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Infinium Labs Nets $5 Million Funding Commitment

Posted by Zonk on from the you're-entering-the-vicinity-of-an-area-adjacent-to-a-location dept.

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."

5 of 50 comments (clear)

  1. Suckers! by CharAznable · · Score: 2, Insightful

    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. Re:Suckers! by jbrader · · Score: 3, Insightful

      Perhaps that's Infinium's true purpose. They'll suck all the money from brainless venture capitalists and then we'll be left with only the smart and responsible ones. Thank you, Infinium.

      --
      You are so boring that when I see you my feet go to sleep.
  2. Paydirt! by MBraynard · · Score: 4, Insightful
    I invested in this company's stock when (and it still is) in the tank. I did this because I knew two things might happen:

    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.

  3. So very sad by faloi · · Score: 2, Insightful

    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
  4. Re:$5 Million? by kevin.fowler · · Score: 3, Insightful

    I invested $10 in one at Ikea. Very useful to eat order out food on while in the living room. Quite stackable. And delightfully Swedish.

    --
    Bury me in mashed potatoes.