Rick Thompson is starting up a game company called Wild Needle. The former chairman and co-founder of Playdom (which was bought by Disney) is hoping to focus on location-based social games.

Wild Needle represents a shift in the way smart money is thinking of social games, said Thompson.

Thompson sees a lot of potential in location-based games for mobile phones because they’re always connected. The first title will target women specifically.

Source: VentureBeat