New World for Gaming Startups in 2023 | Jason Chapman, Konvoy Ventures & Josh Lu, a16z
The last few years have been full of huge changes to the F2P game development market as well as the competitive and funding environment for gaming startups. Huge changes such as the pullback and fall of crypto, the global economy/recesssion, and huge drivers such as ChatGPT, growth in PC gaming, etc. is driving a dynamic new environment for gaming startups as we head into 2023.
What will this new world for gaming startups look like?
I brought on 2 incredible guests to better characterize the new world for gaming startups heading into 2023:
1. Jason Chapman, Managing Partner at Konvoy Ventures: / jasondchapman
2. Josh Lu, Investing Partner, GAMES FUND ONE (a16z): / joshualu
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OUTLINE:
0:00 Problems for startups in 2023
1:19 Jason Chapman and Josh Lu intros
3:21 Current funding environment
7:33 Decline in valuations for later stage companies
9:44 VC environmental differences by geography e.g., India
13:40 LPs and capital call commitments - will they be honored?
17:15 Opportunity mobile vs. PC/console
20:10 Current outlook for Web3 companies
24:53 Investment advice to startup founders for current market
29:15 Brave new world vs. better, faster, cheaper startups in gaming
33:45 Macro-trends and impacts of global recession to investing
41:24 Biggest opportunities coming up e.g., ChatGPT/AI
48:04 What are big trends entrepreneurs should be aware of?
51:45 Strategic and operational advice for startups
👇 EPISODE LINKS:
- Jason Chapman: @jasonchap, / jasondchapman
- Josh Lu: @JoshLu, / joshualu
😃 -CONNECT WITH ME! -
• MY INSTAGRAM → @jokim1
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