montgomery summit

montgomery summit

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On this episode of Office Hours, host Spencer Rascoff spoke with John Chambers, founder and CEO of JC2 Ventures, about how investors executives should approach the souring economy. The discussion was held at this year's Montgomery Summit, an annual gathering of over 1,000 senior-level investors, thought leaders and technology executives in Santa Monica.

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Photo courtesy of Netflix

The economic headwinds that are hurting tech companies these days won’t halt gaming’s growing popularity, according to Netflix Vice President of Games Mike Verdu.

During a panel discussion Tuesday at the Montgomery Summit conference in Santa Monica, Verdu said the roughly 3 billion people who currently play video games will continue to grow in number. He agreed that gaming can even be countercyclical—meaning that the industry can sometimes do better during tough economic conditions. And he predicted that the industry will continue to see more consolidation as tech and media giants, including Netflix, gobble up game developers.

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