I have always considered the gaming business, especially social gaming, to be similar to the pharma industry. Basically, if you are investing, you are not so m

I have always considered the gaming business, especially social gaming, to be similar to the pharma industry. Basically, if you are investing, you are not so much investing because of one game or one drug. You are investing based on their ability to execute and the pipeline of games for the future. It is a bet that the pipeline will be robust enough to generate future cash flows as current games lose popularity and are ripped off by rivals (being released as generics). Looking at a team that has only created one game or has just one game in development is more akin to taking a wildly speculative bet.