Executive Summary Review - Howling Moon Designs - Lesson #2 - Very Early Stage
The further along a company has gone towards generating real revenues and income, the easier it is to attract capital.
Howling Moon Designs has yet to deliver a prototype and is asking for enough money for the 3-4 years it will take to build the game.
Unless you've make a lot of money for investors doing it before or have a big customer lined up, investors are highly unlikely to risk a large amount of money for 3-4 years of development work.
Investors would rather finance marketing and expansion instead of research and development. You need to show as much as possible how the money will go towards sales and marketing and crunch down on your research and development timeline. There aren�t that many venture capitalists who are interested in funding ideas anymore.
Next - Lesson #3 - Get A Management Team
Would you like your Executive Summary reviewed? Click on the "Get Your Plan Reviewed" button at the top of the page.
Howling Moon Designs has yet to deliver a prototype and is asking for enough money for the 3-4 years it will take to build the game.
Unless you've make a lot of money for investors doing it before or have a big customer lined up, investors are highly unlikely to risk a large amount of money for 3-4 years of development work.
Investors would rather finance marketing and expansion instead of research and development. You need to show as much as possible how the money will go towards sales and marketing and crunch down on your research and development timeline. There aren�t that many venture capitalists who are interested in funding ideas anymore.
Next - Lesson #3 - Get A Management Team
Would you like your Executive Summary reviewed? Click on the "Get Your Plan Reviewed" button at the top of the page.
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For more information, visit www.EvanCarmichael.com. |
1 Comments:
The last 9 months a lot of research and development has already gone into the game. Most games take about 3 years to develop, and MMORPG games take longer because of all the content that needs to be added into the game. You cannot simply have a prototype and take that to mass market in 6 months with a game. If you talk to all game developers they would say it takes at least 3 years to make a game especially now for the next generation of games.
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