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Soulbound Studios | Official Site
MMORPG | Setting:Fantasy | Status:Development  (est.rel 2019)  | Pub:Soulbound Studios
PVP:Yes | Distribution:Download | Retail Price:n/a | Pay Type:Hybrid | Monthly Fee:n/a
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$900k is Not Enough, $2-3M More Needed to Complete the Game

Posted by Suzie Ford on Sep 27, 2016  | Comments

$900k is Not Enough, $2-3M More Needed to Complete the Game - MMORPG.com

The Chronicles of Elyria KickStarter page has been updated with the news that new fund raising strategies to bring three million more dollars into the development coffers. Soulbound's KickStarter project raised $900,000 but according to the update, the 'reality is" that completing the game will require a minimum of $2M more but that closer to $3M would be better.

While we do have strategies in place to help raise the additional money, any funds we raise through online pledges helps reduce that amount and also provides a bit of cushion between now and our next funding round.

It likely doesn't surprise anyone, but between employee salaries, contract fees, medical/dental insurance, license fees, software purchases, rent, other insurances, internet fees, hosting fees, computers and furniture, and taxes, the money won't last forever. As the CEO it's my job to pay close attention to our burn-down and make sure we've got enough runway to reach our next funding goal. With that in mind, every dollar pledged in our online store takes away some of the stress. So if you haven't pledged already, or have but are looking to upgrade, now's the time.

Read the full update on the Chronicles of Elyria KickStarter page.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom
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