And the budget? Why did you choose $20k instead of a higher or lower figure?
We considered monthly expenses for the development time for 2 persons in 10 months + the outsourcing work that we need, music, more artistic help. With this amount we can guarantee that we can indeed finish the game.
Less money could make the project stall at middle. We could try ask for more money I guess, but that's not what we are after, we just want the enough to make the game. So those 20k were figured that way.
I'm assuming they didn't pick any higher because 20k is the highest you can go on that site.
Actually 20k is not the limit. We could ask more but more than that doesn't seem right. The amount we are asking is a prediction based on total development months plus expenses on art, music and other stuff
Also even if we raise the 20k we wont get that full amount. 8-Bit funding retains 10%, paypal is an average of 2.5% + .20 per transaction. If we can raise the full amount 8-Bit funding pays back 5% thus just charging 5%.