Managing partner at Remagine Ventures. Invest in seed and pre seed Entertainment Tech, gaming, AI and next gen consumer startups. Follow me on Twitter at @ediggs
“To find a needle in a haystack, it’s helpful to know what a needle looks like. To find the right investor, know exactly what you’re looking for in a partner.”
For example:
in consumer subscription models, keeping over 50% of revenue after 1 year puts you in the top quartile. For B2B SaaS, conversion from trial to paying customer needs to be at least 7% to reach the industry benchmark. More in the post.
1. mobile gaming bounces back
2. Metaverse finds its mojo in enterprise use cases
3. Streaming and cloud gaming offer new gaming monetisation
4. AR, VR and XR have their 'iPhone moment' in Apple's new headset launch
5. Generative AI enters gaming in a massive way
I tend to agree with you. Even though there are specialist funds in deep tech, the available capital is less than traditional SaaS. The cycles are longer in deep tech, and require a bit more 'patient capital.
That said, deep tech startups know to access a range of subsidies and grants that are equity free in a way that more traditional startups don't.