VC says pure mobile content is 'overinvested'

With mobile games publishers across the board tightening their belts, 2009 is shaping up as a tough year for companies who previously saw VC investment as their safety net.

That feeling will only be increased by quotes from Khosla Ventures partner David Weiden (pictured), who's been telling the New York Times his views on the investment climate as it relates to mobile.

"Pure mobile content is overinvested, but hardware is underhyped," he tells the paper, while claming that revenue from iPhone and BlackBerry exceeds the entire mobile content market.

However, that's not to say funding isn't available for mobile games firms. KPCB's iFund has $100 million to invest in companies making iPhone applications, and has already funded games publisher ngmoco.

Meanwhile, Fishlabs boss Michael Schade said in August last year that VC firms ARE still interested in investing in mobile games companies, but only those who aren't dependent on operators for their revenues.

Whether that still holds true, given the recent global economic problems, is less certain.