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Friday, May 22, 2009
The Pitch
Chump Studios seeks funding to develop action-puzzle game
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Chump Studios LLC
Headquarters: Somerville
Employees: 3
Founded: 2008
Web: www.chumpstudios.com
E-mail: mrchumpy@chumpstudios.com
Phone: 978-806-1946
The Pitch: Chump Studios says it is seeking funding to produce its downloadable video game.
PITCHING THE TECHNOLOGY
Chump Studios is developing an action-puzzle game called “Unlucky Planet: Monsters!” The company calls the game’s aesthetics “cool,” and says the genre in which it operates, casual games, is well-established in the gaming market. Chump Studios plans to self-publish the game — the company says using digital distribution allows developers to cut out traditional publishers and distribute games directly through the console platforms. The company says downloadable games are cheaper to produce, have shorter development times, and can be brought to market quicker than traditional console games. The company plans to distribute the game through the major gaming platforms, such as Microsoft Corp.’s Xbox 360, Sony Corp.’s PlayStation 3, and Nintendo of America Inc.’s Wii.
PITCHING THE PEOPLE
Who is on the management team? Eric Krasnauskas, owner and creative director; Chancellor Peterson, director of business development; Josh Corn, chief technical officer.
Have executives been involved in a cashout prior to this venture? No.
Who is on the board of advisers? The company has not yet formed a board.
PITCHING THE BUSINESS
How much money is being sought? The company says it is seeking $300,000 or more to fund the development of its flagship game.
What partnerships, collaborations or affiliations are already in place? None.
List any federal or state grants, contracts or awards received: None.
What’s the market size being pursued? Chump Studios estimates the downloadable games market at $5 billion, and says it expects the market to triple by 2012.
Who are the likely competitors, direct or indirect? Companies such as Infinite Interactive Pty Ltd., Popcap Games Inc., and MumboJumbo LLC make online casual games and would compete directly with Chump Studios, according to the company.
Is the company profitable? No.
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