General
- Please provide the current legal structure.
- Please provide the current cap table.
Finance
- Please send the studio's PnL/business model for the past 2–3 years, forecasts for the next 2–3 years, and, if available, revenue forecasts by project(s).
- Current burn rate and target burn rate.
- Are there any financial obligations, including loans?
- Have you received any investments before? Please describe the terms, amounts, and current status of your relationship with the investor.
- What funds are you using to operate the studio now?
- Do you have any released games in your portfolio? What are their results?
Plans
- What are your plans for the next 3–5 years? How many and what kind of games do you plan to release? What will you specialize in? What size do you aim to be?
- What are the founders' personal plans and goals regarding the company? Do they plan to sell it in a few years or remain owners and develop a dividend business?
- How do you plan to spend the investment funds?
Partnership
- What resources, criteria, and expertise are most important to you in your potential partner?
- What approximate partnership terms are you interested in?
Team
- How many people are on your team? How are they distributed globally? How many more people do you plan to hire?
- What experience do the people on your team have? What projects have they released? Which companies have they worked for?