The blogosphere is abuzz with news of Bing Gordon’s departure from EA to join the legendary venture capital firm of Kleiner Perkins Caufield & Byers. There’s a few take-aways from this:
- Aside from losing one of the spiritual leaders of EA, it just lost one of the executives who really “got” the power of the Internet and social media within the game industry. He’s spoken about his love of projects like Warhammer (an MMORPG) and Spore (the game which is going to change how the industry thinks about games and social-media convergence). Those will be big shoes to fill.
- Kleiner Perkins is going to be pouring a lot of money into opportunities around Facebook and/or the iPhone (just last month, they announced a $100MM fund to back Apple iPhone development). With Gordon on board, it seems obvious that Facebook and iPhone games will be one of the key areas of investment.
Make no mistake about it–games and consumer entertainment products are becoming a major area of VC investment; and with KPCB putting so much money in, there will be many more funds to follow.
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