SoP II: Not exactly Play Money
As the TerraNova tribe circle New York Law school Linden Lab is first out of the blocks with an announcement:
They have raised about 1.7 Billion Linden Dollars of VC funding. Which is 8 Million US Dollars (for those still using quaint old currencies). The announcement can be found here.
The funding round is lead by Benchmark Capital in conjunction with the Omidyar Network which is a new organization established by eBay founder, Pierre Omidyar which has the mission statement “So that more and more people discover their own power to make good things happen”.
The short term impact of this is that the drinks are on Cory tonight!
Posted by Ren Reynolds on October 28, 2004 | Permalink
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The short term impact of this is that the drinks are on Cory tonight
Have one for me guys. Wish I was there.
Many congrats to Linden Labs. I'm in SL at the moment listening to Philip describing what's going to happen and it all sounds good:
Better client GUIs, better in world 2D interfaces, better 3D, better physics, more integration with RL through video etc., more scalability, more stability, more of what Linden were already doing, but faster.
More power to their elbows. And more elbows to power them.
Posted Oct 28, 2004 2:13:41 PM | link
A virtual venture capital firm? Heh, I thought for a minute there you meant they raised it *in game*.
Posted Oct 28, 2004 2:22:13 PM | link
Congrats to the SL team - don't spend it all at Think Geek and despair.com :-)
Posted Oct 28, 2004 4:05:57 PM | link
Excellent!
Best wishes to Linden Lab.
Merwan Marker
Posted Oct 28, 2004 7:00:17 PM | link
Cory, at SOP1 you announced the brilliant IP strategy that multiplied your membership tenfold. Now at SOP2, you announce this new venture capital financing - does this mean another 10 fold increase? What are you going to announce at SOP3? An IPO? If so, count me in please! :) Due to time constraints, I will not be able to attend SOP2 this year, but I will be at the Accelerating Change conference at Stanford next week, and I look forward to congratulating you in person there.
Peter
Posted Oct 28, 2004 9:43:39 PM | link
Ren>The short term impact of this is that the drinks are on Cory tonight!
(Posting the next day)
They were, too!
Richard
Posted Oct 29, 2004 5:54:23 AM | link
