Early Stage Capital - True Ventures » Hive7

Playdom acquires Hive7

True — Sat, 26 Jun 2010 01:27:26 +0000

Today, Playdom announced the acquisition of social gaming company Hive7. True funded the team along with Naval Ravikant in the 2005, and together we have worked closely with Max, Dave, and JD, as they have grown the company over the past five years.

Hive7 focuses on building games played on Facebook and other social networks and is best known for Knighthood, a medieval themed game of combat and diplomacy. Its other titles on Facebook, Myspace, Bebo, and other social networks include Youtopia, Kick-Off, and Sindicate.

Following the acquisition, the team has already moved into Playdom’s Mountain View office and is hard at work on their next title supported by Playdom’s central services and business intelligence functions.

We are extraordinarily proud of the Hive7 team for their efforts and dedication over the past five years, and we look forward to supporting Max, Dave, JD, and the entire Hive7 team on the next leg of their journey as part of the Playdom family.

Congrats Max and Hive7, Socialsoft for donating to a great cause

Jon — Fri, 19 Jun 2009 05:33:06 +0000

Max and the team at Hive7 have decided to give 10% of profits from Zen Garden, their newest game, to the Susan B. Komen for the Cure breast cancer advocacy group. We’re thrilled that Max and the team are using their resources for such a great cause. Download Zen garden on Facebook, and help us all prove that you can do well and do good.

Optimal Startup Burn Rate

Shea — Fri, 22 Aug 2008 22:14:57 +0000

Hive7′s own CEO & Physicist Max Skibinsky used the Kelly criterion to formulate the optimal startup burn rate.

Max’s math:
p = probability of success
b = payout odds per Kelly
F = funding
V = valuation
M = valuation multiplier on “win”
R = burn rate per time frame
T = time frame units to develop and prove

Knighthood Is Highly Addictive

Shea — Wed, 30 Jan 2008 04:20:28 +0000

Hive7′s Knighthood game has taken Facebook by storm. Max and team have created a highly addictive game where you can become a knight and rule your own kingdom. The game is free, available to all via Facebook, and, the more players that you recruit, the higher the status you attain, which may explain the rapidly increasing flood of interest in this application.