11/21/2023 0 Comments How to invest in big time game![]() ![]() There are several more experienced game teams, either pivoting or forming new companies. ![]() ![]() If you have companies making a few million with a few thousand active players, it’s highly attractive, especially since things are so early. I think that Sky Mavis raising this mega round from a16z really escalated things, along with the funding rounds of Mythical Games, Dapper Labs, and Sorare. Gaming investors are seeing crazy multiples for these companies. (Mishka) The shift to blockchain gaming has been incredibly fast. They leave Peak and they build Match-3 games, which they know so well. That's why ex-Peak founders are getting insane valuations. But then it goes down to looking at what the team has built and what are they building now. Of course, you can't always build the game without the cash. Besides the team, I think the key here is to have a playable that is basically ready to be shipped. Gaming VCs are still looking for the best teams, who've shown that they can execute. Can you get funding for a game that is not based on blockchain in 2022? (Mishka) Blockchain gaming and Web3 dominated the funding headlines during the second half of 2021. ![]()
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