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"it has recently been netting around $250,000 a day from the game — that’s after Apple takes its 30 percent cut." $7.5 million a month at the very beginning of
by wilfra 15y ago
"it has recently been netting around $250,000 a day from the game — that’s after Apple takes its 30 percent cut."
$7.5 million a month at the very beginning of their hockey stick growth, and they are willing to sell for $200 million? Deal of the century for Zynga...
They should have leveraged this into a massive funding round and started making acquisitions, growing etc. Nobody is ever going to compete with Zynga if people cash out to them the first chance they get every time.
- ido 15y agoHow do you figure it's only the beginning of a hocky stick growth? Draw Something might just start lose steam in a couple months, the game market is very hit-oriented and a lot of these games don't stay on the top of the chart for very long. The game industry graveyard is littered with 1 hit wonders that never managed to repeat their success after a single massive home run.
- pclark 15y agoA cowardly decision? Do you have any idea how stressful it is running a team of 30 employees and tens of millions of dollars in financing and not having a clear path to turn it into a successful company? OMGPOP made great video games for 5 years and none of them stuck. They deserve recognition for sticking to their vision and eventually finding one that is a hit, I can totally imagine why the team wants to sell and not have to worry about the next hit. It took OMGPOP over 5 years of concentrated efforts to succeed. http://en.wikipedia.org/wiki/List_of_games_on_Omgpop http://en.wikipedia.org/wiki/List_of_games_on_Omgpop Stop being so unbelievably rude.
- wilfra 15y ago"They deserve recognition for sticking to their vision and eventually finding one that is a hit" They absolutely do. But they are now the latest example of what not to do the second you finally gain traction. As I said in another comment, Facebook got this right. So many others do not, and it is really a pity in the social gaming space as there is a huge need for somebody to compete with Zynga.
- digitallimit 15y agoWhat the hell is "Games List?"
- digitallimit 15y agoWhat the hell is "Games List?"
- mdonahoe 15y ago"Nobody is ever going to compete with Zynga if people cash out to them the first chance they get every time." NimbleBit (TinyTower guys) rejected a Zynga acquisition offer. I hope that most game companies hate Zynga too much to allow themselves to be acquired by them. I guessing that OMGPOP's investors pushed heavily toward this solution after years of little traction.
- deleted 15y ago[deleted]
- Jach 15y agoSome people have the belief "I'm going to work real hard for X years and try to make enough so that I don't have to work at all if I don't want to for the rest of my life." I don't know if this is what the CEO thinks, but if it is, I don't think it's cowardly.
- potatolicious 15y ago> "Deal of the century for Zynga and a horrible, cowardly business decision for them to sell." You realize that OMGPOP is founded and staffed by real human beings, who are probably reading these threads today, right? I can respect the opinion that selling to Zynga was the wrong call - but your tone and wording is entirely inappropriate. If the founder and employees of the company were sitting across the table from you, would you still call them cowards?
- wilfra 15y agoFair enough. I could have made the same point with better wording. I removed that sentence. fwiw I was talking about the investors/CEO etc, the people who made the decision on the sale. Not the employees.
- dinkumthinkum 15y agoI just can't agree with you. Not selling could have been a big gamble in about 8 months if the fad cools down. I think it's a gamble for Zynga as well but they have the pockets to make such a gamble. The OMGPOP team has been around for awhile and have not had great success so I get it.