,000 to get through the end of the year.  It may be possible to write it up as a loan option to swap debt to equity in the new company.  Alternately maybe use convertible debt with a 20% conversion preference, where the debt converts to equity in the next round of funding, which is why I am posting here.

Does this sound like something anyone here would be interested in?  





** THIS IS NOT AN INVESTMENT OFFERING, I AM NOT ASKING FOR MONEY RIGHT NOW.  I AM TRYING TO ASSESS INTEREST & DEVELOP ANY POTENTIAL OFFER **