Back to collectionTwelve VC Inquiries, but No Deal Yet
Background: Blockchain gaming interest rose alongside the Axie income rumor, while the studio continued working on its own product rather than announcing new on-chain progress. Today: VCs began collectively pursuing the blockchain gaming sector, and the team received twelve inquiry emails in one day. Impact and next steps: A warmer funding climate gave the studio more openings for discussion, but twelve inquiries did not mean an investment had been secured.
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Background: Blockchain gaming interest rose alongside the Axie income rumor, while the studio continued working on its own product rather than announcing new on-chain progress. On Wednesday, fundraising interest shifted suddenly from a single conversation to a batch of messages, and the team had to decide how to respond with limited development time.
Today: VCs began collectively pursuing the blockchain gaming sector, and the team received twelve inquiry emails in one day. The flood of messages brought opportunities for further funding conversations, but would also take attention away from product work; the team first needed to decide which inquiries merited a closer conversation.
Impact and next steps: A warmer funding climate gave the studio more openings for discussion, but twelve inquiries did not mean an investment had been secured. Next, the team needed to sort the emails, screen the terms, and schedule conversations while keeping outside interest from replacing evaluation of the product experience. What, if anything, would come of the talks remained unknown.