Gamasutra: Last week, Michael Pachter, an investment analyst at Wedbush Morgan caused a stir amongst game developers the world over.
His crime? To declare that “unpaid crunch deserves no sympathy”.
I understand where Pachter is coming from. I should do: I used to be an investment banker and equity research analyst. From 1994-2003 (with a year out as CFO of a dot com startup) I analysed media companies, advised them on raising capital and buying other businesses and I helped them understand how the Internet was going to change their world.