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Second Life Scores $11 Million

Posted by ryuzaki0 on from the virtual-book-readings-for-everyone dept.

News.com reports that Second Life, the virtual world run by Linden Labs, has netted $11 Million in venture capital funding from the Globespan Capital Partners group. From the article: "The company makes its money by charging players use fees for land they buy and build on. For now, the company isn't profitable, and it's not clear when it will be, said Catherine Smith, Linden Lab's director of marketing. However, she told CNET News.com that Linden Lab plans to use its new funding for aggressive international expansion, as well as for hiring intended to boost its infrastructure. "

1 of 59 comments (clear)

  1. why pay someone... by Chimera512 · · Score: 5, Funny

    for a second life when i have a hard enough time paying for the first one?