This document summarizes the founding and early history of Electronic Arts, a major video game company, in 3 sentences or less:
Electronic Arts was founded in 1982 by six co-founders including Trip Hawkins who had the initial idea for the company. They raised $5 million in funding from prominent VC firms Kleiner Perkins and Sequoia Capital. EA launched its first games in 1983 and grew to become a multi-billion dollar company focused on building a strong company culture and high quality games.
6. July,1982
The six co-founders
who attended dinner at Trip’s home:
• Trip Hawkins Harvard, Stanford MB
Strategy Gaming
• Rich Melmon Berkeley, Stanford MBA
Physics
• Bing Gordon Yale, Stanford MBA
English
• Jeff Burton Stanford, Stanford MBA
Anthropology
• Dave Evans Stanford, Stanford MS
Mechanical Engineering
• Pat Marriott Marketing Manager, Apple
7. November,1982
Raised $5 million from:
• Kleiner, Perkins, Caulfield, & Byers
• Sequoia Capital – Don Valentine
• Sevin/Rosen Capital
21. MypathsinceEA:
• Publishing & Printing Books
• Four Internet Startups before 2001
• Electronic Ticketing Company
• Hospitality Club in Italy
• Co-producer of movies in Hollywood
• 1st Executive Director at UC Berkeley Accelerator
• President, Advisory Board, ABC Venture Gates
28. • Difficulties getting the first clients, industry partners, etc. on board
• Renting flexible, short-term office space
• Finding housing is almost impossible and crazy expensive
• Incorporation, legal and tax issues
• The market response is completely different from your home market
• German business environment and culture can be tough
• Risks and costs
Challengesforyourstartup
ontheGermanmarket
29. To face those hurdles it is wise to get help from a partner,
who overcame them many times before and will help you do so as well.
Meanwhile, you can entirely focus on what you can do best:
Growyourstartup!