Kirill Gurskiy, the Managing Director of GEM Capital, a prominent Cyprus-based investment firm, focuses on investing in game studios within the multi-billion-dollar gaming industry. With over 20 investments in creative game development studios like Mundfish and Weappy, Gurskiy emphasizes the importance of effective communication between investors and game developers to mitigate risks and ensure long-term success.
The core principles of effective communication with game developers that Gurskiy highlights include finding a balance between art and business in game development, drawing clear boundaries between investor responsibilities and development team responsibilities, setting clear objectives and expectations, understanding the development process, embracing the developer’s vision, scheduling regular check-ins and updates, cultivating creativity, learning to wait, encouraging knowledge sharing, and building a relationship beyond just a transaction.
Gurskiy advocates for investors to respect the creative process of game development and encourage open discussions and brainstorming sessions to foster innovation. He also stresses the importance of patience and avoiding pressuring developers to compromise their creative vision, as well as promoting knowledge sharing among portfolio companies to leverage each other’s expertise and experiences.
Building a positive and trusting relationship with game developers is crucial for long-term success in the gaming industry. By understanding the unique challenges and aspirations of developers, investors can establish a strong partnership built on mutual respect and understanding. This healthy communication between investors and game developers benefits both sides and ultimately leads to successful investments and game development projects.
GEM Capital’s approach to working with game developers involves being actively involved in financial, legal, investment, and organizational matters to support studio leadership in areas where they may lack expertise. By providing guidance and resources in various aspects of game development, GEM Capital aims to help their portfolio companies achieve their strategic goals and navigate the challenges of the gaming industry effectively.
