Kaiko was founded in 1990 by Peter Thierolf, Frank Matzke and Chris Hülsbeck (who became one of the most prolific compser of the early home computer eta). By 1993, Kaiko was deep in the red numbers and Hülsbeck claimed this was due to the bad marketing and business experience of its three members. They had been looking for financial and infrastructural assistance but to no avail and ultimately closed down in 1995. Two of Kaiko's games, Record of the Elf Saga and Miss Honeybee & The Shock of Magic never saw the light of their release day. The members went on to join other companies, such as Factor 5 and NEON.
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