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March 18, 2007
OnlineGameChallenger - The King.com For Clans
King.com is an early and successful example of how a couple of smart European entrepreneurs saw the boom in casual gaming and figured out how to make money on it. Now that several other categories of online gaming are
growing, other entrepreneurs are forming startups with similar business models.
There's PrizeFight (beta) in the UK, whose founders we've talked to several times in recent months, and they tell us that the startup is doing well financially with its focus on first-person shooter games. The founders have impressive experience.
View Prizefight
If You're Not Up To Speed on Call of Duty, This Clip From The US-Version of The Office Will Do
We've been chatting with Scholten over the past year as he got this thing off the ground and it has been an education in Euro bootstrapping and new online gaming trends for us.
In a remarkably short period of time, considering the small budget he had, Scholten has created a platform for virtual teams to play against each other on Call Of Duty2, Counterstrike, and EnemyTerritory.
Now he's rounding up the "clans" with the platform in beta mode. Besides tapping his own network of online gamers, Scholten attracts new members to download the OGC client and signon by teaming up with with the likes of German games portal, Tek-9 Networks, and other sites for promotional showmatches that encourage online clans (groups of gamers) to compete for prize fees of betwen €100 and €250 at the moment.
OGC takes a commission on the wagering, like King.com.
The winner will be the ones that can build the most trusted platform, the fastest, and since VCs don't target the segment until there's pretty big numbers, having a low cash burn is going to be critical.
View OGC
Posted on March 18, 2007 08:48 PM | Posted to Early stage | Permalink
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