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February 25, 2011 07:00 pm GMT
My, how things change. A few years ago, anyone proposing that Facebook games would turn into a wildly profitable multi-billion dollar industry would probably be met with some pretty strange looks. Yet now market-leader Zynga has a higher valuation than Electronic Arts. Some might say the gold rush has passed, and that the entrenched players are going to be impossible to beat, but now a new wave of companies has set its sights on a related, but fundamentally different genre: casual mobile gaming.Today, a startup called TinyCo (formerly known as Brooklyn Packet) has closed an $18 million funding round led by Andreessen Horowitz, and they're setting out to become the most successful mobile gaming company out there. It's a lofty goal and TinyCo has some steep competition, but their thesis "that mobile gaming is about to take off in a huge way "seems right on the mark. Oh, and they now have Marc Andreessen on their board, which isn't a bad start.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GqzB1oK1YPk/
TinyCo Raises $18 Million From Andreessen Horowitz For Mobile Gaming
My, how things change. A few years ago, anyone proposing that Facebook games would turn into a wildly profitable multi-billion dollar industry would probably be met with some pretty strange looks. Yet now market-leader Zynga has a higher valuation than Electronic Arts. Some might say the gold rush has passed, and that the entrenched players are going to be impossible to beat, but now a new wave of companies has set its sights on a related, but fundamentally different genre: casual mobile gaming.Today, a startup called TinyCo (formerly known as Brooklyn Packet) has closed an $18 million funding round led by Andreessen Horowitz, and they're setting out to become the most successful mobile gaming company out there. It's a lofty goal and TinyCo has some steep competition, but their thesis "that mobile gaming is about to take off in a huge way "seems right on the mark. Oh, and they now have Marc Andreessen on their board, which isn't a bad start.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GqzB1oK1YPk/
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