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Frequently Asked Questions

How does investing on Good Shepherd work?

When making investments on the Good Shepherd Investment Portal you will be investing in individual game projects under the same contractual terms as Good Shepherd, Devolver, (and often our individual founding partners).

You are investing through a contract with the Publisher (Royalty Purchase Agreement) to share in royalties generated from sales of a specific project, for a period of 5 years. Be aware you are not making an equity investment in the development studio itself, but in the specific project you have chosen.

First Priority: Investors in Good Shepherd games enjoy a Preferred Return.

Second Priority: After the  Preferred Return is satisfied, the proportional Royalty Rates between investors, publisher and developer are paid.

You can find the Projected Return information for each title at the bottom of the cash flow projections schedule.

How do I make an investment?

Project investing requires three simple steps:

  1. Select the amount you wish to invest in a project
  2. Provide the investor information required for the contract - Royalty Purchase Agreement (RPA)
  3. Review the contract terms and conditions
  4. Digitally sign the contract and Submit Once you click Submit, your investment is added to the project's funding total
  5. Review the countersigned contract and invoice provided by return e-mail
  6. Wire your investment funds
  7. Find your investment at My Investments on the Investment Portal

How is my investment used?

Your investment may be used for Development/Production, Testing/QA, Language Localization, PR Marketing activities.

Projects requiring development funds are advanced to the Game Studio upon approval of Milestones by Good Shepherd Producers. Milestone approval generally means the developer is reasonably on schedule and delivering the various assets of the game as agreed to and to our Producers' satisfaction.

Prior to releasing the game, capital is used for language localization, testing and pr/marketing activities. In some cases, preliminary marketing and PR can begin as early as a year ahead of the expected launch date.

Which projects can I pick?

You can make investments for the projects that are under the header New Projects at the New Projects Page.

Funded Projects are closed for investment because they are already a 100% committed/invested. We will reach our when new projects are added to the platform so you don’t miss any opportunities.

How is my game doing?

All the information for the financial projections can be found at the bottom of the Project Page for each title. This table of information illustrates projected Investor Economics for the game. Click on the section headers to find more information on how the table works.

The financial projections provided are for illustration purposes only and most certainly will vary from actual results. Investors should not rely on the projections to make an investment decision.

When will I see a return on my investment?

You will receive the initial Preferred Return payout approximately 90 days from the date in which the title is released for sale. 100% of available proceeds from sales are paid to investors until the Preferred Return is satisfied. Subsequent payouts are accrued quarterly or until sufficient capital is accumulated to justify a payout.


The Investment Process in More Detail

  1. Select the amount you wish to invest in each project
    1. Click on the orange Invest button on the Project Page of interest.
    2. Select the amount you wish to invest in that project.
    3. The Royalty Purchase Agreement is available for preview at this point
  2. Provide the investor information required for the contract - Royalty Purchase Agreement (RPA)
    1. Fill out the investor information for the person who will sign the contract. You may sign as a Natural Person (select 'Invest as individual') or invest through an Entity you represent (click 'Invest as an Entity')
  3. Review and if in agreement with the terms
    1. check the ‘Accept’ Investment Terms box and proceed to the contract.
  4. Digitally sign the contract and Submit
    1. Sign the document in the signature box and click submit signature. Depending on your connection speed the process could take up to 60 seconds.
    2. You will then be directed to the "Thank You" page and your Royalty Purchase Agreement (RPA) is sent to Good Shepherd for countersignature which typically takes two to three business days.
    3. Your Commitment will then be added to the project's funding and will appear on your Dashboard under Commitments.
  5. Review the countersigned contract and invoice provided by return e-mail
    1. Within two business days you should get a confirmation email with the invoice for the selected amount. (you can also find this invoice at My Investments > Commitments under the Pay Now button)
  6. Wire your investment funds
    1. Once you pay the invoice and the amount is received on our bank account, we will mark the Commitment as paid and classify it as an Investment.
  7. Find your investment at My Investments on the Investment Portal
    1. Go to Dashboard, Your commitment is now considered an Investment and it has been removed from the Commitment section and is added to the 'Unreleased' This will be reflected on your Dashboard.