12 Year Old Gets $6.5M for Gaming Company 180
Bayscribe writes "A Silicon Valley company co-founded by a 12-year-old has just raised $6.5 million in venture capital. PlaySpan, based in Santa Clara, Calif. says it offers game publishers a technology that lets users make payments and shop for other items. It calls itself the first "publisher-sponsored in-game commerce network." Arjun Mehta, a 6th grader, says on his Web site that he is passionate about software that can make the game experience more "rewarding," and that he started the company last year in his garage. He paid for it from earnings made from selling online game items he won."
Incorrect linkage (Score:5, Informative)
Sloppy.
Confused (Score:2, Informative)
The correct link.. (Score:5, Informative)
http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/ [venturebeat.com]
Which is not to say that investing $6.5M in a company run by a 12yo makes much sense but stranger things have happened at sea.. or so they say.
The harsh reality (Score:5, Informative)
Wrong title, fixed title below (Score:4, Informative)
Founder is his Father - Karl Mehta - a Hack (Score:5, Informative)
Please don't waste a min of your time on this crap. Arjun, his son, has no clue about what's going on - his father is using him for the dramatic effect.
Re:Incorrect linkage (Score:5, Informative)
Re:bubble 2.0 (Score:3, Informative)