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Infinium Labs Nets $5 Million Funding Commitment
Next Generation is running the almost unimaginable news that Infinium Labs has a $5 Million funding commitment from Golden Labs Investors. From the article: "The funding, which comes in the form of a convertible debenture and warrant, and allows for an initial funding payment of $625,000, with an eventual exercising of up to $5M in convertible debt. will allow Infinium to start manufacturing and marketing its PC Lapboard peripheral. The PC peripheral, which is being billed by Infinium as 'the first device to allow gamers to comfortably use a mouse and keyboard from their couch', rotates for left and right-handed users and also inclines on a 90-degree angle, with a hard surface below for the Phantom Mouse."
Suckers!
-DSR
Nice keyboard. Now if there was only something to plug it into, say a gaming console...
That was the sound of disapearing money.
We're always in danger of another unsustainable bubble unless we get rid of the plague that are brainless venture capitalists. Oh well, at least it's not my money.
The perfect sig is a lot like silence, only louder
1) Someone foolish enough to try and enter the console business - a Mitsubishi or GE or Emerson or whomever - might buy them.
2) They could at least sell that lapboard thing they developed as it actually looked pretty cool at the E3 thing.
We will see what happens now, but it's nice to see this thing may come to fruition.
They invested $5 million in a "tray table"?
Those who believe the Internet is private,
find their privates are on the Internet.
As many companies as have already been suckered into investing in Infinium Labs, and as much bad press as they've gotten, you'd think VCs would be keeping away. I thought we learned something five years ago. I mean besides VCs will fall for anything.
"It is a miracle that curiosity survives formal education." -Albert Einstein
They have a platform that only exists in their imagination and they gold-farm in real life.
"Made up/misattributed quote that makes me look smart. I am on
Looks like infinium's web site went south, so I can't checkout the keyboard.
*Insert joke about it being hosted on a phantom gaming console here*
No sig
Does it really take $5M in startup capital to produce a keyboard and mouse? Especially one which is bound to have such... "ethereal" properties?
My 3D Texturing Skinning work (under construction)
Methinks someone is looking for a tax writeoff.
I would like to offer the good people at Golden Labs the opportunity to 'invest' in the Golden Gate Bridge...
I got to hand it to the boys at Infinium, they sure now how to sell people a non existant product. If it hadn't been done before in a movie this would have made a great original plot!
The irony of the console's name and it's inability to ever "materialize" always gives me a chuckle. It's almost like they intended to never bring it to market, and thought... hmm, what would be a good name for a product like that..?
Place sig here.
You make licensing deals that cost you money wich you don't have to release games on a hardware platform that is still being designed.
You get investigated by the sec because the best way to sell your stock is to spam.
Frankly this is not the bubble wich other /.ers are claiming, this is criminal. You can't mis-manage a company like this by accident. They are blowing tens of millions with no actuall product in sight. Not even a proto-type. I seen web businesses blow that kind of money but they did it by developing software/services that you could actually see. Some just never recooped the money on their projects causing them to slide into debt but this?
Now another 5 million dollar loan. For what. A wireless keyboard. WOHOO! For gamers? Well only for gamers playing on a big screen. Wouldn't want to watch my 17 inch LCD from 30 feet away. Not PC games wich usually have fonts in the smallest size possible.
I tried googling for the investor company but could find nothing.
This should be in the comedy section. It's funny, laugh.
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
also inclines on a 90-degree angle, with a hard surface below for the Phantom Mouse."
90 degrees is a bit excessive. I have yet to see an image of the keyboard with the board and pad perpendicular; most places have it titled only slightly upwards. Perhaps they meant a 45-degree angle.
Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
This is what happens when Netcraft doesn't confirm it in time... When are these guys going to get sent to prison and/or go bankrupt?
Arguing about vi versus Emacs is like arguing whether it's better to make fire by rubbing sticks or banging rocks.
Haha, I clicked the comment link with the intent to say the same exact thing. Well I'll say it anyway - SUCKERS!
That has Gabe asking business tycoons to consider his wang a valid investment, saying it has "massive growth potential."
But PA's archival comic search is broken, and if you keep hitting the "back" button, sometimes it doesn't go to the previous comic, so I gave up on looking for it.
I'm not scared of anonymous cowards.
Come on, this is just ridiculous. I have a wireless keyboard and mouse from a real company, Logitech, that I comfortably use from my couch daily. If I want a little lap desk, there's a steel/plastic slidin' thing 4 sale on TV for $19.99. It even inclines to boot. But, I've never needed anything like that, because my knees can also support a keyboard and incline.
This must be some sort of Laundering scam.
Just imagine how much more money they would have had if they hadn't sued HardOCP for telling the truth about them! Then I'm sure they could have done much more than just make a keyboard, like, oh say, release a console.
"Apparently so, but suppose you throw a coin enough times. Suppose one day, it lands on its edge."
I hear Duke Nukem Forever is a release title for the console.
With all of the bad press, I can only guess that someone owes someone else a favor for which $5M is a small price. I can't imagine what, since I don't run with that kind of crowd, but nothing else makes any sense. If they can get the lapboard to work with the game consoles for FPS games like SOCOM and Halo, then they might make a little money or at least save some face.
Oh yeah, almost forgot... Suckers!!!!!!
Sorry, I really couldn't resist that one.
To the making of books there is no end, so let's get started
$5 Million for a KEYBOARD?! How in the hell do you talk Investors into spending $5 Million on a damned keyboard? I mean, its not new technology, its not particularly inovative. Hell, does it have a Patent that it deserves this type of attention? And from the creators of Vaporware, I mean, "The Phantom", a Second eternal hole to sink investors cashflow into.
"Engineers do the work of man, Physicists do the work of God"
[me] HA HA [/me]
Now you see why they sued HardOCP when they fully exposed the actual business model and modus operandi of the company. Dumb investors get exactly what they deserve.
Degaussing scares the bad magnetism out of the monitor and fills it with good karma.
Make it compatible (hell, go all the way with a 'made for' logo) with my Xbox 360 and price it properly, I'd most likely bite on that keyboard tray. But only if it's wireless, dammit.
Man, I actually feel dirty admitting that.
-my other sig is your mom
Nice keyboard. Now if there was only something to plug it into, say a gaming console...
You mean a $520 set-top Mac that's half the size of a GameCube?
There appears to be a typo in the story summary. The correct text should read:
Next Generation is running the almost unimaginable news that Infinium Labs has a $5 Million funding commitment from Golden Fleeced Investors.
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- - You can't take something off the Internet! That's like trying to take pee out of a swimming pool.
Man. why can't investors back a product that is "feature complete" and is only awaiting funding to begin production? but insted throw all their money at some system that is doomed to fail, and will most likey be ready for launch when Duke Nukem Forever hits the shelfs.
--
Hydrix: home of project QoNoS
So the first piece of equipment from Infinium Labs is going to be a piece of ply-wood?
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At Infinium's E3 booth in 2003, I thought that the lapboard was, by far, the most interesting part of their system. They should forget the console altogether.
Dewey, you fool! Your decimal system has played right into my hands!
Even though they have been bought out, this was the best lapboard ever made... who uses a mouse anymore?
http://fingerworks.com/