MyCityWay reached 1 million in downloads by combining familiar information like local dining, nightlife, deals and movie showtimes with government data that creates a very sticky resource with users. It’s a great example of how companies can mine overlooked data sets and turn them into businesses. Read more »
Riot Games has raised $8 million from Tencent and returning investors Benchmark and FirstMark Capital, said the Culver City, Calif.-based publisher, which develops free-to-play, digitally distributed games with a microtransaction/virtual goods revenue stream. Such a model has worked extremely well in Asia, and is showing promise […] Read more »
