Facebook purchased GIPHY for $400 million and Take Two purchased Dots for $200 million –– what do these two acquisitions have in common? Three things: both are 9-figure exits, both happened in 2020 and both were incubated by Paul Murphy. In this episode, we focus on Paul’s experience in incubating and growing Dots, a series of casual and highly addicting mobile games, towards their eventual sale, and Paul's subsequent transition to venture capital.
In this episode
We chat with Paul about:
Incubating multiple startups at Betaworks
Can pretty design be a value prop?
Spending $10k on FB ads in 1 hour by accident
Attempts at entering the Chinese market
Moving from being a founder to VC investing
Would Paul-the-VC invest in Paul-the-founder?
What if the team is great but the idea is bad?
Paul Murphy is currently an investor at Northzone, an early-stage venture capital firm in London.
This podcast is brought to you by Andrew Vasylyk, a host of Startup Exits Podcast and a founder of StartupSoft, your reliable partner in hiring, managing & retaining remote employees. Andrew is passionate about startups, technology, and Ukraine.