12 Year Old Starts Online Game Company. Makes $6.5M

Now that I think about it. I may be too old for this industry. And that’s not just me, so will be everyone else working for online game companies.

Here’s what’s real. A 12-year old kid has founded a Silicon Valley based company called playspan. Playspan is the “game industry’s first publisher-sponsored™ in-game commerce™ network. PlaySpan’s patent-pending in-game search, commerce and micropayment technologies enable game publishers and developers to generate new revenues, acquire new users and extend the loyalty of existing users.”

According to their official website;

“PlaySpan is founded by Arjun Mehta, a 5th grader, passionate about gaming and software programming that can make game playing experience exciting and more importantly rewarding!

PlaySpan started in Arjun’s garage in Silicon Valley in 2006 and was incorporated with Arjun’s earnings from selling online game items won from quests he fought while attending 5th grade at Challenger School in San Jose. “

Playspan has reportedly received a total of $6.5M worth of funding from partners and has recently signed up with 7 MMOG publishers with a combined userbase of 10Million users. They have not revealed their partners or the games that they are supporting as of this writing.

Wow! Talk about big business and big bucks.

Karl Mehta, Playspan co-founder and CEO said in an interview at Gamasutra; “[This investment] will help create a new class of revenue opportunities for publishers and will allow gamers to enjoy their game experience with commerce.We are extremely fortunate to have a complimentary group of global investors that bring solid experience in the gaming, internet and financial service industries.”

And now, time for me to go out and try to spot another 12-year old to make the MMORPG industry in the Philippines soar.

Any recommendations?

Cheers,

GM T

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8 Responses to “12 Year Old Starts Online Game Company. Makes $6.5M”

  1. Castigador says:

    Wow. Tindi niyan ha. Sipag at tiyaga nga lang talaga kailagan.

  2. jayvee f. says:

    wow, now that’s passion and talent!

  3. Blackwolf says:

    Good start. Let’s see how it progresses…

    In the 1980s, there were stories of business wizkids who managed to become millionaires by age 10 or 12. Where are they now?

  4. Trevor H. says:

    This makes me want to cry a little. All the time I was solving 3x-4=2x+1, I could have just made a company. I am so stupid :( .

    And the answer is 5 silly Arjun. I knew you would have trouble with it. LOL

  5. Anna says:

    Me asawa na ba siya? Lol. Hahaha. It’s amazing what kids can do. Hehe.

  6. jherskie says:

    why do i have the lingering feeling that all this is just publicity stint? how long will that kid own the company? long enough ’til the old crocs no longer see the value of publicizing the fact that the company is owned by a 12yr old, and decide to take over everything just for the ***** of it.

  7. GM T says:

    We’ll see if the Playspan site updates itself with real news – like naming their partners, perhaps?

    Thanks for the comments

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