A Brief Introduction to this Page's Purpose
Not Another Dime! is dedicated to documenting the assorted, and sometimes wild, details of Mr. Ken Whitman's business dealings within the Role Playing Game (RPG) industry. This place is NOT intended to be a medium of discussion about Mr. Whitman, pro or con, but instead be a "jumping off" point to enable the reader to make their own informed decision about Mr. Whitman's history and business character.
Whenever possible, links to the original source material will be provided, but in many cases that information may have been deleted or secured behind restricted-access (like a private Facebook page) accounts.
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Wednesday, February 17, 2016
2016.02.17 Trying to Wrap My Head Around Some KODT:LAS Numbers
This might bounce around a bit, but feel free to follow along....
OK, the KODT:LAS Kickstarter funded for $69,525. IIRC KS fees take 10% off the top so Ken "Whit" Whitman's take for the campaign is $62,572.50. On August 7th, 2015 Ken "Whit" Whitman threw up a list of "expenses". Now most of them are BS because most of the "product" is a no-show, but let us assume that the expenses listed for filming ($30,100) were legit. That leaves $32,472.50 in Kenny's pocket towards fulfillment...which largely went unfilled, but not the point of this post (for now).
Jolly, you make 50k a year. That's twice as much as I make a year. This year I had a chance to earn 40k this year, but I put 20k extra into KODT to make it look awesome - which it does."
Also on August 7th, 2015 Ken "Whit" Whitman claims to have "invested" an additional $20K of his $40K of possible income from 2014 back into the KODT:LAS project. This "investment" left him only earning $25K for that year. The simple fact that $40,000 - $20,000 = $20,000 and not $25,000 is beyond the scope of this post. Since we don't know if this "extra" $20K is Ken's cut from the $32,472.50, we'll give the man the benefit of the doubt and add it in so we have a new total of $47,472.50.
"So, I don't want anyone to believe that they did not get their money for this wonderful project.
Actors .... $6000
Travel ... $1800
Costumes and props ... $1900
Equipment rental .... $ 6200
Kickstarte fee. .... $ 6900
Tshirts ... 600
Shipping if books and shirts ... 1600
Editing ... 4800
Dvd production ... 1800
Shipping .... $5000
New car .... 0
Business fees/printing ... 500
Gen con expenses... 1100
Meetings in il .... 400"
Now according to Jolly, Ken "Whit" Whitman concocted a plan to "raise money" halfway through the KODT:LAS by essentially taping the actors doing some KoDT "Live Readings" to make an audio book. Kenny claims to have spent $15,000 on this failed venture. Scratching off that money we still have $13,472.50 free and clear....well not so free since this would have Kenny losing $6527.50 of his "additional" $20K investment in the project.
"And in answer to the matter of the KODT audio books. NO - Ken never had permission. It was something he wanted to do midway through KODTLAS to 'raise money' for the project."
See this is where I try to understand things here. If Ken "Whit" Whitman clearly didn't need to raise any additional funds midway through the KODT:LAS project. By the number given he was $8,472.50 ahead of the game....and this number should have been much higher since we know he did a lot of product selling off-book, and speaking of books.....his expenses were far below what he had stated.
Since we're only going with the given numbers here....he is still ahead $8,472.50 up until this new effort at an un-authorized KoDT Audio Book. Personally I don't understand why you'd go in the hole $6,527.50 for an un-approved project. This just doesn't make sense.
The numbers, if taken verbatim, add up, but the need for an additional personal investment and/or an additional funding project don't...unless the original numbers given were false and/or Ken "Whit" Whitman was just greedy*. According to Ken "Whit" Whitman's latest projects, we know he has camera equipment that was purchased, not rented. We also know that the KoDT:LAS "backer items" were barely fulfilled, if at all. We also know that Ken "Whit" Whitman either lied about the car he bought or fraudulently "borrowed" a new car for the shoot.
*I'm personally inclined to think both as they are not mutually exclusive, but that is just an opinion.