Comments on: PlaySpan, run 12-year-old founder, gets $6.5M in venture capital http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/ News About Tech, Money and Innovation Tue, 24 Nov 2009 08:43:45 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Greg http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-825979 Greg Sun, 17 Aug 2008 21:59:51 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-825979 I read all of your comments which all were a year ago. So has this company proven itself or not? Forget about the father and son BS, do they have a viable technology or not? They have management from very well known and respected companies (Lucas Industrial Light and Magic etc.). These people are in high paying key management roles and would not have left their positions at companies with known staying power if they thought this was a wet dream. I would really like to hear from someone who has no axe to grind if he or she thinks thinks this company has a future? If this is possible, given all the negative (sour grapes?) comments I have seen so far I would really appreaciate an objective opinion from someone who cares about what is going on. Look forward to your thoughts. I read all of your comments which all were a year ago. So has this company proven itself or not? Forget about the father and son BS, do they have a viable technology or not? They have management from very well known and respected companies (Lucas Industrial Light and Magic etc.). These people are in high paying key management roles and would not have left their positions at companies with known staying power if they thought this was a wet dream.

I would really like to hear from someone who has no axe to grind if he or she thinks thinks this company has a future?

If this is possible, given all the negative (sour grapes?) comments I have seen so far I would really appreaciate an objective opinion from someone who cares about what is going on.

Look forward to your thoughts.

]]> By: Gaming market company PlaySpan buys gaming-goods purchase company PayByCash » VentureBeat http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-823060 Gaming market company PlaySpan buys gaming-goods purchase company PayByCash » VentureBeat Wed, 30 Jul 2008 20:46:42 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-823060 [...] PlaySpan, notably, has a 12 year old co-founder and has raised $6.5 million in venture capital. Tags: co:paybycash, co:PlaySpan SHARETHIS.addEntry({ title: "Gaming market company PlaySpan buys gaming-goods purchase company PayByCash", url: "http://venturebeat.com/2008/07/21/gaming-market-company-playspan-buys-gaming-goods-purchase-company-paybycash/" }); Sphere It Digg this story! venturebeat227:http://venturebeat.com/2008/07/21/gaming-market-company-playspan-buys-gaming-goods-purchase-company-paybycash/ var disqus_url = 'http://venturebeat.com/2008/07/21/gaming-market-company-playspan-buys-gaming-goods-purchase-company-paybycash/ '; var disqus_title = 'Gaming market company PlaySpan buys gaming-goods purchase company PayByCash'; var disqus_message = 'PlaySpan offers an application that video game players can download and use to trade, buy or sell virtual goods and other products. It has purchased a complementary company, PayByCash, that lets gamers purchase products using cash, checks, PayPal and other payment methods. PayByCash has clients including Electronic Arts, Sony Online Entertainment and Mythic Entertainment.%0APlaySpan, notably, [...]%0A%0A %0A %0A '; View the entire comment thread. Trackback URL [...] [...] PlaySpan, notably, has a 12 year old co-founder and has raised $6.5 million in venture capital. Tags: co:paybycash, co:PlaySpan SHARETHIS.addEntry({ title: “Gaming market company PlaySpan buys gaming-goods purchase company PayByCash”, url: “http://venturebeat.com/2008/07/21/gaming-market-company-playspan-buys-gaming-goods-purchase-company-paybycash/” }); Sphere It Digg this story! venturebeat227:http://venturebeat.com/2008/07/21/gaming-market-company-playspan-buys-gaming-goods-purchase-company-paybycash/ var disqus_url = ‘http://venturebeat.com/2008/07/21/gaming-market-company-playspan-buys-gaming-goods-purchase-company-paybycash/ ‘; var disqus_title = ‘Gaming market company PlaySpan buys gaming-goods purchase company PayByCash’; var disqus_message = ‘PlaySpan offers an application that video game players can download and use to trade, buy or sell virtual goods and other products. It has purchased a complementary company, PayByCash, that lets gamers purchase products using cash, checks, PayPal and other payment methods. PayByCash has clients including Electronic Arts, Sony Online Entertainment and Mythic Entertainment.%0APlaySpan, notably, [...]%0A%0A %0A %0A ‘; View the entire comment thread. Trackback URL [...]

]]> By: September 20, 2007 at http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-567352 September 20, 2007 at Mon, 08 Oct 2007 02:32:22 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-567352 [...] PlaySpan, Run 12-Year-Old Founder, Gets $6.5MM in Venture Capital VENTUREBEAT 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 from quests he fought. Source> [...] [...] PlaySpan, Run 12-Year-Old Founder, Gets $6.5MM in Venture Capital VENTUREBEAT 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 from quests he fought. Source> [...]

]]> By: Valley Waggers http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-553870 Valley Waggers Wed, 26 Sep 2007 21:28:41 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-553870 Rumor has it that the key to their success in raising VC has been having the "right look". http://smartstartup.typepad.com/my_weblog/2007/09/secrets-of-rais.html Rumor has it that the key to their success in raising VC has been having the “right look”.
http://smartstartup.typepad.com/my_weblog/2007/09/secrets-of-rais.html

]]> By: CK http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-547122 CK Sat, 22 Sep 2007 03:21:01 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-547122 It's easy to tell if this is a gimmick. Does Arjun own shares in the company, and does he have a trustee to monitor his financial decisions (like a child actor)? If not it's a particularly noxious gimmick by Dear Old Dad. There's a line between Rascally and Retarded, and Karl appears to have crossed that line about a mile back. It’s easy to tell if this is a gimmick. Does Arjun own shares in the company, and does he have a trustee to monitor his financial decisions (like a child actor)? If not it’s a particularly noxious gimmick by Dear Old Dad. There’s a line between Rascally and Retarded, and Karl appears to have crossed that line about a mile back.

]]> By: THEFACES art of living » kinder an die macht… http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-545624 THEFACES art of living » kinder an die macht… Fri, 21 Sep 2007 10:34:04 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-545624 [...] buzz because its cofounder, 12-year-old Arjun Mehta, hauled in $6.5 million in venture capital (although it’s suspected that his father and CEO Karl Mehta is using Arjun as a mere promotiona...). Talk about a startup in need of adult supervision. Arjun makes teenage entrepreneurs [...] [...] buzz because its cofounder, 12-year-old Arjun Mehta, hauled in $6.5 million in venture capital (although it’s suspected that his father and CEO Karl Mehta is using Arjun as a mere promotiona…). Talk about a startup in need of adult supervision. Arjun makes teenage entrepreneurs [...]

]]> By: Perks: A Wired freelancer profiles the company’s …  »TechAddress http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-543440 Perks: A Wired freelancer profiles the company’s …  »TechAddress Thu, 20 Sep 2007 23:01:07 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-543440 [...] buzz because its cofounder, 12-year-old Arjun Mehta, hauled in $6.5 million in venture capital (although it’s suspected that his father and CEO Karl Mehta is using Arjun as a mere promotiona...). Talk about a startup in need of adult supervision. Arjun makes teenage entrepreneurs like Jessica [...] [...] buzz because its cofounder, 12-year-old Arjun Mehta, hauled in $6.5 million in venture capital (although it’s suspected that his father and CEO Karl Mehta is using Arjun as a mere promotiona…). Talk about a startup in need of adult supervision. Arjun makes teenage entrepreneurs like Jessica [...]

]]> By: Matt Marshall http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-543258 Matt Marshall Thu, 20 Sep 2007 20:04:50 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-543258 I've updated with a comment from Karl, Arjun's father. I’ve updated with a comment from Karl, Arjun’s father.

]]> By: UMBC’s got GAIM » Blog Archive » 12 year old gets $6.5M for gaming company http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-543230 UMBC’s got GAIM » Blog Archive » 12 year old gets $6.5M for gaming company Thu, 20 Sep 2007 20:02:04 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-543230 [...] (9/20): Akshay points us to an item on VentureBeat on this. Check on the first comment: “The story about 12 year old co-founder is a big [...] [...] (9/20): Akshay points us to an item on VentureBeat on this. Check on the first comment: “The story about 12 year old co-founder is a big [...]

]]> By: Chris http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-543118 Chris Thu, 20 Sep 2007 18:39:23 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-543118 Dude - This is the most lame excuse for a 'pr strategy' to say that your kid is the CEO because it's a gaming oriented company. The cred of this company has just hit rock bottom (and they are just launching - what are they thinking). Who are the people investing in this company? Tighten up the noose on this loose cannon. Dude – This is the most lame excuse for a ‘pr strategy’ to say that your kid is the CEO because it’s a gaming oriented company. The cred of this company has just hit rock bottom (and they are just launching – what are they thinking). Who are the people investing in this company? Tighten up the noose on this loose cannon.

]]> By: thestryder http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-543062 thestryder Thu, 20 Sep 2007 18:27:16 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-543062 It's funny how someone always has to bring up race as a reason for criticism. I don't see any reference to race in any of the posts prior to TRUTH's. Regardless of color/race if the product is viable it can stand on it's own merits. Many of the online games consider the selling or buying of in game items in RL(real life) as a TOS violation so it will be interesting to see how WoW and other MMORPG's respond to this. It’s funny how someone always has to bring up race as a reason for criticism. I don’t see any reference to race in any of the posts prior to TRUTH’s. Regardless of color/race if the product is viable it can stand on it’s own merits. Many of the online games consider the selling or buying of in game items in RL(real life) as a TOS violation so it will be interesting to see how WoW and other MMORPG’s respond to this.

]]> By: Truth http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-542838 Truth Thu, 20 Sep 2007 17:42:14 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-542838 I GUESS IF THIS WAS A WHITE SKINNED 12 YEAR-OLD, EVERY BODY WOULD HAVE PRAISED HIM HUH? I GUESS IF THIS WAS A WHITE SKINNED 12 YEAR-OLD, EVERY BODY WOULD HAVE PRAISED HIM HUH?

]]> By: rquist http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-542824 rquist Thu, 20 Sep 2007 17:40:23 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-542824 Given the low quality of VCs that have invested I would say that this is a waste of 6.5mm and the company will be gone within 2 years. Given the low quality of VCs that have invested I would say that this is a waste of 6.5mm and the company will be gone within 2 years.

]]> By: 12 year old raises .5 million for gaming company | Technology Funda http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-542446 12 year old raises .5 million for gaming company | Technology Funda Thu, 20 Sep 2007 12:23:37 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-542446 [...] will be rectified soon…the release doesn’t mention him and for good reason. Venture Beat who broke the story is investigating into it. However not all kiddie startups are fake, take the case of Elemento which [...] [...] will be rectified soon…the release doesn’t mention him and for good reason. Venture Beat who broke the story is investigating into it. However not all kiddie startups are fake, take the case of Elemento which [...]

]]> By: MeepMeep nv/sa » Playspan collects 6,5 million $ venture capital http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/comment-page-1/#comment-542404 MeepMeep nv/sa » Playspan collects 6,5 million $ venture capital Thu, 20 Sep 2007 11:54:55 +0000 http://venturebeat.com/2007/09/19/playspan-run-12-year-old-ceo-gets-65m-in-venture-capital/#comment-542404 [...] Link to the Venturebeat article [...] [...] Link to the Venturebeat article [...]

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