In a recent interview with Niantic’s CMO (Chief Marketing Officer) Mike Quigley, he acknowledged the overwhelming success and strong financial position Niantic is currently in. He asserted that despite Niantic’s overwhelming success, and the intent to double Niantic’s workforce from 70-80 members to 150 or so, they must proceed so carefully — afterall, this is John Hanke’s fourth startup:
“We expect the team to double in size over the course of the next year,” Quigley says. “But that’s us going from about 70 right now, to being within the 140 to 150 range by the middle of next year. We want to be mindful of cost and how we scale. We are growing but doing so responsibly and carefully, so that we don’t get ahead of ourselves.”
Mike Quigley further elaborated by discussing John Hanke’s experience and the Ingress development:
Most people don’t know this, but this is our CEO John Hanke’s fourth start-up. With that experience, he is very, very thoughtful about how, when and where we invest. We are brutal in terms about our prioritisation of where we are going to add funds, staff and resources, and also identify places where we are going to hold-off and see how the business is doing. Pokémon Go turned out to be beyond our wildest expectations, but if it had just gone mediocre, we’d still would have been ok. It is a marathon, not a sprint. We have the patience to take that long view.
Take Ingress. That is a game where we didn’t even introduce some of our most popular features until Year Two. That’s not code to say that major features for Pokémon Go are not going to come until Year Two, we have a lot of big updates that will be coming imminently. But staying steady and stable, and just taking it week-to-week, month-to-month, has put us in a unique position.
It would make sense for Niantic to proceed with caution, but at the same time there are many ideas they’re throwing out as possible future updates. We hope this happens!
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