Hit by recent taxation laws, the six-year-old startup has shifted its focus from real-money gaming to big-budget video games. But the road ahead is not all that smooth.
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VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
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