The Unicorn; Kabam; 独角兽企业; 145/174

The Unicorn; Kabam; 独角兽企业; 145/174


145.Kabam

 

 

Company Information

Valuation $1 billion
Sector Media
Headquarters San Francisco, Calif.
Founded 2006
CEO Kevin Chou

 

 

Kabam

Kabam (formerly Watercooler, Inc.) is an interactive entertainment company founded in 2006 and headquartered in San Francisco, CA. The company developed and published massively multiplayer social games (MMSG’s) such as Kingdoms of Camelot and other mobile games Star Wars: Uprising and Marvel: Contest of Champions. Before expanding into gaming, Kabam established itself as a social applications developer with entertainment and sports communities totaling more than 60 million users.

Kabam markets freemium games for mobile devices, social networking services, its own web site, and other game sites.

The company has focused on developing “real games,” or games with immersive gameplay mechanics akin to more traditional MMOs with an emphasis on the spending and gambling of virtual currency. In late 2009, Kabam launched Kingdoms of Camelot, one of the first successful strategy games on Facebook, but in June 2010, the number of players began constantly shrinking.

As of April 2015, Kabam has announced a shift in its focus to developing AAA mobile games.

Kevin Chou

Co-Founder and CEO

Kevin Chou is co-founder and CEO of Kabam, a world leader in AAA mobile free-to-play games. Kevin is an entrepreneur who has guided Kabam’s explosive growth, which started with a handful of people working above a dim sum restaurant and catapulted to $400 million in revenue, sustained profitability, and a valuation of more than $1 billion in 2014.

Since co-founding a company in 2006 that became Kabam in 2009, Kevin has led the disruption of the video game industry by revolutionizing the way players access and pay for games. He has secured partnerships with leading game platforms, as well as with Hollywood studio giants such as Disney, Lionsgate, MGM, NBCUniversal, Paramount and Warner Brothers for games based on some of the world’s most beloved movie franchises. Under Kevin’s leadership, Kabam has raised more than $240 million from venture and strategic investors, including some of the world’s largest entertainment and internet companies such as Alibaba, Google, Intel and Warner Brothers.

Before co-founding Kabam, Kevin worked at the global venture capital firm Canaan Partners, which is Kabam’s initial investor and where he invested in 14 consumer technology and online media companies. Earlier, Kevin advised public technology companies on M&A and corporate finance as part of Deutsche Bank’s technology investment banking practice.

Kevin graduated magna cum laude and Phi Beta Kappa from UC Berkeley with a BS in Business Administration. At UC Berkeley, Kevin was admitted to the inaugural class of Gates Millennium Scholars. In 2014 Kevin was named one of Fortune magazine’s prestigious “40 Under 40” and, in 2012, was identified by Fortune as one of the “Smartest People in Tech.” The Los Angeles Times called Kevin “absurdly accomplished.”

 

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