Super Rewards founder Jason Bailey has announced they are teaming up with Pot Farm creators Josh Nilson and Galan Akin. They will form a new social game studio in Vancouver called Eastside Games using $1.5 million in angel funding.
If you have a good game with a 1 million MAU count, you can support a small studio, said Bailey. The gold rush is over, but there is still plenty of gold in the hills if you can sit down, shut up, and build compelling games the fit the social/mobile formulas. We want to build ten games with 1 million-plus MAU over the next couple of years. From an enterprise value, I d rather have ten 1 million-users games than one 10 million-users game.
Eastside and plans to release a new game before the end of 2011 called Zombinis, an odd collectible monsters game. Despite the profit to be had on platforms run by major companies, disparity in fees means that they’re looking at running things on their own site right now.
[That] way we own the user, we control the experience and we pay the lowest tax rate, Bailey says. Zuck and Jobs want a 30 percent cut, Google is talking about a much more fair 5 percent, but regardless, the safest place for us is to not be at the whim of one platform, high taxes, and draconian content restrictions.
Source: ISG
