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How the pre-seed round made a comeback in 2024

VC Cafe

While the answers are somewhat semantic, the pre-seed funding round is making a comeback in 2024 startup financing. Pre-seed rounds accounted for 14% of all seed stage deals in 2023, up from just 5% in 2020 according to Pitchbook data and I predict it will be even higher in 2024. Seed is about showing initial product market fit.

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Impressions from Pocket Gamer Connects in London

VC Cafe

One trend that was prominent at the conference was the rise of generative AI in gaming. The reasons for the reduced spend on US gaming include: reduced discretionary spend due to inflation, reduction in post-COVID gaming hours and a thinner release slate of big titles, according to Matthew Ball.