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12 Year Old Gets $6.5M for Gaming Company

Posted by samzenpus on from the that's-a-lot-of-candy dept.

Bayscribe writes "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."

6 of 180 comments (clear)

  1. bubble 2.0 by wwmedia · · Score: 5, Funny

    i smell another dot com bubble bursting

  2. His future plans by CRCulver · · Score: 5, Funny

    From the article:

    Mehta said that he now intended to drop out of the sixth grade. "School is great, but now that I've got a multi-million dollar company, I need to concentrate on that. After all, Bill Gates and Steve Jobs did it. Sixth grade will still be there waiting for me in a few years. Now excuse me while I ask my mom to drive me in my new Ferrari to the mall."

  3. riight. by apodyopsis · · Score: 5, Funny

    dupe or not - that kid has just got to be an insufferable, annoying little snot.

    a bit like "doogie howser MD" only real, remember that?

  4. Re:dupe by Opportunist · · Score: 5, Funny

    Not only is this story almost certainly a dupe, it's also over 4 months old.

    In other words, could someone check whether that company still exists?

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  5. Kids today grow up so fast by Nymz · · Score: 5, Funny

    This one turned 13 before I got to the article.

  6. Re:Incorrect linkage by ThirdPrize · · Score: 5, Funny

    If the editors don't even RTFAs before posting them, why shoud we? ;)

    --
    I have excellent Karma and I am not afraid to Troll it.