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Games Industry Venture Capital Plummets

Posted by simoniker on from the advanced-chocolate-cake-delivery-system dept.

Thanks to ElectricNews.net for a synopsis discussing the difficulty of raising venture capital for the games industry. They reference a Wall Street Journal article mentioning that only USD37 million was invested in games-related firms in the US in 2002, down from USD66.9 million the year before and a peak of USD295.3 million in 1999. According to the article, apart from the wider downturn in VC activity since the late 1990s: "'Historically, in the games business, a lot of companies really succeeded by hitting it big with one blockbuster,' says Jon Callaghan, managing director at Globespan Capital Partners. 'As a VC, it's very hard to invest in that.'"

10 of 22 comments (clear)

  1. fp by Anonymous Coward · · Score: -1, Offtopic

    I used venture capital to fund this FIRST POST!!!

  2. sp by Anonymous Coward · · Score: -1, Offtopic

    I got a fresh infusion of venture capital to fund this SECOND POST!!!

  3. tp by Anonymous Coward · · Score: -1, Offtopic

    They gave me even more capital to get tp, I hope they meant THIRD POST and not toilet paper... because we are down to the last few sheets on the roll.

  4. fp by Anonymous Coward · · Score: -1, Offtopic

    I have so much VC that I am not only able to get the first FOUR posts in this story, I just lit a fine cuban cigar with a 100 dollar bill and had sex with a hooker. And not a cheap streetwalker, an expensive, high class, escort.

  5. fp by Anonymous Coward · · Score: -1, Offtopic

    This is getting ridiculous, I cannot believe investors would give me millions of dollars to post in this story before anybody else does! This is the FIFTH POST and I am the only person to post!!! Where the hell is that YOU DID IT!!! guy, he needs to congratulate me many times for my continued success in this story.

  6. sp by Anonymous Coward · · Score: -1, Offtopic

    SIXTH POST!!!

    Perhaps developers should move out of the failing games industry and into the thriving First Post industry. Look at me, just yesterday I was a huge failure, but today I have gotten the first 6 posts in this story, and as of now I haven't been modded down.

  7. sp by Anonymous Coward · · Score: -1, Offtopic

    SEVENTH POST!!!

    How long will this madness continue. Please, somebody post to this story, I am getting tired but I just cannot turn away. I want to see how far I can go. Please do not mod this down right away, let me get as far as I can before getting IP blocked.

  8. The madness... by Anonymous Coward · · Score: -1, Offtopic

    has ENDED!

  9. ep by Anonymous Coward · · Score: -1, Offtopic

    EIGHTH POST!!!

    This rocks, I got ep. I must have lots of Endurance Points to be able to continue posting before anybody else can.

    1. Re:ep by Anonymous Coward · · Score: -1, Offtopic

      Well, I finally failed it. This was not the eight post, the madness is over.

      It was a good run while it lasted, and it will occupy a special place in my heart as one of my fondest slashdot memories.