via Eurogamer: How Mad Catz used up its last life
Anyone who has dabbled in fighting games for the past decade or so, has definitely heard about Mad Catz. They make joysticks for fighting games that are of top quality, used by tournament-level players all over the world.
And then they went bankrupt. All because of several bad decisions by top-level management.
There are some very important lessons to learn here: Diversifying as a company is important, yes, but if you expand too quickly and take risks that make no sense (Mad Catz’s upper management believed that console gaming was going to die back in 2012-13 — a laughable idea now with PS4 and the Nintendo Switch gaining strength), you will plummet back to earth as quickly as your rise.
I’ve never owned a Mad Catz stick, because I was very satisfied with Hori’s products, one of Mad Catz’s main competitors. Still, it’s sad to see another hardware company bite the dust. Only when competition in the market exists, will you see better innovation in technology and development.