GameStop digital exec leaves for venture capital firm
Former id Software veteran Steve Nix has joined Dallas Venture Partners
GameStop's general manager of digital distribution has moved on. Steve Nix has informed GamesIndustry International that he's left the games retailer to pursue a position as firm advisor with Dallas Venture Partners, which describes itself as "the financial partner of choice for technology entrepreneurs seeking to build a world-class business."
Nix said he's working on "multiple unannounced projects" with the venture capital firm. He also promised that he's "not leaving the gaming space," but would talk about that "soon."
"I enjoyed my time at GameStop as GM of Digital Distribution and being able to help grow digital revenue at a 48 percent compound annual growth rate during my two years there to $630 million. After a decade of being on the content and technology development side, I really appreciated the opportunity to learn the 'other side' of the retail video game business as an executive at GameStop," he said.
"I've had the good luck to be able to previously work in venture backed startups, mid-size technology companies that were ultimately acquired, and then being the acquirer in my most recent experience. I am tremendously excited to start working with emerging companies, engaged with disruptive technologies again that will see rapid growth in the coming years. I love building companies and I'm very happy to be able to work with the group at Dallas Venture Partners to pursue my passion there."
Nix was previously a director of business development and then a director of digital platforms for developer id Software. He left id to join GameStop in February 2011.