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Idle Games CEO Jeffrey Hyman on his competition with Zynga, social gaming and what's ahead for the company.
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It's -- designed Robert Graves here with I don't games co-founder and CEO.
Jeffrey Hyman and Robert Charles thank you and Jeff thanks for joining us here on Fox Business in this exclusive.
How we wanna talk to you value did just -- the headlines Charles talk and approaching easing -- league game designer for Citi bill is this a sign of -- new heated competition.
For the social gamers out there and or a sign that maybe there's not enough talent to go around.
Well you know the good news for the economy is that here and that's Silicon Valley that there's -- there is a big shortage of -- very talented people both in the game design and the engineers to work.
Very pleased that out Michael McCormick -- some agreed with us that what we're doing over an -- games is very excited are you guys hiring and if so -- looking for mostly engineers.
We're looking for everybody says you know a python engineers -- C plus plus engineers you send them my way.
Are -- launching idol worship the first game on FaceBook next Wednesday.
Analysts have criticized Zynga for relying on just a small core group who spend the most of these premium tight games where you can play for free but if you wanna play longer or -- -- quickly you -- What are you doing differently to try and address that and get more people to pay more.
What you know we believe that you know while the industry in the sector is maturing and there is really.
There is room for products of excellence and we still that we have an excellent product.
That's giving a deeper richer experience and lots of different ways to the consumer.
Yes it's idle worship now you call -- a social social game.
How is it's a little different from me has some of the games or not -- from using or The -- from EA.
Well it's it's different and a couple fundamental ways one of the ways is that we offer a -- -- -- game experience which means that people can play to gather in real time.
With their friends and also we believed in the game should act as a matchmaker.
To bring together people that you know as well as you don't know to gather -- have a high likely look.
Likelihood of having fun together we have five patents and a suite of technology that makes that happen.
And Jeff you guys have -- raise nineteen million dollars -- you looking for some fresh capital and but what's the roads they're going Republican joining easing in the public markets look like and I also would ask you the same time are you guys profitable.
Well.
Now we we -- not profitable yet we've been growing in building this company and this game for almost two years now.
And you know that we have one investor which is the legendary silicon investor Richard Thompson.
And Rick I founded this company in 2009 with a vision to create as you said Robert the truly the first true social game so we're very excited.
To have somebody as visionary as Rick Thompson -- on our board and leading the chart.
Like a long answer to go a long -- IP MA you'll have to get you back on Jeff I was forgotten founder and CEO.
Of -- game takes -- much for joining us Charles back -- thanks so much thanks a lot Robert that was spent ten.
