On April 1, Mark Zuckerberg confirmed that Facebook now owns this legendary game company for the low price of $16 billion dollars. Nintendo had modest beginnings as a small business in Japan back in 1889. It started by, producing handmade cards, followed by toys and finally the electronic games we all know and love. This gaming giant once dominated the world of electronics for many decades, but recently they’ve slipped. Given the incredible power of social media today, the lack of online social gaming components in Nintendo games ultimately led to their decline in the market. And that’s when Facebook swooped in. Truly, who knows social media better than the #1 social media company in the world? Their plan is to bring Nintendo franchises into the Facebook fold and to introduce a whole new generation of children to the magic of Nintendo (or so says Mark Zuckerberg). Will they succeed? Who knows. I guess we’ll have to wait and see…
Though the article on Social News Daily that reported the buyout was, indeed, a joke, it does get to the truth about how successful companies have to continuously adapt. Just as nintendo means “leave luck to heaven,” it took a whole lot more than luck to make Nintendo a gaming icon and a billion-dollar company. It took dedication, hard work, and innovative thinking — all necessary traits of successful, lasting companies.
So, for all of you entrepreneurs out there with a business vision – keep plodding away, and dream big. Beginnings are the hardest part, especially if you’re on your own, but that’s where we come in. Not only have we defined an ecosystem for all startups, we also provide, through our CoFounders Meetup here in Austin, the opportunity to share your business ideas and find the right team to take your vision to the next level.
We hope to see you all at the Capital Factory on April 14, 6:30 PM!!!