Looks Like Zynga Just Bought OMGPOP For $200 Million

Post by digitallimit » Wed, Mar 21, 2012, 7:45 PM UTC

pclark wrote: post #41

wilfra wrote: post #37

"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…

A 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 n…

Post by YuriNiyazov » Wed, Mar 21, 2012, 7:46 PM UTC

pinkton wrote: post #74

jedc wrote: post #30

That rivals the Heroku for the biggest YC exit so far! (Heroku was ~$212million) OMGPOP would slot in at #2. https://docs.google.com/spreadsheet/ccc?key=0AkkhSN3vaY4jdF9... This likely means YC gets about $3-5million out of the deal, funding even more startups in the future. :) (edit: Originally wrote Flightcaster for some reason; meant Heroku. Was thinking of Flightcaster earlier today and got confused.)

> This likely means YC gets about $3-5million out of the deal, funding even more startups in the future. :) I'm fairly sure that YC doesn't recycle the money off from wins, but instead returns it to their investors. YC is a for-profit fund that uses other people's money to give about $20k cash and $20k of training in exchange for 6% of their company.

Post by dfxm12 » Wed, Mar 21, 2012, 7:49 PM UTC

citricsquid wrote: post #3

beatle wrote: post #2

amazing. everyone i know loves draw something. congratulations.

I think it's got a winning formula, whether or not it was intentional or an accident I don't know, but it does so many things right. It caters to casual players (I can pick it up, guess, draw and put it down) or hardcore players (draw + guess all day and all night), it forces people to provide value back to the player they're against (after guessing you have to draw to play another game) and it has a good micro trans…

Post by donky_cong » Wed, Mar 21, 2012, 7:52 PM UTC

untog wrote: post #10

Kind of sad. I mean, congratulations to OMGPOP, but I'd really like to see a decent competitor to Zynga out there. Their games are slow, buggy and overly instrusive, but no other company has the kind of traction they do. OMGPOP could have taken the hard route and built themselves up from the success of Draw Something. Oh well.

Post by digitallimit » Wed, Mar 21, 2012, 8:00 PM UTC

pclark wrote: post #41

wilfra wrote: post #37

"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…

A 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 n…