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Posted 24 November 2000 - 09:49 PM
Posted 25 November 2000 - 05:08 PM
Posted 25 November 2000 - 10:53 PM
I don't know any success stories of game *studios* who got VC funding. But Intrinsic Graphics got $12.5 million from Venture group 3i (www.3i.com) to help them develop their multi-platform game engine Alchemy. Check 3i's news page:
or Intrinsic's site www.intrinsic.com for details.
LithTech has also received some money from various sources, including $5 million recently. See www.lithtech.com news pages for details.
Wish I could point to game studios specifically.
I'm no expert on VC funding...but from what I've heard you can expect *NOT* to get a big chunk of money all at the beginning. Its likely you'll get a small chunk, perhaps $50K or $100K with another chunk held out like a carrot to be negotiated once you reach some required milestone. I gather that this carrot-chasing can go on for numerous milestones before they will trust you with bigger chunks of money.
I would also say that VC's are probably a bit less anxious to take chances in 2000, given the current state of the US financial markets. (I cannot really comment on VC's outside the US.)
I would advise you to approach other VC's once you have initial funding. I don't think you necessarily have to get funding from just one VC source.
I should hope that there will be more reliable server farms for hire in a few years, so that you don't have to maintain your own servers.
Posted 28 November 2000 - 12:20 AM
Posted 28 November 2000 - 05:53 AM
Posted 28 November 2000 - 09:45 AM