Comparatively speaking, gaming startups tend to attract less VC fundings than other tech companies
Gaming is hot, but venture investments in the sector are still much lower than most other tech sectors.
Last year, gaming startups – mostly from Silicon Valley and some in LA/Orange county – raised a total of $315 million in 53 deals.
“It’s not a huge sector. Actually most of the big winners don’t have venture funding. And that’s because gaming is a hits business which gets a disproportionate influence despite its lack of investing,” said PwC managing director Steve Bengston at SDForum’s event on gaming investing.
In his retrospective of last year’s gaming investing, Bengston outlined the top 5 gaming venture investors (Silicon Valley’s Founders Fund, Redpoint Ventures and True Ventures and East Coast-based Columbia Capital and Greylock Partners).
Also speaking at the SDForum event were venture capitalists Ken Elefant of Opus Capital, Michael Kim of Rustic Canyon Partners and Ho Nam of Altos Ventures, who were sharing their experience in gaming investing which I will cover on a upcoming post.
