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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."

15 of 50 comments (clear)

  1. A Personal Note to the Fine People at Golden Labs by Da+Stylin'+Rastan · · Score: 5, Funny

    Suckers!

    -DSR

  2. So Lonely... by theRhinoceros · · Score: 5, Funny

    Nice keyboard. Now if there was only something to plug it into, say a gaming console...

  3. WOOSH by Winckle · · Score: 4, Funny

    That was the sound of disapearing money.

  4. 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.
  5. 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.

  6. $5 Million? by oahazmatt · · Score: 5, Funny

    They invested $5 million in a "tray table"?

    --
    Those who believe the Internet is private,
    find their privates are on the Internet.
    1. 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.
  7. 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
  8. Amazing reversal. by Orrin+Bloquy · · Score: 3, Funny

    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 /. and I must look smart."
  9. Re:A Personal Note to the Fine People at Golden La by WinnipegDragon · · Score: 2, Funny

    I would like to offer the good people at Golden Labs the opportunity to 'invest' in the Golden Gate Bridge...

  10. Re:Hmmm.... by Crimsane · · Score: 2, Funny

    shhhhhhh!

    if you say that too loud Uwe Boll might try getting into the console business :(

  11. Re:There's a penny arcade somewhere... by big+tex · · Score: 3, Informative

    Serious growth potential,, that is.

    --
    I think I need a new sig here.
  12. The Duke by DPJohnny+Canuck · · Score: 2, Funny

    I hear Duke Nukem Forever is a release title for the console.

  13. Re:A Personal Note to the Fine People at Golden La by Alsee · · Score: 2, Funny

    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.

    -

    --
    - - You can't take something off the Internet! That's like trying to take pee out of a swimming pool.