Mariano Suarez-Battan
๐ค SpeakerAppearances Over Time
Podcast Appearances
So, it was our first game.
We created games for large brands before.
Lego was a big client, first game there.
uh we we thought that the social games industry was going through consolidation with zinga play first and and play them growing pretty fast and we we thought that strategically made sense to build something bigger with them they had the distribution power and uh and we had like a very great creative team and really great games it means actually it was a great soccer game
Very fun to play.
Financially, it also makes sense.
Professionally, it makes sense.
As a young entrepreneur, I was about to turn 30, so a good, nice turnaround.
Yeah, I mean, so again, we started the company in Argentina, first video games company there, first video game company to get acquired and to be part of something bigger.
We were in the cusp of launching it when we decided to join them.
So you never know if that's the best decision, but it felt like the best decision at that time.
It was a combination of stock and equity.
So, I mean, it's blurry, but somewhere around like it ended up being $11 million.
More or less, our deal was a little different, but the thing is like, I mean, the cash and equity component, the cash grew, the equity grew, but then there were like contingencies and some other things that don't make an exact price, right?
Got it, got it.
Yes, there was a cash and we paid some investors with that.
Oh, got it.
There was an equity component, right?
And of course, there was salary as a management team.
It was like four or five million, and then it was like four or five million on the other end.