LogFAQs > #1030001

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TopicSillyCon Valley Vulture Capitalists: "MOBILE GAEMS R DYSRUPTING TEH INDUSTRY!!1"
iGenesis
04/14/12 11:54:00 PM
#13:


From: red sox 777 | #012
You're obviously trolling, but how are these vulture capitalists? They're anything but, because they're actually investing in Rovio's growth. And if they are, they're terrible vultures for giving so much money for Rovio to spend on its employees.


If I recall correctly (and I may not be) the $42M round led by Accel Partners was an unsolicited investment. If it weren't for this infusion of cash, the entire Angry Birds fad would have arguably run its course within a year's time. The reason being that Rovio would have had to live within their means, and there aren't enough profits to be derived from 99 cent apps to go on massive hiring sprees. After Accel's investment, now you have a stupid, never-ending fad milked to hell and back with merchandise, cookbooks, amusement park attractions, a cartoon series in the works, etc etc etc... all over a shallow 5-minute Crush the Castle imitation. And the only groups of people to benefit financially are the ~80 or so Rovio employees and ~20 or so Accel partners.

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