P1 - the exclusive invitation-only social network focused China's luxury market is in a sweet spot. The luxury market has almost totally recovered from the recession. Sales in China grew an astounding 30 percent year-over-year, reaching almost $13 billion. China is projected to become the 3rd largest consumer of luxury products and services by the middle of the decade as reported by Luxury Daily.
In 2020 the affluent class in China will reach 120m (12% of the urban population) and the upper middle class is projected to reach 600m (60% of urban population). Other social networks like Kaixin001, Renren.com, 51.com and QQ wil only be growing the middle class, totally ignoring the affluent class. This is great news for P1 who are totally focused on this demography. A recent article in Forbes covered "Selling to China's luxury market 101" but if you really would like to tap into this market my recommendation is to get in touch with the fabulous crew at P1.
Disclaimer, I am a board member of P1.
PlayHopper was outed by CNN as one of 6 new ventures by Facebook veterans last week.
The Chinese Gaming company The9 has invested in AuroraFeint - makers of the OpenFeint platform to bring OpenFeint to China & Android. Very exciting times for Jason & the team. I first got involved with OpenFeint as and advisor last year after I left Facebook & have been very impressed by the speed Jason Citron & his team have executed on their vision under the guiding star of Peter Relan, founder of YouWeb who incubated the company. OpenFeint has over 2,200 live games for the iPhone, and will soon have publishers such as Astraware, Digital Chocolate, Glu Mobile, Hudson Soft and others onboard. With both Chinese and Japanese investors onboard (the Japanese gaming giant DeNA invested in the company last year) AuroraFeint is set up for a strong future presence in Asia. Very excited to see how the how the story unfolds.
Disclaimer: I'm a former advisor & a small shareholder in AuroraFeint.
Big congratulations to the CrowdStar team on the successfully launch of Happy Pets, yet another great social game on Facebook. In just a week Happy Pets went from 0 to 890,000 Monthly active users. Amazing. Following Happy Aquarium's tremendous success not long ago, this is just shows that it wasn't a one off only. Keep a close eye on these guys - they are going to go far. Social gaming have just started to take off, and it is definitely not the-winner-takes-it-all market. There is plenty of room for new companies in this space. The key thing for all social games though, is to convert active users to active paying users. My advice: focus on optimizing mobile payments to a more salient place in the UI.
Disclaimer: I sit on CrowdStar's advisory board.
I’m very excited to announce that the Japanese gaming company DeNA has made a strategic investment in AuroraFeint, makers of the social gaming platform for iphone games - OpenFeint. DeNA has taken a 20% stake in the company and is going to play an important part in AuroraFeint's international expansion.
Aurora Feint is on a roll, or what do you say about this?
Big congrats to Jason Citron, Daniella Casseley, Peter Relan & the rest of the AF-crew!
Disclaimer: I’m an advisor & shareholder in AuroraFeint.
I'm going to be a Panelist at Deutsche Telekom's Innovation Day 2009 in Berlin on Oct 29, together with Julie Meyer (Adriane Capital) Aza Raskin (Mozilla) Norbert Bolz, and Christopher Schläffer (Head of Innovation & Products, Deutsche Telekom. The panel will be moderated by Bruno Giussani, Director of TED Conferences in Europe.
Giving a keynote the rise of the Social & Real-Time Web. Internetdagarna is organized by the Internet registrar .se. I will also meet with Centr.org, the Council of European Top Level Domain Registries to participate in a workshop on marketing domain names through social media.
Let me know if you want to meet in connection to any of these events.
Digital Chocolate, one of the most frequent publishers of iphone games is going to use OpenFeint for scoreboards and achievements. This is a huge win for OpenFeint, that already has more than 3 million active users on its platform and more than 200 games in the app store. I have covered OpenFeint several times before here . Also check out the interview Jason Citron, Peter Relan & I gave to TUAW some time ago. If you are an iphone game developer integrate OpenFeint immediately! You won't regret it. Follow: OpenFeint on Twitter for more frequent updates.
Disclaimer: I'm on their advisory board.
I was recently interviewed by Metro about life after Facebook. As usual there are some mistakes in the article and some quotes are taken out of context, but otherwise pretty okay.
In the battle heating up over social gaming platforms Pockergamer has a great write up and comparison. After laying out all the other competitors it decides to take a deep dive with OpenFeint and Ngmoco's Plus+. Needless to say, OpenFeint wins big time over Plus+ in three out of four critical categories!
Disclaimer: I'm an active advisor to OpenFeint.