What does it take to build a $2 billion consumer Internet company in the UK? For starters, center it around a market that’s illegal in the US. Betfair, a marketplace that matches and executes some five million wagers everyday, went public earlier this year and is valued at more than $2 billion.
It has a few things in common with the other $2 billion-plus Internet win out of Europe, Skype. While… → Read More
When I wrote my BusinessWeek column on Zygna a while back, every venture capitalist in the Valley told me that Playdom was the company’s biggest competitor.
After all, it competes game-to-game, with similar mob-style and poker games, and was said to be doing the same revenues as Zynga with much higher profitability. (As my column pointed out, Zynga’s revenues are more like double… → Read More