Even among what you might call "consumer-targeted games", investing seems quite different among different budgets and audiences as well. For example IndieFund h

Even among what you might call "consumer-targeted games", investing seems quite different among different budgets and audiences as well. For example IndieFund has been quite successful as an investor by picking a specific niche that the people running it understand well enough to pick promising games, and provide relevant advice to the companies they fund. But this list of games is hardly a random subset of games in general: http://indie-fund.com/games/ http://indie-fund.com/games/ Other investors I've run into also seem quite specialized. A bunch focus on mobile games. One that I've had second-hand contact with invests only in simulation games sold in boxed copies in Germany (this is a surprisingly large market). And then the console market is a whole other kettle of fish, because the console makers themselves have a pitch and funding process, which changes the dynamics a bit.