Sixth Grade Game Programmer Nets $6.5 Million In Funding
| September 21, 2007 |  View for printing |
Venture capitalists bet large on the future of junior high student Arjun Mehta's system for selling virtual goods in games.
Start with a Silicon Valley garage -- it worked for Google and HP. Add 6th grade programmer Arjun Mehta with a system for selling virtual goods in games and you get the archetypal startup story, with parents -- rather than public relations -- playing gatekeeper for a twist.
Add seven game publishers committed to be customers and $6.5 million in funding from Easton Capital, Menlo Ventures, STIC, and Novel TMT Ventures, and you get to try to keep your jaw from hitting the floor, assuming you believe Arjun, rather than his tech industry father Karl, co-founder and CEO of PlaySpan, is the driving force behind the company.
By Thomas Claburn InformationWeek
Full Story: http://www.informationweek.com/news/ ... l_IWK_daily
No reader comments so far. Be the first to comment by clicking the button below.
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
