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Some Seriously Great News. No, Seriously …

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Some Seriously Great News. No, Seriously …

Exactly six years ago today I received an email from my friend Ynon Kreiz introducing me to Andrew Stalbow and Petri Järvilehto. Ynon had been the CEO of Maker Studios and I trust his opinion a great deal so of course I took the meeting.

Andrew and Petri had left game developer Rovio (of Angry Birds fame) and were creating a new games company called Seriously that would combine compelling intellectual property (characters), great narratives, and fun game play in a mobile-first application. Their initial release would be a product called “Best Fiends,” which is now one of the most successful mobile games.

Our meeting was memorable both because the pitch was compelling but also because it was the first pitch meeting I ever took in our new Santa Monica offices. By “first” I mean — we hadn’t even signed a lease, it was a building site, there was nowhere to sit and the building itself looked somewhat dilapidated. But I thought it would be fun to meet on the (someday would become) roof deck with ocean and meet in makeshift environs. I imagined what it would feel like if we worked in this location. It felt pretty, pretty good.

Their vision was “if Disney were going to build a media company today they wouldn’t start by creating films, they would build compelling characters in a mobile game and then create media products and physical goods in support of the game. With mobile we can reach hundreds of millions of players very cheaply and once they fall in love with our characters the stories will be revealed.”

We went on to lead Seriously’s first round of financing and since I’m not a video games expert and we do have a video games expert as a partner at Upfront (Kevin Zhang) — he went on to eventually be the lead partner for Seriously at Upfront. In case you aren’t aware, the video games industry globally is now larger the the global film industry, which is why we have a practice area that funds this sector. The video games industry is worth > $150 billion and mobile gaming is now the largest sector of it.

And while Kevin went on to guide our role on the board at Seriously and deserves 100% of any Upfront credit, Andrew went on to become a dear friend. Not only was his commitment to LA tech enormous but we happened to have kids on the same traveling soccer team where Andrew was the assistant coach! I’m sure he could have done without his VC asking him on the sidelines our latest revenue forecasts 🙂 but we really just kept it personal. Ok, I did occasionally pepper him with questions about Seriously.

Petri built the studio and they developed the majority of game play in Finland, where there are a deep pool of talented video games professionals. We found tremendous value in this idea of a two-city startup with some business leadership / management in one city (LA) and much of the development in another (Helsinki). Essentially we got the best of both worlds and we find ourselves investing in more companies with this model.

I guess by now you have figured out the next chapter in the story. Today the company announced it was acquired by gaming powerhouse Playtika.

It is an understatement to say that I am thrilled for Andrew and Petri who have both been delightful to work with all of these years. They had a vision, executed perfectly and deserve every amount of success they have achieved. They innovated on so many fronts including being one of the first game developers to seriously engage video game influencers on YouTube and well as building world-class video shorts that “aired” inside of the game itself and paid for the production++ by driving increased game engagement.

Oh, and when I asked Andrew how he wanted to celebrate together he said, “I want to grab fish & chips.” How very British. We did just that. 🙂

I am also thrilled for my partner Kevin. Kevin has been a fantastic investor and board member all of the companies he serves (I know because co-investors always pull me aside to tell me) and it’s wonderful to see a younger partner get their first big win. Congrats, Kevin. We’re proud to call you our partner.


Some Seriously Great News. No, Seriously … was originally published in Both Sides of the Table on Medium, where people are continuing the conversation by highlighting and responding to this story.

Source: https://bothsidesofthetable.com/some-seriously-great-news-no-seriously-c57936f1f61c?source=rss—-97f98e5df342—4

Blockchain

Judge denies WeChat ban in US

WeChat ban in US has been denied by the honorable court. Federal Judge Laurel Beeler denies the request to take down the WeChat mobile app. The judge deems the provided data misaligned and unjustified. Over 19 million WeChat users of America will continue to enjoy the updated services of the mobile app as a Californian […]

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  • WeChat ban in US has been denied by the honorable court.
  • Federal Judge Laurel Beeler denies the request to take down the WeChat mobile app.
  • The judge deems the provided data misaligned and unjustified.

Over 19 million WeChat users of America will continue to enjoy the updated services of the mobile app as a Californian federal judge rejected the Department of Justice’s (DOJ) plea to take down the app availability for download through Apple and Google stores.

Arguing that WeChat like TikTok services constitutes a serious national security threat, the Department of Justice expected to convince Laurel Beeler, U.S. Magistrate Judge of the danger of the Tencent mobile program. The application seems to be a victim US-China trade war.

Much to their dismay the magistrate is reported to have rejected their claims and provided proofs of evidence weighing heavily towards the mobile app posing a number of security issues deeming it best to be banned from American mobile users.

WeChat ban in US rejected based on arguments

Beeler’s statements of Oct 23, Friday suggest the presented data and drawn conclusion by government officials to be misaligned and non-justified with the claims made against the Mobile app. Rejecting the WeChat ban in US he deemed the event to have added unnecessary professes take government inclined interests forward.

The app popular among the US and China-based users is available for personal and corporate business purposes and is similar to Facebook, WhatsApp, Instagram, and Venmo. Users have dejected the government claims for the WeChat ban in US as a communication source, based on mere speculation.

Another order proceeding initiated by the Commerce Department of the US, similar in nature, has been obstructed in September by Laurel Beeler that would have dictated the app’s ban through US-based App stores. The department was expected to have prohibited distribution of both WeChat and TikTok.

As per earlier reports of The New York Times, TikTok users will be bereaved from access to updates and upgrades to improve and maintain the app effective from Sunday Night – Wilbur Ross, US Commerce secretary.

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LINK Bulls Activate With 12% Daily Increase But Can They Break $12.5 Resistance? (Chainlink Price Analysis)

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LINK/USD – Bulls Form Ascending Price Channel

Key Support Levels: $11.50, $11, $10.50.
Key Resistance Levels: $12.33, $13, $13.50.

LINK bounced higher from the support at $8.77 at the start of October. From there, it started to form an ascending price channel. The coin recently bounced higher from the lower boundary of this price channel as it reversed from the $9.80 support on Wednesday.

Yesterday, LINK pushed as high as $12.33, where it met resistance at a bearish .5 Fib Retracement combined with the channel’s upper boundary. LINK is now trading at $12 as it faces the $12.33 resistance.

linkusd-oct23
LINK/USD Daily Chart. Source: TradingView

LINK-USD Short Term Price Prediction

If the buyers can break the resistance at $12.33 and push above the channel’s upper boundary, the first level of resistance lies at $13. Above this, resistance is expected at $13.50 (bearish .618 Fib), $14, $14.72, and $15.20 (bearish .786 Fib).

On the other side, the first level of support lies at $11.50. Beneath this, additional support lies at $11, $10.50, $10, and $9.80 (lower boundary of price channel).

There is some bearish divergence that could potentially be forming between RSI and the price. It will be important to watch this divergence to see if it plays out over the next few days as it could potentially send LINK toward the lower boundary of the price channel again.

LINK/BTC – Buyers Battling To Reclaim 0.001 BTC.

Key Support Levels: 0.0009 BTC, 0.000868 BTC, 0.00082 BTC..
Key Resistance Levels: 0.00094 BTC, 0.001 BTC, 0.00108 BTC.

Against Bitcoin, LINK is currently trading at the 0.0094 BTC resistance level. The buyers attempted to break above 0.001 BTC earlier in the month but failed miserably. A bearish .382 Fib Retracement level provides the resistance here, and it caused LINK to roll over until support was found at 0.00082 BTC a few days ago.

Since reaching this support, LINK has rebounded higher and is now facing resistance at 0.00094 BTC before it can make another attempt at 0.001 BTC.

linkbtc-oct23
LINK/BTC Daily Chart. Source: TradingView

LINK-BTC Short Term Price Prediction

Looking ahead, once the buyers break 0.00094 BTC, the first level of resistance lies at 0.001 BTC (bearish .382 Fib). This is followed by resistance at 0.00108 BTC (bearish .5 Fib), 0.00112 BTC, and 0.00116 BTC (bearish .618 Fib).

On the other side, the first level of support lies at 0.0009 BTC. This is followed by added support at 0.000868 BTC, the rising trend line, 0.0008 BTC, and 0.00075 BTC (downside 1.414 Fib extension – purple).

The Stocahstic RSI recently produced a bullish crossover signal that allowed LINk to rebound higher.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/link-bulls-activate-with-12-daily-increase-but-can-they-break-12-5-resistance-chainlink-price-analysis/

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2020 Presidential Election Structure in Georgia Hit With a Ransomeware Attack

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Local government networks were the target of a recent ransomware attack in a county in the state of Georgia. The key voting infrastructure assault reportedly managed to affect “critical systems” within the network.

The First Ransomware Attack For This Election Season

According to a recent CNN news report, the attack on Georgia’s Hall County was disclosed on October 7, while the aftermath of the hit is starting to emerge now. As per the release “critical systems within the Hall County Government networks” suffered the intrusion and this might be the first ransomware attack for this election season in the United States.

Katie Crumley, a Hall County spokesperson, said that among the affected systems in the county are the signature database, plus a voting precinct map hosted on the county’s website. However, she added that the personnel is now being successful in bringing some of the programs back to operational.

“We are currently bringing various programs back online, and those two items are included in that process,”. However, the voting process for our citizens has not been impacted due to the network issues.” – Crumley added.

As per the news report, the belief is that the attackers didn’t aim to specifically targeted election systems and that several other county functions like phone and email services had suffered as well.

Officials from Hall County report that third-party cybersecurity professionals are working to hasten the recovery.

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More Ransomware Attacks On The Horizon?

The Georgia Hall County ransomware attack has been reported as the first incident to directly strike election-related infrastructure. However, this wasn’t the sole case of such a scale in the last months.

“At least 18 county or municipal bodies have been impacted by ransomware since the beginning of September — about three per week — so it’s very likely that other bodies will be hit in the run-up to the election.” – Said Brett Callow, a threat analyst at the security firm Emsisoft.

Aside from this, ransomware attacks are omnipresent in other countries and companies. In July such an intrusion hit Argentina’s largest telecommunications company Telecom. Back then, the cybercriminals demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR).

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Source: https://cryptopotato.com/2020-presidential-election-structure-in-georgia-hit-with-a-ransomeware-attack/

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