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March 6th, 2013, 21:19
I think a million dollars is a psychological barrier for many would-be backers (as in, after $1 million, they say, "Now you are just being greedy!"). With Wasteland 2, Fargo decided it would take over $1 million, but was willing to pitch in $100k personally to back the deal. So he went for $900K as a bare-minimum.

I think they've probably set their sites higher for Torment, but plan to re-use some technology from WL2, and use profits from WL2 to provide additional funding if necessary. With digital distribution and no publisher, they start making a profit from their very first sale.
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