Malte Paul's Blog

Entrepreneurship & Co.

Archive for August, 2010

PSSSST, top secret: WWG to launch the next white label portal

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It has been less than a month that I have posted the news that WWG’s portal has a new design and that during the re-design process we have totally reworked the source code behind our portal. Now we are only a few days away from announcing (and launching) another white label version of this portal. Read the rest of this entry »

Written by Malte

August 28th, 2010 at 3:30 pm

Frogster takeover by Gameforge – deal analysis

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Gameforge, a leading online games company with more than 100 million registered users has announced the takeover of 60% of Frogster AG at €25.00, valuing the company at €70 MM. The transaction makes strategic sense to Gameforge adding further (and new) products to its existing portfolio. However, equity analysts see the share price of €25 as too low and advise existing shareholder not to accept the outstanding takeover offer. The transaction values Frogster at 2.7x Sales 2010E and 10x EBITDA 2010E, respectively. Given the current hype for online gaming companies and the growth profile of Frogster AG, this offer does at least not seem to include a strategic takeover premium… Read the rest of this entry »

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August 15th, 2010 at 1:20 pm

Article: Why too much money is worse than too little

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Guy Kawasaki explains why too much money can be worse for entrepreneurs than too little. 

The reasons are:

  1. The more money you have, the more money you spend.
  2. You start to feel more secure than you should
  3. You start hiring people that have a great CV rather than the ability to build a company
  4. You start hiring too expensive people
  5. You start spending on expensive freelancers and consultants only to speed things up
  6. Entrepreneurship is not serial (get money – build company – sell company) but you rather have to handle many things in parallel. Read the rest of this entry »

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August 13th, 2010 at 3:22 pm has a new design!

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On Friday, 30 July 2010, we have launched the redesign of Although is clearly targeting the segment of core and hardcore gamers, the former website looked quite a bit casual. Now it is darker, more comprised, centered even more around our games and just does look more hardcore.   Read the rest of this entry »

Written by Malte

August 5th, 2010 at 9:32 pm