124. What I Wish I Knew Before Fundraising in 2024

Rise and Play Podcast

We continue our short series on fundraising in games in 2024, following the journey of Sophie Vo, founder of Rise and Play and CEO of Kylan, a new studio created in 2024.

In this episode hosted by Clair Rozain, Sophie shares what she wishes she had known before fundraising and how she would approach it a second time with all she has learned: start by bootstrapping instead of relying solely on VC/fundraising, have a founding team who can build the product, and be critical about your business like an investor.

A hard self-reflection question: If you had to invest your own money in your business, would you do it? If the answer is no, then how can you expect other investors to invest in you too? What do you need to change or pivot to make it investable for yourself?

This episode will provide insights on mistakes to avoid before fundraising with VCs.

00:19 Launching a New Game Company: Insights and Challenges

01:16 Deep Dive into Pitching and Fundraising in 2024

10:06 Understanding the Venture Capital Landscape

22:32 Empowering Women in Gaming and Entrepreneurship

27:41 Reflecting on the Pitching Experience and Looking Ahead

30:21 Closing Thoughts and Future Directions

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