What Venture Capital Firms Look for in a Game Studio
summary
Hero Capital is a 10-person VC that screens thousands of game opportunities a year and invests in about 1% of opportunities, targeting early post-seed studios with roughly $0.5M–$10M revenue that can scale globally. Key bets include cross‑platform IP, multiplayer/social hooks and transferable tech; examples: Polyarc earns north of $10M from VR, Flavorworks ships a branching FMV narrative across platforms, and LiveLike integrates hundreds of VR titles for streaming. The fund plans ~12–15 studio investments and intends to deploy another $40–60M.
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chapters (7)
- 0:00Venture capital in gaming
- 2:49Games as tech adoption
- 6:06Gaming industry evolution
- 11:47VC for your studio
- 16:41Funding accelerates growth
- 23:02What venture capitalists look for in studios
- 30:22Hero Capital's mission
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