RTFA: http://www.techcrunch.com/2007/09/19/playspan-take…
Virtual world goods seller PlaySpan has received $6.5 million Series A in a round led by Easton Capital, Menlo Ventures, STIC and Novel TMT Ventures.
PlaySpan hasn’t launched yet, but is promising a product that will attempt to be an official commerce provider for multiple MMOGs. According to PlaySpan, the company has already signed up seven MMOG partners
The interesting side of PlaySpan is with the background story: PlaySpan was founded by Arjun Mehta (pictured) , a 6th grader from Silicon Valley who founded the company from money earned selling online game items won from quests he fought while attending 5th grade at Challenger School in San Jose.
I found this comment particularly insightful: “These 10 year old, 6 grader stuff is all a front to making news … rest assured the real people behind these things are adults, but just as in the case of myyearbook.com, nothing beats getting into the major news and blogs than having your 10 year kind be stated as the founder/creator.
A 6th grader, can’t even legally enter into a binding contract in any state, so obviously there are adults behind this and any other venture supposedly started by teens.”
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