| There's no reason to believe this team will do anything. Look at the guys LinkedIn and you'll see the graphic designer is a really bad graphic designer, look at the game itself, it's just an asset flip, they have no artists, the demo videos show no game play, but they're happy to show how you can chase your clout on their wall. This project looks like Theranos, more than Star Citizen or WeWork. Star Citizen was founded by the guy who made Wing Commander, he has a history with a product that actually was successful, It looks like they merely bit more off than they could chew, for example they released a road map for their road map, which reeks of middle management problems more than it being an outright scam. WeWork had a viable product it's just impossible for them to monopolize on it so they were quickly beaten by their competition. Saying "we believe in the team" just shows the people who a-okayed this were easily manipulated by scam artists, or are in on the scam themselves. |
The real estate deals primarily structured to enrich the founder should have sent investors packing, but greed for the unicorn overrode their self-preservation.
As a result they're enjoying a massive downgrade of their investments after pouring billions of good money after bad.