Panelists: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ignacio Monereo,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Felix Braberg, Matej Lancaric⁠

Youtube: https://youtu.be/ZdPgvU0v_Sk

Join our slack channel here: https://join.slack.com/t/two-and-half-gamers/shared_invite/zt-29stniv6f-oLJzhx2U_mRB_ppXnJ9hvQ

---------------------------------------

Summary

In this conversation, Nacho Monereo, a partner at Boost Capital, shares his career journey from working at Google and Facebook to becoming a venture capitalist. He discusses the requirements and skills needed for a VC role, including the importance of relationships and sales skills. Nacho also explains the due diligence process and how to filter and analyze pitch decks. Additionally, Nacho discusses deal flow strategies and the challenges of closing deals and deploying capital. He also shares his preference for investing in mobile games and explains how gaming principles can be applied to other industries. The conversation then delves into the process of pitching a game to a VC, considering bootstrapping as an alternative, and the factors VCs consider when funding a game or company. Nacho provides advice on when to approach VCs, the importance of diligence on VCs, and the benefits of executing quickly and diversifying funding.

---------------------------------------

Agenda

00:00 Introduction and Background

01:05 Career Journey

03:26 Transition to Venture Capital

05:49 Challenges at Google Play

12:55 Due Diligence Process

17:33 Filtering and Analyzing Pitch Decks

20:06 Ideal Time to Reach Out to VCs

23:23 Ticket Sizes and Pro Rata

38:18 Closing Deals and Deployment

39:28 Preference in Gaming and Investments

39:55 The Difficulty of Free-to-Play Mobile Games

41:27 Investing in Mobile Games

42:25 Applying Gaming Principles to Other Industries

43:39 Pitching a Game to a VC

44:42 Considering Bootstrapping

45:41 Factors to Consider in VC Funding

47:00 Building a Successful Game or Company

49:21 When to Approach VCs

52:07 Executing Quickly and Diversifying Funding

---------------------------------------

Takeaways

Building relationships and having strong sales skills are crucial for a venture capitalist.

The due diligence process involves analyzing the team, product, market, and round details.

The team's experience, vision, and ability to work well together are key factors in investment decisions.

Deal flow can be generated through networking, referrals, and proactive outreach.

Closing deals requires careful consideration of legal clauses and other provisions.

Investment preferences can vary, but a focus on mobile gaming and other emerging trends is common. The mobile gaming market is highly competitive, but there are still opportunities for success and exits.

Investors in the gaming industry prefer mobile games due to their familiarity and comfort in making investment decisions.

Gaming principles, such as user acquisition, engagement, retention, and monetization, can be applied to other industries like FinTech, HealthTech, EdTech, and PropTech.

When pitching a game to a VC, it is important to have a clear vision, a strong team, and a focus on building a successful game or company.

Consider bootstrapping and validating your game concept before seeking VC funding.

---------------------------------------

Please share the podcast with your industry friends, dogs & cats. Especially cats! They love it!

Hit the Subscribe button on YouTube, Spotify, and Apple!

Please share feedback and comments - [email protected]