Back to collectionThree Hours on Valuation, with Terms Still Open
Background: The studio was weighing its card game's on-chain ambitions against the resources it actually had. Today: The two sides spent three hours discussing how to value the studio. Impact and next steps: The negotiation moved fundraising from a vague expression of interest to concrete conditions, while forcing the team to confront the gap between valuation and actual progress.
A creative chronicle combining project history with imagined scenes. Story events are not verification of network activity.
Background: The studio was weighing its card game's on-chain ambitions against the resources it actually had. On Friday, a VC entered term negotiations, and the team first needed to understand the valuation basis before judging whether the funding arrangement might constrain the product's direction.
Today: The two sides spent three hours discussing how to value the studio. The discussion was not simply about assigning a number; it also touched on which expectations could be written into terms while the product was still being refined and the on-chain approach remained unsettled. The long discussion showed that they had not yet agreed on a common basis.
Impact and next steps: The negotiation moved fundraising from a vague expression of interest to concrete conditions, while forcing the team to confront the gap between valuation and actual progress. Whether to accept the proposed basis remains undecided; next, the team must check how the terms would affect development pace before deciding whether to proceed.