We speak to Team17 CEO Debbie Bestwick to understand the challenges of building a high-growth tech business and how partnering with the right investor can help firms to compete in an ever-evolving and competitive industry.
WHAT ARE YOUR TIPS FOR BUILDING A HIGH-GROWTH BUSINESS?
The key to growth is to know your product inside out, to be alert to new developments and technologies, and to always be on the lookout for good ideas. It’s also important to take the time to refine and perfect them.
No matter how good your product is, the value of sheer hard work can’t be underestimated.
I started off working part-time in a video games store when I was 17, and through pure effort, I made it something before progressing through the industry. My whole career has developed along the same sort of lines. There are few greater pleasures than taking something small and making it into what you feel it could and should be.
WHAT IS THE IMPORTANCE OF PARTNERING WITH THE RIGHT INVESTOR?
For me, it’s important to surround myself with the right people. Those that will help you reach your potential. In many cases, this inner-sanctum will be made up of industry experts, but entrepreneurs should never be afraid to look outside the industry for people who can complement what they do.
The same principle applies when looking for an investor. It’s about building a team around you that offers expertise to complement your own, leaving you to refine your product while your partners ensure it has a solid foundation to sit upon.
One of the key reasons why we opted to do business with LDC is the fact the team understood the importance of our business model, and our philosophy of nurturing new talent and supporting partners. They’re on the same page when it comes to growing sustainable studios and creating successful IP, which is vital to us.
Ultimately, though, LDC underpins our team’s expertise and brings experience of working with businesses that operate overseas. This leaves us best-placed to pursue our ambition of becoming a major player in the global games market.
WHAT ARE YOUR PLANS FOR THE FUTURE?
Our ambition is to build Team17 into an international label, and in LDC, we have a partner that will help us get there.
In the immediate future, we’re focusing on our next releases; Playtonic’s Yooka-Laylee, Mothership’s Aven Colony and recently acquired Mouldy Toof’s Escapists 2. We also have plenty of other plans in the pipeline; 2017 is already set to be an exciting year!View Team17 in Our Portfolio