In these tough times, cash money reserves have dried up. It’s the same the world over, and the games industry is no different. Especially if you’re a start-up.
According to Games Investor Consulting director Nick Gibson “In the last four or five months there has been a collapse in venture capital and, more broadly, private equity funding for privately-held games companies”. These aren’t the big, publicly-owned companies like Activision or EA we’re talking about. These are the new guys, the small guys, the ones that rely on big cash investments to get [[link]] up and running.
Gibson says things are so bad for the little guys that, according to Gibson’s research, “private funding for games companies” is down a whopping 60% from the same time last year.
So if you’ve got a [[link]] great idea for a new game, and you and your buddies want some cash to get things started, you might want to hold off for a year or two. That or start saving.
Funds and Games [Develop]