iSamurai

Trying to understand audience of social gamers for mobile do they really exists?It is the user-base who play games on Facebook and look for something similar on iPad and iPhones ?Based on the chart below I can see that downloadable games have much bigger potential for now (if you earn 100K$ year spending 0.99$ for an app can be reasonable and if you are mainly from US).But if you look at Top Grossing in App Store currently games from Pocket Gems and TeamLava are doing pretty well.

And what about high end games market for mobiles and tablets ?Do they have potential I mean games which will cost from 5$-30$?

What do you think porting all top social game mechanics with high end graphics will work on these platforms?I think it is really different audience and balancing of social for mobile will be a very different task do do.Maybe they are currently sitting on Top Grossing first position but who knows how is the Top Grossing calculated is it by revenue?Installs?or what?

I did a lot of mistakes during my career and telling truth I am proud of many mistakes which I made.The best thing which I did was not making same mistakes twice.So here I want to collect all those mistakes and update list frequently.

1.Opening legal entity to early - You can have a team and work on the product or service from home until you see so much stability that you can go legal and cover all operational costs which arise from that.Do not open a legal entity to fast having company registered is not necessary from early days - so work without that then if you see that it is worth to get into that - Do that.

2.Expanding to fast - Do not expand your team to fast if you do not have enough management people or time to manage those people.From some period you need to layoff them fast to keep your costs lower.

3.Hiring wrong people - I am not telling you to hire only 5-7 years experienced developers but if you want to deliver high quality service or build exceptional product hire only best graduates with at least 1 year programming experience.Hire engineers who can grow on their own and will not consume all time asking questions from your best people.If you do not see growth in 2-3 months layoff them  fast.

4.Do not acting fast - Layingoff people and friends with whom you have worked many years or moving to small office is a really hard decisions to make but if you see you cannot keep these costs do it fast.

5.Believing technical people - Do not believe and plan on deadlines which you get from your developers and technical persons do not wait until they deliver check and monitor each day ,better every hour :).It is not about they are wrong resources it is about they think different and concentrate more on solving problems and you need to think and accelerate the process of doing it fast enough.

6.Not having Project Managers - If you get to much responsibility on you someday you will stuck with a bunch of different tasks and meetings for which you just did not have enough time.Hire project managers split responsibilities right and monitor and tune the process if you can do it well you will got effective results.

7.Missing Market Knowledge - Some period we were doing something for which we do not know market exists or not if you want to start something learn talk with people which are doing same thing or if there are not that kind of companies just ask yourself why?It is really depressive when you work on something 6 months and then just understand that there is no successful examples ,and what you are doing cannot work on audience which you target.

8.Do not do something which you do not love- It is always hard doing something which you love but if you do something some period and do not get in love with that  then cancel that ASAP.

9.Putting wrong resources in wrong positions - Making great project manager or product manager from great software engineer can be an impossible to do you need to understand pros and cons of each resource and use them in appropriate position.

Those are the first bunch if you like it I will post more :) I do not have much experience as any other cool entrepreneurs which are mentoring and giving speeches but these mistakes are real mistakes which I made during my career as a CEO.So I hope you enjoy.