Venture Capitalists: “We don’t want to invest in hits-driven businesses.”

[vaio]

Zucas said:

vaio said:

Zucas said:

vaio said:
It surprises me that it took them so long to come to that conclusion.

Probably because they don't think in the long term either.  Still built up on the Wii/DS hype of 2007 and 2008, and the expanding industry for all sectors in 2008 (all systems here) and just forgot to notice that they were starting to practice habits that are unhealthy.  Well that definitely showed in 2009 as layoffs and closures filled the year along with games that were either big hits or massive failures.  Analysts are guilty of the same thing here.  But in this day and age in general, people always seem to miss the big picture and that's not good. 

You would think with the education and experience they have they should have noticed sooner and not this late, on the other hand it´s easy to coment after the fact like i just did. Probably alot harder to see theese things coming when you are in the middle of it.

Well I don't have much remorse for them when it is their job to be able to notice these things early.  No one is perfect, but this one was easy to notice, even in the middle of it in 2009.  But they are human, but these analysts are the same people talking about "recession proof industry" back in 2008.  Saw how well that turned out. 

I suspect most of theese analysts have been in Sony´s or MS´s pocket and thats why they make theese stupid predictions, it doesnt make sense that grown men with and education and long experience in this buisness make so bad analysis when common gamers like you and me have seen this coming a year or two back.