Ed Fries spent decades creating games at Microsoft Game Studios and co-founding Xbox before becoming an investor, giving him unusually deep understanding of game development compared to typical finance-background VCs. At 1Up Ventures, he makes many small checks into around 50 game studios per fund to create a tight founder community that shares knowledge, while focusing exclusively on companies that make and sell games rather than tools or infrastructure.
What they've been talking about across their social media accounts

- Nostalgia and deep pride regarding the history of the original Xbox. Frequently shares photos of rare memorabilia from the console's launch era, such as a notebook filled with early business deal notes or internal gifts given to the team when specific games shipped.
- Current interest in generative artificial intelligence and its creative applications. Recently experimented with having a voice assistant write a limerick about a family pet and shared content linking large language models to humor and comics.
- A focus on the business and operational side of the gaming industry, specifically studio acquisitions and partnership milestones. Highlights physical mementos representing major business deals, such as the acquisition of development studios like Rare and FASA.
- Strong affinity for Japanese culture and game development history. Often reminisces about time spent in Tokyo or collaborations with Japanese creators, sharing unique items like a ceremonial sword received from a developer or a sake cup featuring an early logo prototype.
- Appreciation for the intersection of art, personal creative projects, and technology. Highlights personal artwork displayed in museums and celebrates historical milestones in the arcade gaming world.
About their Fund
Sectors
Gaming / VR, Consumer, Web3 / Crypto
Rounds
Seed - Series A
Avg Check Size
$500K
Notable Investments
1Up Ventures is led by Xbox co-creator Ed Fries and makes around 50 small checks of $500k each exclusively to game developers, then connects those founders into a curated global peer community where the majority of management fees fund shared industry data, expert sessions, and retreats. The fund intentionally positions itself as a follow-on investor that serves as the "community add-on" to funding rounds, with roughly one-third of portfolio companies being female-founded or co-founded as part of building games "for everyone."
Other partners at the fund
No items found.
Notable Fund
Investments
No items found.
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