For Miyamoto, that means coming up with a sequel to the Wii. Or does it? Updates such as the Wii MotionPlus accessory and Wii Fit Plus are proof that "there are still a lot of different opportunities and possibilities that haven't been exhausted yet on that console," he says. And it's clear he works by his own schedule. Miyamoto is notorious for scrapping or rebooting projects he thinks aren't up to snuff. Even the new Mario Bros. game ran late, nearly missing the upcoming holiday season because, as Miyamoto admits, "I got deeply involved rearranging elements and polishing it."
Although Nintendo investors may want a blockbuster, you can bet the company won't be introducing any new products until Miyamoto says so.
Sarah Hickman on 09 Sep 09The results of the largest study on the financial returns of angel investors in North America were released earlier this week by the Ewing Marion Kauffman Foundation and the Angel Capital Foundation. The study showed that angels affiliated with organized angel groups achieved an average of 27% internal rate of return on their investments. Overall, ".... [these] groups experienced exits that generated 2.6 times their invested capital in 3.5 years from investment to exit. This return compares favorably to that of other private equity investments, including those of early-stage venture capital." In addition to the study's findings on angel investment outcomes, best practices in angel investing were also identified. Areas linked to investment performance were: * due diligence time * industry expertise among investors * active participation by angels in the funded venture * follow-on investing (interestingly, the study found that " ... [i]n ventures where follow-on investments were made, nearly 70 percent of the exits occurred at a loss.")
