Investment in to any business is always a gamble. Nobody during the initial stage will know how the business will grow and what will be the outcome of the business. If the business is innovative and brand new concept to the world, then the chance of failure is equal. A venture capitalist is an investor who either provides capital to start-up ventures or supports small companies that wish to expand but do not have access to equities markets. Venture capitalists are willing to invest in such companies because they can earn a massive return on their investments if these companies are a success. Venture capitalists also experience major losses when their picks fail, but these investors are typically wealthy enough that they can afford to take the risks associated with funding young, unproven companies that appear to have a great idea and a great management team. But it is how the idea and concept is market to the investment people like Amit Raizada that matters. If the innovators are able to make investors believe in their ideas than half of the good work is done that time it.
One such novel idea is to invest in video gaming industry. It is multibillion dollar industry with lot of players in that. In this scenario how unique your games and how you are going to take those games to the gamers will be the key in earning profits. Echo fox is one of the leading video games producers in the market and recently they got the investment from the Stratton Scalvos. Though there is no clear information is available how much money has been involved and what will be his position in the new company with the investment, deal has been signed some time ago itself.
After the investment has been done, company has added lot of high profile game players to their list. Previously AmitRaizada has invested lot of amount in the company. It is learnt that Scalvos is a long-time friend of Amit and CEO of the Echo Fox. He said he is living in LA for full time and both Rick and Amit are his long-time friends. So that is how he ended up investing in the gaming industry. As a company Echo Fox was founded in 2015 by Fox when he bought another company for $1 million as reported in the papers. Scalvos worked previously with various companies in various capacities before settling in Los Angeles.