Where did all the VC money go?
Summary by Mobilegamer.biz
1 Articles
1 Articles
Where did all the VC money go?
A lot of money was thrown around as the pandemic hit. The US Federal Reserve set interest rates near zero, so borrowing money was easy and cheap, and VCs funnelled that money into a sector that was booming at the time: games. Player spending on mobile games was estimated to reach $89.6bn across the Apple Store and Google Play Stores in 2021, 12% growth over an already successful 2020, according to Sensor Tower data. So everyone wanted a piece, w…
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