The Business of Games

When to step in: Ivan Carrillo on ownership, publishing, and saving a studio in trouble

Xsolla Season 2 Episode 51

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0:00 | 3:08

Welcome to Coffee.Press.Play., brought to you by The Business of Games Podcast, powered by Xsolla.

Recorded live at GDC 2026 inside the Xsolla Clubhouse, this series puts a twist on the traditional interview format: guests play a round of a classic video game against our Xsolla host and the outcome determines whether they face an easy question or a hard one.

In this episode, host Chris Hewish sits down with Ivan Carrillo, Managing Partner at Joystick Ventures — an investment fund and publisher supporting indie studios around the world.

Ivan's portfolio speaks for itself: a track record of successful releases, with more on the way. But before getting into any of that, he had to face Chris across a game of Super Smash Bros. — and came out on the losing end.

That meant the hard question. And Ivan's answer was more honest than most would offer in front of a camera.

What you'll hear:

  • How Joystick Ventures operates as both an investment fund and a publisher for indie studios worldwide
  • What happened when a portfolio studio wasn't delivering — and why Ivan chose not to write off the investment
  • What it actually means to "take over" development as a publisher, and what that costs in time, money, and trust
  • Why the studio Ivan stepped in to help is better off for it — and what that outcome reveals about how Joystick Ventures works

Let's get into it.

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