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The Foundr Podcast with Nathan Chan

306: From Myspace To Jam City: Chris DeWolfe Breaks Down His 25 Years Of Experience As An Entrepreneur

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 26 May 2020

⏱️ 49 minutes

🧾️ Download transcript

Summary

Chris DeWolfe excels at creating massive user bases—a skill he has demonstrated with two companies you’ll likely recognize: Myspace and Jam City. After DeWolfe launched the biggest social network of its time in 2003, it was only a matter of months before Myspace completely took off and attracted millions of users around the world. Only two years after the start of his company, DeWolfe sold the platform for $580 million. But he wasn’t done yet. When DeWolfe asked himself ‘what’s next?’ he found himself drawn to the world of gaming. Not only was it easy to scale, but he also believed the current trends pointed toward an explosion in gaming. He wasn’t wrong. Today, Jam City is known for famous mobile games like Cookie Jam and Pop! and Panda, and it’s still going strong to keep up with the growing demand of casual gamers. In this interview, DeWolfe discusses the hyper growth of his companies, how to stay focused when running such a behemoth of a company, and what it takes to build massive user bases. If there’s any other content you’d like to see that would be valuable to you during this time, please don’t hesitate to reach out at [email protected]. Key Takeaways How DeWolfe built the largest website in the world and the biggest social network of its time, Myspace The trends in pop culture and technology that led to the launch of Myspace in 2003 A look into the rapid growth and eventual sale of Myspace in 2005 for $580 million How Myspace created a roadmap for companies like Spotify and YouTube The top three lessons DeWolfe learned from his journey with Myspace How DeWolfe figured out his next step into the world of mobile gaming Why Jam City targets an underserved audience for gamers The acquisition of Mindjolt How to be a great storyteller and create amazing games What’s exciting for DeWolfe in the future of the mobile gaming business What it takes to build large user bases Why DeWolfe recommends taking measured risks in the pursuit of innovation A sneak peek into Jam City’s latest upcoming mobile game

Transcript

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0:00.0

This is episode number 306 with Chris DeWolf of the Founder Podcast.

0:07.2

What you need is thirst.

0:08.9

You need to be a thirsty human.

0:10.9

Who is intent on learning.

0:12.9

It's a really fascinating exploration of human potential.

0:18.8

The Founder Podcast.

0:21.8

Even the greatest entrepreneurs had help.

0:24.7

If you want to learn from the most successful founders on the planet, you are in the right place.

0:30.4

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Ariana Humpington, Steve Case, Gary V, Sophia Amoroso,

0:35.7

Barbara Corcoran, Damon John.

0:41.8

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:45.0

This is not your average entrepreneur podcast.

0:47.3

The Founder Podcast.

0:58.8

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.4

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.6

you name it. We put out so much content to help you.

1:13.7

And another interesting project that we're working on right now is partnering with world-class

1:18.6

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.6

skills like negotiation, finance, e-commerce, and so much more.

1:30.8

So if you'd like to get access to these free trainings with founders like this, which is

1:36.3

100% free, just go to founder.com forward slash free.

1:41.0

Okay, so now let's talk about today's episode.

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