<p>MaC, an early stage firm formed from a merger of Cross Culture Ventures and M Ventures, invests in tech companies it believes will benefit from shifting cultural trends and behaviors. </p><p>Underlying much of the firm's optimism around the gaming industry is its maturity, general partner Michael Palank told dot.LA. Multiple generations have now grown up with gaming, from early Nintendo consoles to mobile games and newly immersive platforms like Fortnite. That familiarity has pushed the mechanics of video gaming – taking action, leveling up, expanding your in-game persona – far beyond a traditional leisure activity, he said.</p><p class="shortcode-media shortcode-media-rebelmouse-image">
<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDQ0ODEzMi9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY0NTM3NzU4NH0.smnfODhQF1R6u7DG6hFObQUgeYtTXCCo5PZ0FDXEVLE/img.png?width=980" id="e9f2f" class="rm-shortcode" data-rm-shortcode-id="e8e682434867792bdc797b5bf1a7ee8d" data-rm-shortcode-name="rebelmouse-image" data-width="673" data-height="449" />
<small class="image-media media-caption" placeholder="Add Photo Caption...">A graph from MaC Venture Capital's report highlights gaming's growth in 2020.</small><small class="image-media media-photo-credit" placeholder="Add Photo Credit...">Image from MaC Venture Capital</small></p><p>In addition to merging into other sectors, those tropes are starting to inform how people operate in new spaces, including what industry observers have termed the "metaverse." MaC sees this space as a virtual world "where we will not just play games but socialize with friends, shop, learn, earn a living, perform, transform, travel and escape.<br/></p><p>"Many believe that the metaverse will not only be the next great computing platform — one that rivals the internet itself — but also a virtual world where billions of people come to transact trillions of dollars," the report says. </p><p>The ubiquity of gaming has created a stronger desire among consumers to be able to participate in their content. </p><p>And, especially among young people, the way one's digital self is presented to the world is closing in on its real-world analog. </p><p>"Your inventory of items, the character you play with, the skins you have, the avatars you choose – these things are becoming as important as wearing a Starter jacket was when I was in high school," Palank said.</p><p>MaC is currently raising capital for its next fund; Palank said he expects about 25% of it will be deployed to gaming.</p><p>The report, entitled "<a href="https://macventurecapital.com/in-the-news/stcgaming/" rel="noopener noreferrer" target="_blank">The State of Technology & Culture: Gaming Takeover</a>," touches on gaming's darker side as well, including its issues with misogyny and a lack of diversity among developers and characters. This, despite the fact that people of color have a proportionately higher engagement with gaming, as the report details. </p><p>"There is a lot of work to be done to ensure that this new gaming-influenced world is the kind of world in which we want to live," the report states.</p><p class="shortcode-media shortcode-media-rebelmouse-image">
<a href="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU3MTIzMy9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxODg2OTMxOX0.uVtWcp3syyDKzC5fSNSW_6iNjGLSaAuTLnr0WPu85Q0/img.jpg?width=980" target="_blank"><img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU3MTIzMy9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxODg2OTMxOX0.uVtWcp3syyDKzC5fSNSW_6iNjGLSaAuTLnr0WPu85Q0/img.jpg?width=980" id="4320d" class="rm-shortcode" data-rm-shortcode-id="8bab1ab029d743755463ebdf5e99fe26" data-rm-shortcode-name="rebelmouse-image" /></a>
<small class="image-media media-caption" placeholder="Add Photo Caption...">PlayVS employs has key relationships with educational institutions as well as partnerships with major game publishers including Riot and Epic.</small>
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Image from PlayVS
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</p><p>As for what MaC will actually do to avoid a world of underrepresentation and gaming addiction, among other potential problems, the firm's partners ascribe to a philosophy of "investing in the future that we want to see," Palank said.<br/></p><p>For example, Cross Culture Ventures was an early investor in PlayVS, <a href="https://dot.la/playvs-high-school-esports-2647048099.html" target="_self">a company that enables high schools and colleges to run esports programs</a> and participate in leagues and tournaments. Palank pointed to the priority that PlayVS places on increasing access to gaming as one reason the firm found it appealing. The company was founded by Delane Parnell, who is Black.</p><p>"If it were a team that didn't care or know about diversity challenges in gaming and had no passion about rectifying those issues, I think PlayVS would have been a less attractive investment," Palank said.</p><p>The report also highlights L.A.-based <a href="https://glowup.games" rel="noopener noreferrer" target="_blank">Glow Up Games</a> and <a href="https://dot.la/run-by-ex-jam-city-executive-robin-games-raises-7-million-to-build-lifestyle-games-2645528288.html" target="_self">Robin Games</a> as companies poised to bring more diversity to the industry. </p><p>Los Angeles is likely to play a big role in the firm's investment strategy. Palank said he expects at least half of the fund's future bets will be L.A.-based. </p><p>MaC's L.A.-based investments in gaming also include Artie, which is <a href="https://dot.la/artie-2647773915.html" target="_self">seeking to change how mobile games are distributed</a>; FazeClan, whose <a href="https://dot.la/faze-clan-2646120733.html" target="_self">culture-shaping initiatives</a> include retail, esports and content production; and Within, whose <a href="https://wonderscope.com" rel="noopener noreferrer" target="_blank">Wonderscope app</a> is designed to give kids AR-enabled interactive story experiences.</p>From Your Site Articles
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