US election result was already priced into forward FED interest rates.
2Y is 4.2%
10Y is 4.4%
i.e. loan markets are expected to be flat over the next 5Y+
Smart money should exit cash positions into higher yielding corporations with proven business models.
Though, relative to 2009-2022, not many speculative businesses will be started with IRL loans at 5.5%+
I think the funding landscape in games will recover slowly next year from the mass retraction over the past 2 years, but will be far from the levels of investment 4 years ago.
In the short to medium term, expect to need to show near-finished game slices with proof of market interest to unlock good funding deals from a reduced number of funders.
This market requires developers to assume more risk before being able to access runway capital.
Jeff STARGAZY Sheen