Valleywag
Multiverse, a Mountain View-based online virtual world play, has received $4.175 million in Series A funding led by Sterling Stamos Capital Management and including several prominent angel investors valuing them, post-money, at $10.5 million. Although similar to Linden Lab's Second Life in supporting in-world commerce, Multiverse is more focused on gaming. Their business model also involves the syndication of distinct MMORPGs using their tools and taking an upfront payment or a slice of individual developers' revenue (if there are any). But they're also dependent on a client download. They've received their funding, boast they have more than 10,000 development teams working on more than 150 distinct worlds, and have a more attractive business model, but we still feel the same way about virtual worlds. Unfortunately, the investors aren't listening.
Another virtual world to lambast
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12:56 PM on Thu May 31 2007
By Tim Faulkner
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1 comment
Comments
If these fools are smart they'll hire Alex Vieux to create an exotic virtual replica of himself. Then you'll never stop covering them.
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