MySpace’s Co-Founder Preps Second Act Jam City for Possible IPO
- Mobile games company is profitable with $400 million in sales
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Chris DeWolfe became a tech industry celebrity as co-founder of MySpace, the social networking site that got clobbered by Facebook Inc. With his new venture Jam City Inc., he’s out to prove he can build another startup with a multi-hundred-million-dollar market value and this time make it last.
“We monetized MySpace too hard, too early,” DeWolfe said in an interview at Jam City’s warehouse-like office space in Culver City, California. “It’s great to stay focused and go a mile deep and be a category winner in every category.”