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  • Zynga CEO: On What Went Right — and “Wrong”

    He wants to show the hype was justified.

    Zynga Inc. Chief Executive Mark Pincus ended 2011 as the face of an overhyped Web initial public offering. Now he wants to show the hype was justified.

    Early last year, his San Francisco company, which makes social games such as “FarmVille” that are played on Facebook, was on track for one of the hottest initial public offerings of 2011. But when Zynga finally went public last month, its stock price dropped 5% on the first day of trading and has since consistently traded below its $10 offering price.

    Mr. Pincus, 45 years old, also came under scrutiny for his role in asking some early employees to renegotiate their stock compensation packages. Some saw the move as undermining Silicon Valley’s long-held tradition of young entrepreneurs signing up at start-ups for low salaries but with the hope of an eventual payoff from big equity packages.

    Now Zynga faces questions of whether it can keep producing new gaming hits, even as it works to move away from its dependence on Facebook.

    With the quiet period surrounding Zynga’s IPO now over, Mr. Pincus sat down to discuss Zynga’s culture, its stock price, and the potential for future revenue growth and online gambling.

    Read Full Article in Wall Street Journal.com

    Good luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals
    calvin.wilson1@verizon.net
    http://twitter.com/Upstart__Nation

    Filed Under: Gamechangers

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