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HELLO GIANT

Los Angeles, CA

MAY 26, 2026

00

STUDIO

TBD (BIG MEDIUM SMALL PRIMARY CANDIDATE)

TYPE

CO-DEVELOPMENT (HG SENIOR CO-FINANCIER)

HG CAPITAL

$8.0M OF $18M

STATUS

CONDITIONAL — STRONG WITH EXECUTION-DEPENDENT UPSIDE

DOCUMENT DATE

MAY 5, 2026

PREPARED BY

HELLO GIANT CAPITAL

3D narrative roguelike action set in Ben Mauro’s Huxley universe — Ronin clone lifecycle as run loop, persistent AI companion (Huxley-the-robot) as meta-narrator. $8M HG co-dev in $18M project (Mauro IP equity $4M + co-financier $6M). Direction A of A>B test on Huxley IP.

HUXLEY (ROGUELIKE)

HELLO GIANT

Los Angeles, CA

MAY 26, 2026

02 / 05

AUTH

EXEC

ORIG

MKT

TOTAL

BM_BASE

BM_BULL

4/5

2/5

5/5

3/5

14/20

1.00

0.90

THREE-INGREDIENT BELIEF SCORE

METRIC

BEAR

BASE

BULL

WEIGHTED

Lifetime units

200K

750K

2.0M

HG MOIC

0.51x

1.70x

4.06x

1.65x

HG XIRR

-18.0%

16.2%

47.0%

0.5%

HG proceeds

$4.06M

$13.62M

$32.50M

$13.17M

HEADLINE METRICS

HELLO GIANT

Los Angeles, CA

MAY 26, 2026

03 / 05

KEY RISKS

THESIS

Rare creator alignment — Mauro’s universe was built with the Ronin retirement cycle as core lore. Most roguelikes wallpaper meta-narrative onto a mechanic; Huxley’s narrative GENERATES the mechanic, with Huxley-the-robot as persistent meta-narrator across runs. Mauro’s 12-year AAA concept-design pedigree (Halo Infinite, Hobbit, Elysium, Last of Us) sets visual quality bar far above typical AA roguelike. 3D AA roguelike at $15–20M is near-white-space — opportunity and risk.

Studio TBD — highest single execution risk; 3D AA roguelike at this budget = white-space (Curse of the Dead Gods at ~500K is only comp). Pre-T1 hard gate: studio sourced and locked. Big Medium Small (2022 Huxley vertical slice team) is candidate but pivot from FPS to roguelike must validate.

First original-IP video game adaptation of Huxley. Mauro IP equity ($4M) materially aligns IP holder; Mauro retains creative direction.

HELLO GIANT

Los Angeles, CA

MAY 26, 2026

04 / 05

WHERE TO GO DEEPER

CONDITIONAL APPROVAL. The most genuine “creative bet” in the slate (Originality 5/5). The IP is validated ($15M digital comic sales), narrative-mechanical fit is clean, Mauro art bar is high. Pre-LOI: studio sourced and locked (vertical slice scoping document validating creative direction); Mauro IP licensing terms papered (carves from project residual not HG waterfall); co-financier identified and committed; cross-deal IP concentration disclosure for both Huxley deals.

RECOMMENDATION

HuxleyRoguelike_Investment_Memo.docx — full memo

HuxleyRoguelike_Financial_Model.xlsx — deal model

Huxley Awakens/HuxleyAwakens_Investment_Memo.docx — Direction B companion deal

Hello Giant Capital/Hello Giant Capital Cash Flow Model.xlsx — slate position (Game 06)

HELLO GIANT

Los Angeles, CA

MAY 26, 2026

05 / 05