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Mochi Media Acquired By Shanda Games For $80 Million
- deleted 17y ago[deleted]
- joshu 17y agoCongrats to Heyzap, which competes with them.
- paraschopra 17y agoHow is it beneficial to Heyzap?
- mbrubeck 17y agoIf nothing else, it points to one possible viable exit.
- patio11 17y agoSuccessful competitors are God's way of signalling that there is money to be made in a field. Most markets are not winner take all and can support several firms, so if you're trying to demonstrate to a skeptical observer that your idea has value, you can say a) "Look at X, they're successful." and b) "You can't buy X at any attractive price, but happily for you, we're still cheap. Comparatively speaking." That assumes you care about acquisitions. If you don't, though, same deal except you get to convince yourself. If one of my competitors mentioned they're making, say, a few million, that would be great news for me: it would mean there's a few million to be made. (I used to think my entire market generated probably $100,000 in sales a year. I'm thinking that probably substantially underestimates the current total, and think the size of the pie can still be increased.)
- nopinsight 17y agoI agree with the benefits mentioned. There are probable drawbacks too, however. Usually the acquirer has some strengths that will expand the market penetration of the company being acquired, in addition to larger coffers to invest. This could mean tougher competition for their competitors (except when the acquirer focuses on different market segments from these competitors.)
- davidw 17y agoAcquisitions are a time when companies get distracted and in some cases change direction completely. For instance, Slicehost dropped the ball (just a little bit, not a lot) when they got acquired, and people have been moving over, or starting fresh with Linode.
- jcl 17y agoNot to mention that the acquiring company's core business is making and running big multiplayer games, not maintaining a payment platform for game authors. It's possible they just wanted the technology for their own games, which opens the middleware space for competitors -- sort of like EA's acquisition of RenderWare.
- joshu 17y agoMost acquisitions fail. The founders get distracted or leave. Key employees get frustrated. And so on.
- mbrubeck 17y agoThe TechCrunch article doesn't mention it, but Mochi has made some major contributions to Python/Erlang open source and Erlang evangelism for quite a while, including the MochiWeb HTTP server: http://code.google.com/p/mochiweb/ http://code.google.com/p/mochiweb/
- mace 17y agoYep, agreed and I believe they created the MochiKit and SimpleJSON projects as well. FWIW, MochiWeb is also used by CouchDB and some other Erlang projects too.
- daleharvey 17y agoas well as facebook chat
- amix 17y agoCongratulations to Bob Ippolito, a true hacker and co-founder & CTO of Mochi Media and a guy behind many open-source projects such as MochiWeb, PyTyrant and MochiKit :-)
- gruntruk 17y ago+1 on the congrats to Bob and the team at Mochi. His contributions to Python and Erlang development have always been interesting to check out.
- grayrest 17y agoI'll toss in my congratulations to Bob and to Jameson and Ryan as well. Ryan doesn't get a lot of credit, but he's one of the few people out there who can pull off a Web 2.0 design that's clearly identifiable as such but isn't derivative.